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Jingdong’s Joint Effort To Establish A Blockchain Research Lab November 15, 2018

 

Jingdong is a leading e-commerce business in China founded by Richard Liu. The company together with Ying Wu College of Computing that is at New Jersey Institute of Technology and the ISCAS, Institute of Chinese Academy of Sciences decided to develop a research laboratory that will focus on blockchain technologies. The lab development venture was announced in Beijing during its launching event.

 

From the information collected, the lab called “Urban Smart Logistics Institute”, will concentrate on providing solutions to stability and efficiency problems that are substantial obstacles blocking the blockchain application in the broader area. The lab will use its resources in exploring new areas in which the technology can be applied including the multi-layer joint research forces into essential research protocols, decentralized security in applications, privacy protection and many more.

 

The established research lab will be headed by three experienced professionals from the three parties who are Dr. Jian Pei, the head of JD Big Data and Smart Supply Chains, Dr. Qiang Tang from Ying Wu College of Computing Assistant Professor, and Dr. Zhenfeng Zhang who is the senior deputy engineer at ISCAS. Dr. Zhang and Dr. Tang are experienced and chief experts in cryptography and blockchain. See This Article for additional information.

 

According to Dr. Pei, Jingdong is a senior company utilizing the blockchain technology, and the company is committed to exploring its ability by investing in the expansion of blockchain ecosystems via strategic studies and partnership. The partnership with ISCAS and NJIT will increase their strengths in developing on that cutting-edge technology that deploys too many fields and industries.

 

Jingdong Mall boasts of more than three hundred million clients and the importance of having blockchain to increase the company’s transparency in delivery and supply chain of their products with safety and high quality in mind. The president of NJIT Dr. Joel S. Bloom was also happy with the partnership that involved a leading e-commerce business and a modern lab that will do detailed research on Blockchain and cybersecurity technologies.

 

In August, Jingdong opened an open blockchain platform that was useful to customers secure enterprise and used their blockchain apps to conduct more secure, convenient and transparent operation management.

 

See Also: https://www.businessinsider.com/who-is-the-amazon-of-china-alibaba-dangdang-or-jingdong-2011-9