Huobi Partners With JD Cloud To Leverage Blockchain Technology

The JD Cloud subsidiary belonging to the Chinese e-commerce giant JD Group is partnering with the Chinese cryptocurrency exchange Huobi. The main purpose of this alliance will be to carry out new research on blockchain technology and cloud computing.

The two companies signed a partnership agreement that was unveiled during a signing ceremony in Beijing on Thursday. The two companies will work together to collaborate in various fields, including:

1. Understanding blockchain technology.
2. Methods to apply blockchain technology in areas such as finance.
3. Internet of Things (IoT)
4. Logistics.
5. The development of vision reports.
6. Analysis of current projects related to both public and consortium chain.

JD Group Vice President and Head of Product Development at JD Cloud, Gang He, explained to the press that the partnership's decision was based on JD Cloud's experience in the field of blockchain technology along with its unique advantages.

JD Cloud intends to continue to expand its capabilities and innovate to improve the servers of its business customers in the blockchain sector. Similarly, Huobi's CTO, Xianfeng Cheng, said the exchange established multiple partnerships.

“As a pioneer in the blockchain industry, Huobi has established multiple partnerships with incubators around the world, including China. Their advantages in technology, resources and experience will be applied to the next JD Cloud projects,” said Cheng.

JD.com is not the firs time that works with blockchain technology. In the past it has been trying to develop different services that help clients track where some products came from. In the future JD.com may be ready to start working with other blockchain products and this partnership with Huobi may be just the beginning.