Binance Establishes a Blockchain Research Institute in China

Siamak Masnavi

Binance Academy, the non-profit educational arm of crypto exchange Binance, which had its beta launch in August 2018, announced on Sunday (March 29) that it has established a blockchain research institute in Shanghai, China.

Binance says that Lingang Blockchain Technology and Industry Research Institute (aka "Lingang Research Institute") will be "the hub for blockchain talent, shaping for breakthroughs in blockchain technology, and accelerating the application of blockchain technology through integrations with artificial intelligence (AI), big data, the Internet of Things (IoT), and other cutting-edge technologies."

Helen Hai, who is leading this initiative, had this to say:

"Blockchain revolution will fundamentally alter the way we live, work, and relate to one another. Nevertheless, technology should work for people and it should lift humanity into a new collective and moral consciousness based sense of common destiny.

"Therefore, we must shape a future that works for all of us by putting people first and empowering them.

"In establishing the Lingang Research Institute with our local partners, Binance Academy endeavors to build a leading think tank and research hub that contributes to large-scale developments in blockchain technology to further the growth of the industry.

"Leveraging Binance’s blockchain ecosystem and industry resources, we are committed to building the blockchain industry, driving blockchain research, and cultivating top blockchain talent.” 

Don Tapscott the Canadian business executive, author, and consultant, who is the CEO of the Tapscott Group and the Co-Founder and Executive Chairman of the Blockchain Research Institute (BRI), will have the title of "Honorary Dean" at Liang Research Institute.

Tapscott said:

"Blockchain represents the second era of the Internet – the Internet of Value -- and can help us build more innovative and productive organizations. Research, education, and skill development are all critical to moving forward, and we look forward to collaborating with Lingang Blockchain Academy in helping achieve this transformation in China."

Featured Image by "756crystal" via Pixabay.com