Blockchain research center launched by Chinese University

One of the China based universities – Fudan University, has started a blockchain research center, per a declaration made during the week.

According to the announcement, Fudan University has formed the Shanghai Blockchain Engineering Technology Research Center in association with Zhongan Online Property Insurance Co., Ltd. and Shanghai Zhongren Information Technology Co., Ltd.

The launch event was attended by Mr. Tan Ruiqi and Mr. Zhang Fan from the Base of Shanghai Science and Technology Commission, Vice President Ai Jianliang from Fudan University Research Institute, and Xue Xiangyang, Vice President of the School of Computer Science and Technology.

Professor Lu Haibin, Director of the Engineering Center of Fudan University, commenced the Engineering Center. He said that “the Engineering Center will carry out basic research, demonstration application and talent training in the frontier of the blockchain, strengthen the combination of production, study and research, and serve Shanghai’s economic development.”

The Deputy Director of the Shanghai Municipal Science and Technology Commission has applauded the organization of the new Engineering Center. He said that “the China (Shanghai) Blockchain Technology Innovation Summit was held in Yangpu District on September 6 last year, releasing the first blockchain technology and application in Shanghai. The White Paper, he believes that the blockchain has application prospects, and hopes that the engineering center will integrate with the industry and serve Shanghai, contributing to Shanghai’s economic development and talent cultivation.”

The research center would be involved in carrying out fundamental research on blockchain technology, establish its application and also provide associated talent training. The establishment of the Shanghai Blockchain Engineering Technology Research Center will encourage the development and growth of the blockchain industry in Shanghai and supposedly enable the development of the Shanghai economy.

Further, various Chinese universities have incorporated the blockchain into their scholarship programs. In the previous month, the Institute for Fintech Research at Beijing’s Tsinghua University (THUIFR) had merged with Ripple, blockchain payments firm, and established the Blockchain Technology Research Scholarship Program (BRSP). The primary motive of the program is to get the best graduate students in China by 2019 to discover the regulations pertaining to the blockchain industry globally and have such ability who would be able to develop the industry on the whole.

During the beginning of this month, the Chinese Institute for Fintech Research at Tsinghua University had collaborated with Ripple’s global University Blockchain Research Initiative (UBRI) which was launched in June 2018, to support various functions that include academic research, technical development and innovation in the blockchain, cryptocurrencies and digital payments.