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China’s Bid to Rule our Next Technological Revolution

October 1, 2018

 

You may have heard recently that the United States is falling behind China in terms of being the world leader in the innovation and development of the Artificial Intelligence industry.

 

What you may not have heard is that it has been announced that one Chinese company is looking to capitalize on what many consider to be the most promising technological areas, all at once.

 

JD.com, which is the company in question, has established what they are calling “the Smart City Research Institute” in Nanjing China, in order to look at methods of combining AI, big data practices and frameworks, and blockchain technology.

 

This announcement comes on the heels of an August 17th press release from JD.com in which they said they would be offering a Blockchain-as-a-Service platform. Overall, this service appears to have the aim of giving interested firms a one stop shop for bringing on their own Blockchains, without needing to pay and wait for any internal Blockchain development. In the grander scheme of things, in the Blockchain space, this is nothing new.

 

On the other hand, with both of these announcements under consideration, a very specific connection can be made. In short, it would be reasonable to infer that JD intends to use its BaaS platform as the blockchain in this group of technologies that it will be researching in Nanjing. In the interest of fairness, it should be made clear that others would caution against doing so, given that JD would then be discounting the benefits of exploring what other blockchain firms are developing.

 

Even so, once all of the facts of this situation are known, it seems even more likely that JD will use its Baas platform to achieve its goal of essentially spearheading China’s move towards putting all of these technologies into practice, in the governance of certain cities.

 

Because JD’s headquarters is in Nanjing, the eastern part of China is where the greater part of the company’s efforts into researching how to revolutionize cities will take place. In the end, due to the understood truth that nearly all of these spaces are in very early stages of the industry life cycle, it might be quite a while before we see any Chinese smart cities become active.

 

 

By: BGN Editorial Staff

 

 

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