China Retail Giant Backs New Blockchain Research Lab-5.69

Jingdong Group ( is one of the biggest consumer-focused companies in China. They have more than 300 million active users, and hold around 30% of the B2C market in China. According to a recent report, is going to launch a new blockchain research lab in conjunction with two leading technology institutes. The new lab plans on exploring real-world applications for blockchain in China.

This announcement comes after decided to open up a smart-cities program that integrates blockchain into a wider City-as-a-Service (CaaS) model. JD’s new blockchain lab will be developed with cooperation from Ying Wu College of Computing at the New Jersey Institute of Technology (NJIT), as well as the Institute of Software at the Chinese Academy of Sciences (ISCAS).

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