JD.com which is a division of one of the largest Chinese e-commerce ‘JD Finance’ has recently established the Smart City Research and Analysis Institute headquartered at Nanjing.
According to a news report by local source ‘People’s Daily’, Jingdong cluster [JD.com] which is a Chinese 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 facilitate the event of “smart city” construction with the employment of AI, big data, and blockchain technologies.
The company’s initial regional headquarters is located in Nanjing would influence “the entire East China region” and aims to cut back industry prices and increase its potency.
As per the report, the corporate priorities include:
“Advanced Intelligent solutions within the areas of urban ecosystem, transportation, planning, energy consumption, commerce, security, healthcare, credit cities and e-government.”
JD.com has applied blockchain technology in varied aspects of its business, from its supplying and supply chain, to provide blockchain asset-backed securities.
As reported by EtherDesk earlier, JD.com also launched its new Blockchain-as-a-Service [BaaS] platform. The new tool, referred to as JD Blockchain Open Platform, can supposedly modify businesses to create, host and implement blockchain solutions while not having to develop the technology from scratch.
Even earlier in the last month, a Chinese conglomerate with operations in insurance, banking, and monetary services and one amongst the world’s largest insurance company’s cluster, Ping An Insurance, revealed a White Paper on smart Cities,” that aims to “help the govt to make a brand new model of city as a service governance.”