• Thu, Nov 15, 2018 09:44 PM
  • 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) $5,523.57(-2.0%)
  • XRP (XRP) $0.4633(+1.5%)
  • Ethereum (ETH) $177.271(0.7%)
  • Bitcoin Cash (BCH) $416.349(-3.7%)
  • Stellar (XLM) $0.2259(+0.3%)
  • Bitcoin (BTC) $5,523.57(-2.0%)
Nov 15, 2018 (Thursday)
11:25
75 pct Irish people unwilling to consider career in blockchain technology: Study
10:23
American restaurant chain Sweetgreen plans blockchain push following $200M funding
10:11
Decentralized exchange EOSDAQ lists KEOS tokens
08:45
Smithfield Foods joins Subway, Tyson Foods and others in Food Industry Blockchain Consortium
06:36
Telecom giant Telefónica seeks to streamline core business processes using IBM Blockchain
06:03
Gibraltar Stock Exchange forms joint venture with fintech firms to develop blockchain technologies
04:44
Singaporean crypto startup KuCoin secures $20M in Series A round from IDG Capital, Matrix Partners, and Neo Global Capital
04:12
H&M subsidiary Arket trials blockchain for product traceability
03:28
Kakao’s blockchain platform Klaytn teams up with stablecoin project Terra
Nov 14, 2018 (Wednesday)
11:42
MAS, Bank of Canada begin work to link respective blockchain platforms
10:11
SIX Swiss exchange expects blockchain-based platform to replace existing system in 10 years
07:02
Circle Invest launches crypto reward program for new users
06:10
Thailand’s Democrat Party taps Zcoin’s blockchain for e-voting system in primary election
05:14
Chinese city of Loudi rolls out blockchain platform for real estate data
04:05
Crypto exchange OKEx adds support for Vietnamese Dong to C2C trading market
03:38
Shell and BP-backed VAKT to launch blockchain platform to digitize commodities trading industry by end of 2018
Nov 13, 2018 (Tuesday)
14:12
HSBC joins blockchain startup Axoni's Series B funding round
11:14
CSIRO’s Data61, CBA successfully complete trial of blockchain-powered smart money
09:51
Nine leading shipping companies team up for new blockchain consortium
07:21
Transoil International, Solaris Commodities conduct blockchain pilot for Black Sea wheat
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
EconoTimes