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JD.com, China's largest retailer and e-commerce, has launched AI Catapult, an accelerator for blockchain technology in development and artificial intelligence, the company announced on his website.
As part of JD's AI program, AI Catapult will partner with blockchain startups to develop new businesses and test real-world applications of their technologies on a large scale.
Logistical access for startups
Startups will work with JD.com teams that provide access to the nation's largest last-mile logistics network.
JD.com has developed AI applications in China and in a Silicon Valley laboratory.
HD.com, for example, uses blockchain technology in its supply chains to ensure product safety. With AI Catapult, the company plans to deploy these technologies in a larger number of areas and at a higher frequency.
AI Catapult already includes companies such as the Chinese financial pioneer Bankorous; The leader of the Australian cryptocurrency CanYa; Bluezelle, a database service powered by blockchain in Singapore; Nuggets based in London, a platform for identification and payment built on blockchain; and Devery, an open source product verification protocol powered by blockchain.
JD.com has more than 266 million customers.
A boost for Blockchain?
Bowen Zhou, vice president of IA division of the platform and the company's research, said the company was in a unique position to explore the potential of AI and blockchain in world trade.
AI Catapult will also help JD.com's AI research division to find ways to use AI to improve blockchain technology, with a focus on scalability, security, confidentiality, efficiency and energy consumption.
Image from Shutterstock.
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