New blockchain laboratory established by Chinese Academy of Sciences

August 7, 2018

China’s federal science institution, the Chinese Academy of Sciences (CAS), is making the effort in adopt blockchain technology to the country.

According to People Daily, CAS representative has revealed the launching of Big Data and Blockchain Lab in a seminar on June 15. This lab is in the collaboration between the Academy and Beijing blockchain startup named Tai Cloud Corp. It action concentrates to study blockchain technology from a mathematical perspective and also nurture talents for the market demand.

Deputy director Center for Mathematics and Interdisciplinary Sciences, Mr Xiaoshan Gao shared his belief the role of mathematical methods to solve core blockchain issues.

Subsequently to the endorsement of Mr Xi Jinping –  Chinese President at the annual hosted by CAS in May this year, the lab is considered as the latest move by this academy regarding to blockchain development.

Previously on Coindesk, CAS also shared that they are planning to implement a platform that can support public, private and consortium blockchains altogether.

Related Article
Iran’s Power Grid Struck by Crypto Mining Surge
Token mining activity in Iran is causing an energy consumption spike that is forcing the government ...

July 16, 2019

Thai Dental Clinic Accepts Payments in Electroneum (ETN)
A dental clinic in Thailand recently accepted payment in Electroneum tokens, in a sign of wider adop...

July 16, 2019

Malaysia’s VisionBanker Aims to Transform Eye Care via Blockchain Technology
The company is using facial recognition and distributed ledger technology to allow users to store ey...

July 16, 2019

Hong Kong Insurer Launches Blockchain-Based Solution to Process Claims
Blue Cross has become the first insurer in Hong Kong to employ blockchain technology to streamline i...

July 15, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us