JD.com Partners With ISCAS And NJIT To Develop Blockchain Technologies

JD.com or Jingdong Mall is China’s largest online retailer. The company is well-known for its provision of high quality and authentic products. Since its foundation in 2004, the company has made a great effort to provide the best customer experience in the retail industry. Through its comprehensive logistics network, which covers more than 80 cities across China, JD.com guarantees delivery of products to its customers with unrivaled speed.

 

Besides offering same-day delivery services, Jingdong also offers a wide range of products through its online platform. The products include apparel, fresh food, toys, electronics, mobile phones, and other digital products, books, videos, computer hardware, and software as well as other fast-moving consumer goods.

 

Jingdong launched its first joint research lab for blockchain technologies called “Urban Smart Logistics Institute”. The company opened the state-of-the-art facility in partnership with the Institute of Software at the Chinese Academy of Sciences and the Ying Wu College of Computing at the New Jersey Institute of Technology.

 

During the announcement, which was made at an event held in Beijing, the management of JD.com confirmed that the new facility would be instrumental in solving stability and efficiency challenges. The administration noted that these challenges had been the most significant setbacks to the broader application of blockchain technology. The facility will also focus on exploring new uses of the technology. Together, the three partners will narrow down to multi-year joint research into basic privacy protection, security in decentralized applications, and consensus protocols. Get More Information Here.

 

According to the revelations made during the launch of the facility, a highly qualified team will be responsible for the daily operations of the laboratory. The team will be led by the president of JD Big Data and Smart Supply Chain, Dr. Jian Pei, Assistant Professor in the Ying Wu College of Computing, Qiang Tang, and Vice Chief Engineer at ISCAS, Zhenfeng Zhang. All the members of the management team are renowned experts in cryptography and blockchain.

 

Speaking during the occasion, Dr. Pei noted that Jingdong has always taken a leading role in the application of blockchain technology. He also expressed the company’s commitment to exploring further applications of the technology through investing in partnerships geared towards the development of blockchain technology. Dr. Pei praised the company’s collaboration with ISCAS and NJIT. He expressed his confidence that their joint research will lead to breakthroughs into possible new applications of blockchain technology.

 

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