Qtum Partnering with 360 Finance to Form China’s Inaugural Blockchain Laboratory

Jan 09, 2018


The Qtum Foundation announced that it will join forces with 360 Blockchain Research Center, and the BTN Foundation to form China’s first-ever blockchain technology laboratory, as part of the efforts to promote the development and commercialization of blockchain technology.

For the past 2 years, the hype had been on the disruptive nature of blockchain. A FTI survey done in 2016 revealed that 90% of financial institutions had strong awareness of blockchain. The intensive mainstream media coverage, as Bitcoin soared by an astounding 1,324% last year, had also embedded the potential of blockchain into most businesses and the members of the public.
 
As blockchain moved from an indie project into the mainstream this year, Qtum--the blockchain project created to facilitate the interoperability of cryptocurrencies such as Bitcoin and Ethereum--is moving beyond the hype to working with strong partners to build solid commercial use cases for blockchain in 2018. The Qtum Foundation, 360 Blockchain Research Centre and BTN Foundation had signed a Memorandum of Understanding (MOU) to form a central blockchain laboratory in China.
 
This laboratory is the first of its kind in China and will combine the expertise of all the three parties into a single cohesive, and efficient entity to take on the challenges of monetizing blockchain development. The purpose of the laboratory is to research on the development of decentralized ledger technologies. Blockchain applications that are targeted include but not limited to next generation of smart-contracts virtual machines, smart contracts security and formal verification, new consensus models, blockchain software security, blockchain and internet security, decentralized storage and computing technology.
 
 (btn.kim, qtum.org/en/)