Coindesk Logo

National Chinese Science Academy Launches Blockchain Lab

National Chinese Science Academy Launches Blockchain Lab

National Chinese Science Academy Launches Blockchain Lab

China's federal science institution, the Chinese Academy of Sciences, is eyeing blockchain technology, the school announced this week. 

China's federal science institution, the Chinese Academy of Sciences, is eyeing blockchain technology, the school announced this week. 

China's federal science institution, the Chinese Academy of Sciences, is eyeing blockchain technology, the school announced this week. 

AccessTimeIconJun 21, 2018, 7:00 AM
Updated Aug 18, 2021, 9:21 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

China's federal science institution, the Chinese Academy of Sciences, is taking part in a new research effort around blockchain.

The highest academy for science in China said it had established a new "Big Data and Blockchain Lab" during a seminar on June 15, according to People's Daily, the state-run media outlet. The lab, which is being launched in collaboration with Beijing-based blockchain startup Tai Cloud Corp, will focus on "the relationship between blockchain technology and mathematics."

Xiaoshan Gao, the deputy director at the center for mathematics and interdisciplinary sciences in CAS, said at the seminar that he believes the mathematical methods will play a "key" role in many core issues in blockchain technology.

The lab, which was launched not long after Chinese President Xi Jinping endorsed blockchain technology at the annual academic conference hosted by CAS last month, is the newest move by the academy in the area of blockchain.

As previously reported by CoinDesk, the academy announced it was looking at the development of a platform that could "simultaneously support public, private and consortium blockchains" earlier this year.

Beijing landscape image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.