JD.com which is a division of one of the largest Chinese e-commerce ‘JD Finance’ has recently established theSmart City Research and AnalysisInstitute headquartered at Nanjing.
According to a news report by local source ‘People’s Daily’, Jingdongcluster[JD.com]which is aChinese e-commerce company and focuses mainly on new technological implementation in e-commerce, logistics, and finance. Now with its new Institute, JD.com aims to facilitatethe event of “smart city” construction withthe employmentof AI, big data, and blockchain technologies.
The company’sinitialregional headquarters is located in Nanjing would influence “the entire East China region” and aimsto cut backindustrypricesand increase itspotency.
As per the report,the corporatepriorities include:
“Advanced Intelligent solutionswithin theareas of urbanecosystem, transportation, planning, energy consumption, commerce, security, healthcare, credit cities and e-government.”
JD.com has applied blockchain technology invariedaspects of its business, from itssupplyingand supply chain, toprovideblockchain asset-backed securities.
As reported by EtherDesk earlier, JD.com alsolaunchedits new Blockchain-as-a-Service [BaaS] platform. The new tool,referred to asJD Blockchain Open Platform,cansupposedlymodifybusinessesto create, host and implement blockchain solutionswhile nothaving to develop the technology from scratch.
Even earlier in the last month, a Chinese conglomerate with operations in insurance, banking, andmonetaryservices andone amongstthe world’s largestinsurancecompany’s cluster, PingAnInsurance,revealeda White Paper onsmartCities,”thataims to “helpthe govtto makea brand newmodel of city as a service governance.”