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JD.com launches Blockchain startup accelerator



One of the largest e-commerce platforms in China, JD.com, is launching an accelerator program to facilitate the development of startups focused on blockchain



27.Feb.18 5:11 AM
By Daria Zaytseva
Photo Toinnov.com

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JD.com launches Blockchain startup accelerator
According to the statement, the program, which starting in March and received the name "AI Catapult", aims to incubate young blockchain firms, helping them to scale their applications by integrating with various JD.com enterprises in China, including e-commerce and logistics.

JD.com said that it has already registered at least four blockchain startups - from China, Australia, Singapore and U.K. so far - in order to start the initiative. JD.com says that firms cover a wide range of services from the database to the payment and identification platforms.
The initiative comes as a last effort from an e-commerce firm to adopt a blockchain in its various operations.

As previously reported, in December 2017 JD.com partnered with retail giant Walmart to pilot the use of blockchain technology to track food safety in the supply chain.

More recently, JD Logistic, JD.com's supply chain division, has joined the transport blockchain alliance to work on using distributed ledgers in the logistics.

Meanwhile, JD Cloud, a division of cloud computing services, has quietly launched an online platform that offers customized solutions for blockchain, similar to competing blockchain-as-a-Service products presented by internet giants Tencent and Baidu.



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