JD.com opens an institute for the construction of "Smart Cities" with Blockchain and AI


A division of the Chinese e-commerce giant JD.com, JD Finance, established the Smart City Research Institute at its headquarters in Nanjing, reported the People & # 39; s Daily on September 28th.

Jingdong Group (JD.com) is a Chinese e-commerce company that focuses on new technology implementation in e-commerce, logistics and finance. With the new institute, JD.com aims to facilitate the development of the construction of "smart city" with the use of artificial intelligence (AI), big data and blockchain technologies.

The company's first regional headquarters in Nanjing will influence "the entire region of Eastern China" and aims to reduce industry costs and increase efficiency. The report states that the company's priorities are:

"Advanced intelligent solutions in the areas of urban environment, transport, planning, energy consumption, trade, security, health, credit and e-government."

JD.com has applied blockchain technology in various aspects of its business, from its supply chain and supply chain, to the issue of blockchain asset-backed securities.

In August, JD.com revealed its new Blockchain-as-a-Service (BaaS) platform. The new tool, called JD Blockchain Open Platform, will allow companies to build, host and implement blockchain solutions without having to develop the technology from scratch.

Last month, a Chinese conglomerate with operations in insurance, banking and financial services and one of the largest insurance groups in the world, Ping An Insurance, published a "White Paper on Smart Cities", which aims to "help the government to create a new governance model of the "city as a service".

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