{"id":86528,"date":"2018-09-30T06:00:41","date_gmt":"2018-09-30T13:00:41","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=86528"},"modified":"2020-03-24T06:49:38","modified_gmt":"2020-03-24T06:49:38","slug":"chinese-e-commerce-giant-launches-smart-city-institute-exploring-blockchain","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/chinese-e-commerce-giant-launches-smart-city-institute-exploring-blockchain\/","title":{"rendered":"Chinese E-Commerce Giant Launches Smart City Institute Exploring Blockchain"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">According to the\u00a0<a href=\"http:\/\/it.people.com.cn\/n1\/2018\/0928\/c1009-30319562.html\"><span class=\"s2\">People\u2019s Daily<\/span><\/a> on Sept. 28, 2018, JD Finance, a division of the Beijing-based e-commerce goliath <span class=\"s2\">JD.com<\/span> (Jingdong Group), recently founded the Smart City Research Institute at its Nanjing headquarters.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">A\u00a0smart city is generally an urban area that ultilizes various forms of electronic information collection sensors in order to provide data used to manage resources and assets in a more productive way.\u00a0Historically focusing on technological advancements in finance, e-commerce, and logistics, JD.com created the Smart City Research Institute to accelerate smart city construction through emerging technologies including blockchain technology, artificial intelligence (AI), and big data.\u00a0<\/span><\/p>\n<p class=\"p3\"><span class=\"s3\">JD.com\u2019s regional headquarters in Nanjing will influence \u201cthe entire East China region\u201d in efforts to increase efficiency and reduce costs.<\/span> <span class=\"s5\">According to the People\u2019s Daily report, the Nanjing-based institute is focused on building <\/span><span class=\"s1\">solutions pertaining to urban environment, transportation, planning, energy consumption, commerce, security, healthcare, credit cities, and e-government.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">Regardless of uncertainties surrounding blockchain technology, smart cities will unquestionably be a major trend in the coming years. According to Orvis Research, the global smart cities market was valued at $529.6 billion in 2017 and is projected to reach $1944.7 billion by the end of 2023, with a CAGR of 24.2%. In fact, Ping An, Alibaba, Tencent, and Huawei recently announced a smart city initiative in late August with 500 Chinese cities on board. JD.com is clearly also onto something.<\/span><\/p>\n<figure id=\"attachment_75589\" aria-describedby=\"caption-attachment-75589\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-75589\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/08\/china-government-educated-by-blockchain-social-300x158.jpg\" alt=\"China: Government Officials Educated about Blockchain Technology\" width=\"300\" height=\"158\" \/><figcaption id=\"caption-attachment-75589\" class=\"wp-caption-text\">Related:\u00a0<a title=\"China: Government Officials Educated about Blockchain Technology\" href=\"https:\/\/cryptoslate.com\/china-government-officials-educated-about-blockchain-technology\/\">China: Government Officials Educated about Blockchain Technology<\/a><\/figcaption><\/figure>\n<p class=\"p6\"><span class=\"s1\">JD.com has already implemented several blockchain solutions in various verticals of its business, including supply chain and the issuance of asset-backed securities via a blockchain.<\/span><\/p>\n<p class=\"p6\"><span class=\"s1\">Additionally, JD.com announced its Blockchain-as-a-Service or BaaS platform in August. The BaaS tool is reported to enable companies in the building, hosting, and implementation of blockchain applications.<\/span><\/p>\n<p class=\"p6\"><span class=\"s1\">The BaaS tool is different from traditional enterprise blockchain solutions, offering something similar to an app store for applications that feature a blockchain.<\/span><\/p>\n<p class=\"p6\"><span class=\"s1\">Thus, JD.com is clearly making a major push into both the blockchain technology and smart city space. Keep up with CryptoSlate to more learn about recent developments in the blockchain ecosystem.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the\u00a0People\u2019s Daily on Sept. 28, 2018, JD Finance, a division of the Beijing-based e-commerce goliath JD.com (Jingdong Group), recently founded the Smart City Research Institute at its Nanjing headquarters. A\u00a0smart city is generally an urban area that ultilizes various forms of electronic information collection sensors in order to provide data used to manage [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":86540,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,60205],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chinese E-Commerce Giant Launches Smart City Institute Exploring Blockchain<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/chinese-e-commerce-giant-launches-smart-city-institute-exploring-blockchain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese E-Commerce Giant Launches Smart City Institute Exploring Blockchain\" \/>\n<meta property=\"og:description\" content=\"According to the\u00a0People\u2019s Daily on Sept. 28, 2018, JD Finance, a division of the Beijing-based e-commerce goliath JD.com (Jingdong Group), recently founded the Smart City Research Institute at its Nanjing headquarters. A\u00a0smart city is generally an urban area that ultilizes various forms of electronic information collection sensors in order to provide data used to manage [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/chinese-e-commerce-giant-launches-smart-city-institute-exploring-blockchain\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-30T13:00:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-03-24T06:49:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/09\/china-smart-city-social.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Cole Kennelly\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Chinese E-Commerce Giant Launches Smart City Institute Exploring Blockchain\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cole Kennelly\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/chinese-e-commerce-giant-launches-smart-city-institute-exploring-blockchain\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/chinese-e-commerce-giant-launches-smart-city-institute-exploring-blockchain\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/cole-kennelly\/#person\",\"name\":\"Cole Kennelly\",\"url\":\"https:\/\/cryptoslate.com\/author\/cole-kennelly\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/cole-kennelly\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/cole-kennelly\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/08\/author-cole-kennelly.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/08\/author-cole-kennelly.jpg\",\"caption\":\"Cole Kennelly\"},\"description\":\"Cole is passionate about the intersection of blockchain and finance. 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