E-Commerce company JD.com is launching Blockchain Startup Accelerator
According to the reports, the program will be starting from March and dubbed “AI Catapult,” and all set to produce young blockchain firms through helping them scale their applications through integrations with JD.com’s various businesses in China, including e-commerce and logistics.
JD.com told that it has already signed up at least four blockchain startups – from China, Australia, Singapore and the U.K. so far – to kick off the initiative. The organization covers a wide range of services from the database for payments and identity platforms.
The move comes as the latest effort from the e-commerce firm to adopt blockchain within its various operations.
In December 2017, JD.com partnered with retail firm Walmart to manage the use of blockchain technology for tracking food safety in the supply chain.
Recently, JD Logistic, the supply chain arm of JD.com, partnered a transportation blockchain alliance to work towards the use of distributed ledgers in the logistics field. India’s Tech Mahindra also announced that it is ready to Invest a huge amount in Canadian Blockchain Research.