Blockchain Technology Applications in Retail and Insurance Sectors: Cases from Suning and PingAn
Yuejun Lawrance CAI, Cong Qi · 2021
Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. As a novel technology, blockchain has a broad impact on various business practices. China is leading blockchain technology development all over the world. This paper studies the blockchain technology applications in the retail and insurance sectors in China. Specifically, we compared the similarities and differences of blockchain implementations between two typical cases-Suning and Ping An. Our research results provide meaningful implications and insights for blockchain practitioners who are keen in leveraging blockchain technologies in their businesses.