JD finance is one of the subsidiary of JD.com, an e-commerce giant. They have major operation centers and headquarters in Nanjing. The company has significant attention towards logistics and finances. And with the help of Artificial Intelligence, they are primarily focusing on Smart City’s construction and are making use of advanced technologies like Big Data and blockchain technology in the whole process.
Their major use cases of the JD platform were, “The technology can help companies streamline operational procedures such as tracking and tracing the movement of goods and charity donations, authenticity certification, property assessment, transaction settlements, digital copyrights, and enhance productivity.”
Advanced solutions are more trustworthy in areas of urban environment, transportation, planning, energy consumption, commerce, security, healthcare, credit cities, and e-government. These will help the entire China Region in the process of development of the smart city.
JD.com’s project of Smart city research Institute in Nanjing is quite efficient in minimizing the industry costs and is more leaned towards the development of the smart city.
The company has used blockchain technology for different aspects like issuing asset-backed securities and to manage the logistics and supply chain by making use of blockchain technology.
The JD.com introduced Blockchain-as-a-Service(Baas) in August. It was introduced in a rationale to entitle businesses to make use of blockchain solutions instead of raising the things from scratch. The blockchain technology is quite versatile and customizable to obtain desired solutions for their businesses.
PingAn is Chinese group of different association, its conglomerate operations in insurance, banking, and financial services is one of the largest association of insurance group in the world.
Moreover, PingAn is more proficient in various core professional technologies which fulfill the prime need of the smart city development projects. Therefore it is more confident in the event of techniques necessary for establishing “smart city.” PingAn’s business is majorly focused on the five prime technologies, biometrics, big data, artificial intelligence, the blockchain, and cloud platforms.
The primary concern of PingAn is to join hands with the government in the development of a new model of the city as service governance. Apart from that, they have proposed a comprehensive, systematic, highly recognized methodology and solution.