As Bitcoin is expanding in China, Bitcoin companies are trying to improvise the infrastructure and offer better solution for their customers. Towards this, Chinese Bitcoin exchange platform Huobi, has announced a new collaboration with Tsinghua University. The two organizations will be working on new “Digital Asset Research Initiative.”
Nonetheless, the research collaboration was finalized today at the Wudaokou School of Finance in Beijing in a ceremony that marks the debut of a long-term research initiative that will be jointly conducted by finance and technology experts from Wudaikou School of Finance, and Huobi, the official sponsor of the project.
China has lately become epicenter of Bitcoin activities as various estimates show the country has been receiving a lot of Bitcoin recently. A major chunk of Bitcoin is coming to China; however, it is the scope that the companies involved in Bitcoin business that is propelling a demand for new research in the field.
The understanding between the two organizations regarding the research has also been finalized. The scope of the research will essentially be focused on understanding how digital innovation is transforming the financial and economical landscape. The researchers will also be predicting the future impacts and trends of relevant innovations.
Nonetheless, as Tsinghua University, a research university and one of the top institutions of higher education in Mainland China, has produced some notable graduates, it has huge potential to bring in concrete results under this research. Two Nobel Prize in Physics winners, Tsung-Dao Lee and Yang Chen Ning come from the same university.
Committed for New Research and Development
However, it is the politicians that have made to the highest levels in China. Some renowned alumni of the university include former General Secretary, President Hu Jintao, and the current Party General Secretary Xi Jinping. The university has 19 schools and 55 departments, among which the Wudaokou School of Finance is known globally.
It is also known as the PBC School of Finance, an educational establishment founded in 2012 as a joint venture between the University and the People’s Bank of China. Wudaokou School of Finance’s new collaboration with Huobi is yet another sign of the University’s keen interest in digital currencies and block chain technology.
On the other hand, Huobi is one of the world’s leading Bitcoin exchanges. Regarding the partnership it says that it is committed to promoting the healthy growth and development of Bitcoin in China and around the world.
To contact the reporter of this story: Deepak Tiwari at email@example.com