The Chinese Academy of Sciences has established a blockchain laboratory

The Chinese Academy of Sciences has established a blockchain laboratory


According to the Chinese edition People’s Daily, on June 15, the Chinese Academy of Sciences (CAN) during the seminar said that together with the Beijing blockchain-starter, Tai Cloud Corp has established a new “Large Data and Blockchain Lab”, which will focus on “the relationship between the technology of blockchain and mathematics.”

Xiaoshan Gao, deputy director of the Center for Mathematics and Interdisciplinary Sciences at the University of California at the same seminar, said that, in his view, mathematical methods play a “key” role in many of the fundamental problems of blockchain technology.

This laboratory, established shortly after China’s chairman Xi Jinping approved the blockchain technology at the annual scientific conference that the KAN conducted in May, is not the first step of the CA toward the blockchain. Earlier this year, the academy reported that it was about to develop a platform capable of “simultaneously supporting both public and private blockchains, as well as blockchains belonging to the consortium.”

The fact that China may have big plans in the area of  blockchain, despite the last year’s ban on trade in cryptocurrencies, it became clear in late May, when Xi Jinping acknowledged during the speech that blockchain has the potential to first publicly support emerging technology.

“From the very beginning of the 21st century, the new round of the industrial revolution has dramatically changed the global economic landscape … artificial intelligence, Internet of things and blockchain are constantly making breakthroughs in the solution of applied problems,” he said then, adding that China should stimulate research and development of technological infrastructure.

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