Bankorus, a fintech company and creator of China’s first robo-advisor is announcing today its participation in the founding cohort of AI Catapult, a new blockchain and AI accelerator launched by the AI Platform and Research Division of JD.com, China’s largest retailer.
AI Catapult will give participating startups the opportunity to cooperate extensively with business units throughout JD.com’s retail business, providing real-world, large-scale applications for the most innovative AI and blockchain research and development.
As the first company to work with JD on the creation of AI Catapult, Bankorus will provide thought leadership and extensive resource support AI Catapult, helping other startups to collaborate with industry leaders and leverage the network, expertise and experience of both Bankorus and JD. Not only does the accelerator offer a space for both Chinese and international startups to grow and collaborate, but it also enables new players with great ideas to accelerate into mature, established competitors in the space.
Bankorus provides a crypto wealth management solution for high net-worth individuals (HNWIs) to ensure their investments in crypto-assets are secure and managed properly. Using blockchain technology, Bankorus gives HNWIs the ability to get involved in crypto investments while maintaining full compliance.
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.
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,” said Bankorus CEO and co-founder Greg Van den Bergh. “We are excited to partner with JD.com and give startups the boost they need in such a competitive landscape.
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,” added Uri Ferruccio, Director of Strategy and Investment for JD’s AI Platform and Research Division. “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.