JD.com Opens Institute for Building ‘Smart Cities’ With Blockchain and . .

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JD.com Opens Institute for Building ‘Smart Cities’ With Blockchain and AI

A division of Chinese e-commerce giant JD.com, JD Finance, has established the Smart City Research Institute at its headquarters in Nanjing, reported People’s Daily September 28.

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

The company’s first regional headquarters in Nanjing will influence “the entire East China region” and aims to reduce industry costs and increase efficiency. The report states that the company priorities are:

Readmore: https://cointelegraph.com/news/jdcom-opens-institute-for-building-smart-cities-with-blockchain-and-ai