Hong Kong University Will Develop Blockchain
According to the China News, the Hong Kong University of Science and Technology received $20 million in grants to improve the security and capabilities of electronic payment systems using blockchain technology.
In addition to improve the security of electronic payments, the parties will also explore the use of block technologies and discuss how to make Hong Kong a global center of financial technology.
It was an honor to present to 150+ students at Hong Kong University of Science & Technology on why the adoption of Bitcoin & the blockchain matters not just in terms of price, but also the well-being of the global economy. https://t.co/gReYCwbEnE pic.twitter.com/KeoVmhjCaY
— One Block (@oneblockcapital) 6 grudnia 2017
In 2017, the Hong Kong Government announced plans to establish a trade finance system based on the principle of the blockchain, to reduce, i.e., frauds.
This year, more and more companies decide to invest their funds and time to focus on a blockchain technology. As we wrote earlier, car manufacturers are incredibly interested in blockchain to develop safer cars or cars which give a better driving experience. Also, Walmart decided to invest in blockchain which, they say, will reduce waste and save time during food transport.
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