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.

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…

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