THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
JD.com launches accelerator for blockchain and AI technology

Chinese online retail giant JD.com has launched a new accelerator, AI Catapult, for the development of artificial intelligence and blockchain technologies.

GENERAL MERCHANDISE

JD.com launches accelerator for blockchain and AI technology

Part of JD.com’s AI programme, AI Catapult will begin partnering with innovative blockchain startups from March as it looks to help build new businesses and create and test real-world applications of their technologies at scale.

Participating startups will have the opportunity to work with a wide variety of operational teams within JD.

JD.com already develops its own commercial AI applications through its engineers in China and at its Silicon Valley lab. These solutions are deployed in JD’s drones, robotics, automation technology, smart supply chain, marketing and customer service applications.

It also uses blockchain technology in supply chains and for product safety, through a supply chain transparency initiative that enables tracing for products back to their origin. Through AI Catapult, the company hopes to deploy these technologies more widely.

Based in Beijing, AI Catapults’ first roster of companies will include Chinese fintech pioneer Bankorous, Australia’s cryptocurrency leader CanYa, the Bluezelle blockchain-powered database service in Singapore, and London-based Nuggets, the ecommerce payments and ID platform built on blockchain.

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

AI Catapult will also help JD’s AI research division find new ways to use AI to improve blockchain technology, with a particular focus on areas such as scalability, security, privacy, efficiency and energy consumption.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing