Blockchain Technology to build City as a Service GovernanceSeptember 29, 2018
JD finance is the division of JD.com, the Chinese e-commerce giant. JD finance has its headquarters in Nanjing. Smart City Research Institute is established in Nanjing.
The use cases for 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.”
The primary focus of the e-commerce giant is in logistics and finance. Making use of Artificial intelligence in the construction of “Smart City” is the main aim of JD.com. Big data and blockchain technology will be used in the process.
The entire Easy China Region will be worked on in the smart city development process by making use of, “Advanced Intelligent solutions in the areas of urban environment, transportation, planning, energy consumption, commerce, security, healthcare, credit cities, and e-government.”
The Smart City Research Institute established in Nanjing will contribute to reducing industry costs and to increase the efficiency of creating the smart city.
The company has already made use of the blockchain technology in different forms like issuing asset-backed securities as tokens backed by blockchain technology and to manage the logistics and supply chain by making use of blockchain technology.
Of note, Blockchain-as-a-Service (BaaS) platform was launched by JD.com in August. It was known as the JD Blockchain Open Platform. This platform was meant to help businesses make use of blockchain solutions without having to build the required technology from scratch. Companies can use the platform to develop and host customized solutions for their businesses.
Ping is a Chinese conglomerate that has its “operations in insurance, banking, and financial services.” It is one of the largest insurance groups in the world.
Ping in its “White Paper on Smart Cities,” focuses to “help the government to create a new model ‘city as a service’ governance.”
Ping An, has mastered a large number of core professional technologies required for smart city development, therefore is more confident in the event of techniques necessary for establishing “smart city.” The Ping An’s five core technologies are based on “biometrics, big data, artificial intelligence, the blockchain, and cloud platforms have reached the leading global level.”
“In promoting the development of the smart city, Ping An puts forward the system of [intelligence] in the perspective of service and creativity, and promotes it with practice.”
The primary goal of Ping An is to “help the government to create a new model of “city as service governance” and as well to “propose a comprehensive, systematic, highly-recognized methodology and solution, with “wisdom, [and intelligence]” as the main line of thinking.”