E-Commerce Giant JD.com Launches Blockchain Startup Accelerator

JD.com, one of China's largest e-commerce platforms, is launching an accelerator program to foster the development of blockchain-focused startups.

AccessTimeIconFeb 27, 2018 at 8:30 a.m. UTC
Updated Sep 13, 2021 at 7:37 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

JD.com, one of China's largest e-commerce platforms, is launching an accelerator program to foster the development of blockchain-focused startups.

According to an announcement Tuesday, the program, starting in March and dubbed "AI Catapult," aims to incubate young blockchain firms – helping them scale their applications through integrations with JD.com's various businesses in China, including e-commerce and logistics.

JD.com said 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 firms cover a wide range of services from database to payment and identity platforms, JD says.

The initiative comes as the latest effort from the e-commerce firm to adopt blockchain within its various operations.

As reported previously, in December 2017, JD.com partnered with retail giant Walmart to pilot the use of blockchain technology to track food safety in the supply chain.

More recently, JD Logistic, the supply chain arm of JD.com, joined a transportation blockchain alliance to work towards the use of distributed ledgers in the logistics field.

Meanwhile, JD Cloud, the platforms' cloud computing service division, has quietly launched an online platform that provides tailor-made blockchain solutions, similar to rival blockchain-as-a-Service products unveiled by internet giants Tencent and Baidu.

JD.com image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.