According to the announcement, the Chinese tech company JD.com will open a research institute called Smart City in order to research the issue of creating "smart cities" with the use of blockchain and artificial intelligence.
The Institute will be based at the headquarter of JD Finance in Nanjing. As People's Daily writes, the work of the institution will have an impact on the whole eastern China. Specialists of the Institute will work on reducing costs and increasing the efficiency of the urban environment.
The main areas of their interest will be new solutions in the fields of transport, energy consumption, commerce, security, health, and e-government.
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