Fintech company Bankorus has announced its participation in the founding cohort of AI Catapult, the new blockchain and AI accelerator launched by the AI Platform and Research Division of Chinese retailer JD.com.
With more than 266 million customers and millions of brands from around the world on its platforms, JD.com uses drones, robotics and automation technology as well as smart supply chain, marketing and customer service applications. AI Catapult will give participating start-ups the opportunity to co-operate extensively with business units throughout JD.com’s retail business, providing real-world, large-scale applications for the AI and blockchain research and development.
Bankorus provides a crypto wealth management solution for high net-worth individuals to ensure their investments in crypto-assets are secure and managed properly. Using blockchain technology, Bankorus gives high net worth individuals the ability to get involved in crypto investments while maintaining full compliance.
Working with JD on the creation of AI Catapult, Bankorus will provide thought leadership and extensive resource support to AI Catapult, helping other start-ups to collaborate with industry leaders and leverage the network, expertise and experience of both Bankorus and JD. Bankorus and JD.com will combine their resources and leverage technologies with the mission of providing a collaborative, open and focused environment for the growth of blockchain businesses to grow and scale quickly. The program will provide educational seminars on all blockchain technology.
CEO and co-founder of Bankorus, Greg Van den Bergh said: “The decentralization power brought by blockchain has the capability to disrupt industries from finance to agriculture, but while the use-cases for blockchain technology is broad, many blockchain startups are unable to jumpstart their business as the developmental process is riddled with speed bumps. We are excited to partner with JD.com and give startups the boost they need in such a competitive landscape.”
Uri Ferruccio, Director of Strategy and Investment for JD’s AI Platform and Research Division, commented: “We are delighted to bring our AI resources to the table as we partner with Bankorus to help startups translate blockchain into real and practical value. As JD works to develop the future of global commerce, AI Catapult will support JD.com as it explores how AI can improve the scalability, security, privacy and efficiency of blockchain, and enable novel and improved applications in areas such as distributed AI.”