• Sat, Jan 19, 2019 07:06 AM
  • All times are UTC
  • Edition:
    International
Link copied

JD.com establishes institute to build smart cities using AI and blockchain

Oct 01, 2018 02:35 am UTC

JD Finance, the finance affiliate of JD.com, has set up the Smart City Research Institute at its headquarters in Nanjing, CoinTelegraph reported referring to a report from People’s Daily.

It is the first regional headquarter and R&D center of JD.com in the country. The new institute will focus on facilitating the development of “smart city” by leveraging advanced technologies including artificial intelligence (AI), big data, and blockchain technologies.

The institute will aim to enhance efficiency and reduce industry costs with primary focus on “the entire East China region”.

The company’s priorities include developing “Advanced Intelligent solutions in the areas of urban environment, transportation, planning, energy consumption, commerce, security, healthcare, credit cities and e-government.”

In August, JD.com launched “JD Blockchain Open Platform” – a new blockchain platform that will cater to enterprise customers. The company also introduced a blockchain-based traceability platform last year that enables customers to track and trace products and food along the supply chain.

JD Finance, which offers consumer credit and wealth management products, raised $1.9 billion in July from a number of Chinese financial giants including CICC Capital, brokerage China Securities, private equity firm Citic Capital and BOCGI, Reuters reported. It is reportedly planning to seek a domestic initial public offering.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $3,663.33 (-0.12%)
  • XRP (XRP) $0.325900 (-0.58%)
  • Ethereum (ETH) $121.57 (-1.21%)
  • Bitcoin Cash (BCH) $128.14 (-1.35%)
  • EOS (EOS) $2.46 (-1.49%)
  • Bitcoin (BTC) $3,663.33 (-0.12%)
Jan 18, 2019 (Friday)
11:26
Former Governor of Banque De France joins board of blockchain startup SETL
10:26
SAP launches blockchain solution to track pharmaceutical drugs
07:22
Crypto exchange Coinbase acquires Blockspring
06:37
ConsenSys co-founder Joseph Lubin joins crypto futures platform ErisX’s board
05:22
SEAT joins Spanish blockchain consortium Alastria
04:20
LG CNS joins Enterprise Ethereum Alliance
03:46
Grayscale launches investment trust for Stellar Lumens
Jan 17, 2019 (Thursday)
12:04
Wyoming lawmakers introduce bill to allow issuance of tokenized stock certificates
10:57
NGA Human Resources seeks to bring blockchain technology to HR & payroll processes
10:07
WWF unveils blockchain-based food provenance platform ‘OpenSC’
08:53
ABCC becomes first crypto exchange to add support for TRON’s TRC-10 tokens
07:16
South Korea’s Financial Services Commission to launch fintech sandbox in April
06:38
BitGo simplifies crypto trading for institutional clients via Genesis partnership
05:08
UPS’ venture arm invests in blockchain-based e-commerce startup Inxeption
04:08
Crypto exchange Binance enters European markets with new Jersey-based exchange
03:39
Blockchain firm R3 announces Corda Network and new governing foundation
Jan 16, 2019 (Wednesday)
11:52
Oil majors Chevron and Total join blockchain platform for energy commodity trading ‘Vakt’
10:45
Gibraltar Blockchain Exchange adds support for EOS on GBX-DAX
10:21
Blockchain startup Bitfury launches music division ‘Bitfury Surround’
09:34
Dubai telecom company du to develop blockchain solution for patient safety
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft