In a bid to launch a blockchain research laboratory, China’s largest ecommerce retailer, JD.com, has decided to partner with New Jersey Institute of Technology (NJIT) Ying Wu College of Computing.
JD.com a member of the NASDAQ100 and a Fortune Global 500 company, and NJIT are joined by ISCAS (Institute of Software at the Chinese Academy of Sciences).
Despite the fact that blockchain is readily accepted in many countriea, it is not without its own shortcomings, such as stability challenges, efficiency issues and so on. Theee are the problems the merger would try to solve, in addition to exploring other aspects of this technology.
The research is expected to last for several years, and to inspect multiple areas of blockchain in order to expand it and discover new to improve on it.
China, however has continued to support the new innovation through the launch of their own initiatives, this is in a bid to make sure they are at the forefront when it comes to blockchain technology.