JD.com, NJIT, & ISCAS launch blockchain research lab

08 Nov '18

3 min read

Courtesy: JD

JD.com has launched a joint research lab for blockchain technologies with the Ying Wu College of Computing at the New Jersey Institute of Technology (NJIT) and the Institute of Software at the Chinese Academy of Sciences (ISCAS). JD.com is China’s leading ecommerce firm that provides cutting-edge retail infrastructure for its consumers to buy its products.

The joint lab, which was announced at a launch event in Beijing, will focus on solving efficiency and stability challenges that are the most significant bottlenecks restricting the wider application of blockchain, and explore new applications of the technology. This will include multi-year collaborative research efforts into fundamental consensus protocols, privacy protection and security in decentralised applications, among other areas, JD.com said in a press release.

The new lab will be led by Jian Pei, president of JD big data and smart supply chain, Qiang Tang, assistant professor in the Ying Wu College of Computing at NJIT, and Zhenfeng Zhang, vice chief engineer at ISCAS. Both Tang and Zhang are leading experts in blockchain and cryptography.

“JD.com is a pioneer in the utilisation of blockchain technology, and we are dedicated to exploring its potential by investing in the growth of the blockchain ecosystem through key strategic and research partnerships. Our partnership with NJIT and ISCAS will leverage our respective strengths and resources to drive the continued development of this cutting-edge technology and its wider deployment across many industries,” Pei said.

“With more than 300 million customers, JD.com recognises the pivotal role being played by blockchain in improving transparency in the supply chain and delivering greater peace of mind to Chinese consumers about product quality and safety,” he added.

“NJIT is delighted to partner with one the leading e-commerce companies in the world and one of China’s premier research labs to work on cutting edge-blockchain and cybersecurity technologies. Working with strong international partners is a clear recipe for success in this endeavour. We look forward to working with JD and ISCAS to develop many different blockchain applications for a wide range of industries,” Joel Bloom, president of the NJIT said.

In August 2018, JD launched the JD Blockchain Open Platform to help enterprise customers easily build, host, and use their own blockchain applications for more secure, transparent and convenient operations management. The new platform enables customers to streamline their operational procedures and provide more visibility to consumers. In addition, JD has partnered with Walmart, IBM, and Tsinghua University to launch the Blockchain Food Safety Alliance which focuses on enhancing food traceability, and safety in China. (GK)

Fibre2Fashion News Desk – India

More Apparel/Garments News - China...