Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos
General Retailers
Multi-channel & Online Retailing
Return to: RBR Home | General Retailers | Multi-channel & Online Retailing

JD.com launches new accelerator to develop AI and blockchain technologies

RBR Staff Writer Published 01 March 2018

Chinese online retailer JD.com has launched AI Catapult, a new accelerator for blockchain and artificial intelligence (AI) technology development.

The accelerator, which is part of JD’s AI program, will collaborate with start-ups working on blockchain in building new businesses, creating and testing real-world applications for their technologies at scale.

Participating start-ups will be allowed to work with several operational teams within JD.

JD.com's engineers have already developed commercial AI applications in China. The company is also expanding Silicon Valley lab.

The solutions are implemented in JD’s drones, robotics, automation technology, smart supply chain, marketing and customer service applications.

JD.com leading in the use of blockchain technology in supply chains and for product safety, via a supply chain transparency initiative that allows tracing for products back to their origin.

Via AI Catapult accelerator, the company expects to deploy these and related technologies in more areas that will increase efficiencies.

The inaugural roster of AI Catapult will include Bankorous, a Chinese fintech pioneer, CanYa, Australian cryptocurrency developer, Bluezelle, a Singapore-based blockchain-powered database service, Nuggets, a London-based e-commerce payments and ID platform built on blockchain and Devery, a blockchain powered, open-source, product verification protocol.

AI Catapult is also expected to help JD.com in advancing its AI research to find new ways to use AI to improve blockchain technology, with particular focus on scalability, security, privacy, efficiency and energy consumption.

JD.com’s AI Platform and Research Division vice president Bowen Zhou said: “JD is in a unique position to explore the potential of AI and blockchain in global commerce.

“We are excited to work with some of the world’s most innovative startups to explore ways we can scale these cutting edge technologies for the future of retail and other industries, as well.”

Image: JD.com starts new accelerator to work with start-ups. Photo: Courtesy of JD.com, Inc.