Bitcoin News — JD.com

Chinese Retail Giant JD.com Launches Blockchain Research Lab

Posted by Ana Alexandre on

Chinese e-commerce giant JD.com has partnered with two technology institutes to launch a blockchain research lab to examine new applications of the technology.

Chinese retail giant JD.com is further gaining a foothold in blockchain technology by launching a research lab for blockchain in partnership with two technology institutes, according to an announcement published Oct. 30.

Jingdong Group (JD.com) is a leading Chinese e-commerce company, controlling roughly 30 percent of the business-to-consumer online market in China with 314 million active users, according to Financial Times. The company focuses on implementation of new technologies in e-commerce, delivery services, and finance.

Per the announcement, JD has collaborated with the Ying Wu College of Computing at the New Jersey Institute of Technology (NJIT) and the Institute of Software at the Chinese Academy of Sciences (ISCAS) to establish a blockchain technology lab. The lab will be geared towards solving efficiency problems and examining new applications for the technology.

Among other objectives of the lab, JD cites long-term joint research efforts in fundamental consensus protocols, privacy protection, and security in decentralized applications (DApps). Zhong Hua, deputy director of the Software Institute of the Chinese Academy of Sciences, stated that “through this partnership we will bring about blockchain innovation and promote industrial applications of blockchain technology.”

Last month, JD established the Smart City Research Institute at its headquarters in Nanjing aimed at facilitating the development of “smart city” construction with the use of artificial intelligence (AI), big data, and blockchain technologies. The Institute will reportedly influence “the entire East China region” and aims to reduce industry costs and increase efficiency.

In August, JD revealed its new Blockchain-as-a-Service (BaaS) platform dubbed JD Blockchain Open Platform. The new product is designed to help commercial customers to build, host and implement blockchain solutions without having to develop the technology from scratch.

Moreover, in August the company revealed plans to issue asset-backed securities (ABSs) on a blockchain in conjunction with Huatai Securities and Xingye Bank. Within the collaboration, the partners would purportedly assess blockchain’s potential to improve asset security.

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Chinese Retail Giant JD.com Launches Enterprise Blockchain-as-a-Service Platform

Posted by Marie Huillet on

Chinese e-commerce giant JD.com has revealed its new Blockchain-as-a-Service (BaaS) platform for enterprises.

Chinese e-commerce giant JD.com has revealed its new Blockchain-as-a-Service (BaaS) platform in a press release published today, August 17.

The new tool, dubbed JD Blockchain Open Platform, aims to enable businesses to build, host and implement blockchain solutions without having to develop the technology from scratch.

According to the press release, the service will offer smart contract functionality for “public and private enterprise clouds.” JD outlines a range of potential use cases for the platform:

“The technology can help companies streamline operational procedures such as tracking and tracing the movement of goods and charity donations, authenticity certification, property assessment, transaction settlements, digital copyrights, and enhance productivity.”

JD presents the BaaS tool as the “latest expansion” of its Retail as a Service (RaaS) strategy, through which it aims to make advanced technologies and infrastructure accessible to other businesses and industries.

The platform will host an app store that offers different “blockchain bottom layers, tools and software” that have either been developed in-house or by independent software developers. While these latter are not specified in the press release, JD says it will oversee and implement “stringent quality control over the offerings on the app store.”

The first partner to use the platform is reportedly the China Pacific Insurance Company (CPIC) for creating a blockchain-based electronic invoice system to trace “fapiao” — the Chinese term for official tax authority-approved invoices.

As Cointelegraph has reported, major firms including WeChat giant Tencent, alongside China’s municipal authorities, have recently been turning to blockchain-based e-invoice systems in order to achieve a frictionless link between enterprise and consumer entities and state tax services.

While JD is by no means a newcomer to the blockchain space,  other Chinese corporations have preempted its BaaS offering. In April, telecoms giant Huawei revealed its Hyperledger-powered BaaS tool, which is similarly geared towards cloud-based smart contract development and efficient blockchain solutions for businesses.

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JD.com Rolls Out Blockchain Platform With Its First App

Posted by Wolfie Zhao on

Chinese e-commerce giant JD.com has launched a blockchain platform along with its first application – one for tracking invoices.

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JD.com's Finance Arm to Issue Asset-Backed Securities on a Blockchain

Posted by Wolfie Zhao on

JD Finance, a subsidiary of Chinese e-commerce giant JD.com, has announced a pilot issuance of asset-backed securities over a blockchain.

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E-Commerce Giant JD to Launch Blockchain-as-a-Service Platform

Posted by Wolfie Zhao on

JD.com has today unveiled a white paper detailing its plans for a new blockchain-as-a-service (BaaS) platform.

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