JD.com Subsidiary Rolling Out Privacy Tech From Blockchain Firm ARPA

JD.com Subsidiary Rolling Out Privacy Tech From Blockchain Firm ARPA

(Michael Vi/Shutterstock)

China’s second-largest online retailer, JD.com, is teaming with blockchain privacy platform ARPA to protect the financial data of major clients.

Specifically, the data platform for the firm’s subsidiary JD Digits (formerly JD Finance) will integrate with ARPA’s blockchain-based network, which uses technology known as secure multi-party computation (sMPC). JD Digits was formed to help other companies modernize with cutting-edge technologies like AI and blockchain.

Under the partnership, the sMPC technology will be utilized “at scale” to offer a range of privacy features for financial companies working with JD Digits, ARPA said in an announcement Monday.

“We believe privacy is the cornerstone of finance and business. With ARPA privacy-preserving computation, JD’s institutional clients will have peace of mind that their data is kept encrypted all the way during the analysis,” said Cao Yi, director of new media at JD Digits.

Polychain Capital, Square Crypto’s Steve Lee Invest in Bitcoin Broker’s $5.7M Seed Round

Previous

Kraken Launches Crypto Exchange Service in Australia

Next

More