The Chinese Academy of Sciences, the premier Chinese research institution, announced the creation of its Big Data and Blockchain Lab at a symposium on June 15. The lab will be used to study blockchain technology from a mathematical perspective and foster talent in the growing blockchain industry. According to a report from People's Daily, the lab will also "strive to make basic, critical and forward-looking contributions to enhance the overall technical level of blockchain development."
The announcement of the lab follows Chinese president Xi Jinping's May 28 address, delivered jointly to the Chinese Academy of Sciences and the Chinese Academy of Engineering, in which Xi stated:
"The new generation of information technology represented by artificial intelligence, quantum information, mobile communication, internet of things, and blockchain accelerate the breakthrough in application and have bred new life science fields represented by synthetic biology, gene editing, brain science, and regenerative medicine."
With the country's various crypto initiatives and projects, China remains a key player in the development of blockchain technology.
Translations by Google.