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Amazon’s reputation has taken a hit in recent years.?The company is tight-lipped about its inner workings, which creates an opening for others to fill in the blanks. The New York Times took a crack at it, publishing a scathing exposé about the Seattle e-commerce giant’s “bruising” culture.

Ambassador Cui Tiankai: China, US 'have far more common interests than disparities'

Amazon’s other option would be spinning off its private label brands, which compete with third-party sellers in the marketplace. That would mean abandoning a business that Amazon has been investing heavily in over the past few years.

Amazon’s online business?model has often drawn criticism from local merchants, who claim?that the e-commerce giant is?training shoppers to find cheap deals online instead of supporting nearby?retailers. If that’s the case, Amazon’s push into local will not be a?slam dunk. However, if Amazon’s local marketplace is able to drive customers to local businesses, perhaps?this is?the olive branch that local retailers have been looking for?

Among all the fintech innovations, the prospect of the block chain has the highest expectation.