Tuesday, 16 July 2024
Nuggets joins forces with Chinese e-commerce giant JD.com
JD.com is China’s largest retailer, online or offline, and the world’s third-largest internet company by revenue. With more than 266 million active customers, JD is a direct seller of millions of brands from around the world and hosts a marketplace of more than 160,000 trusted merchants. The company also owns and operates its own advanced nationwide logistics systems. In China, the world’s largest e-commerce market by far, 80% of JD’s customer orders are made from a mobile device – making it an ideal partner for the Nuggets platform.
JD.com has been greatly increasing its involvement in blockchain over the last 12 months, through both internal operations and external partnerships. In 2017, its logistics arm became the first Chinese member of the Blockchain in Transport Alliance (BiTA), alongside industry giants such as FedEx.
Nuggets’ CEO and Founder, Alastair Johnson, said: “We are delighted to work with JD.com. The Nuggets solution will transform the way everyone shops online. Working with such a massive name in e-commerce is a fantastic opportunity as we further evolve this technology.”
Uri Ferruccio, Director of Strategy and Investment for JD’s AI Platform and Research Division said: “We are excited to have Nuggets join the AI Catapult accelerator. Nuggets’ application of blockchain technology for simple, secure payments and ID is an example of the type of innovation that will be at the forefront of change in e-commerce.”
Nuggets is joined in the AICA by the private wealth management platform Bankorus, decentralized database provider Bluzelle, the blockchain and cryptocurrency-enabled marketplace Canya, the blockchain and cryptocurrency-enabled marketplace, digital product tracking brand Devery.io.
Re-disseminated by The Asian Banker
