Hong Kong universities receive $ 20 million for fintech and blockchain research
Major University Gets $20 Million For Researching Fintech And Blockchain
The issuance of a grant of $ 20 million, according to the Hong Kong authorities, will bring them closer to a leadership position in the study of blockchain and fintech.
Hong Kong’s aspiration to become a leader is borne out by the material equivalent. China News Says $ 20M Allocated to Several Local Universities for Research and Development of Blockchain-Based Payment Systems.
The Hong Kong budget annually distributes grants to this year The Hong Kong University of Science and Technology (HKUST) has been allocated funds to improve the security capabilities of existing payment systems. HKUST will work in conjunction with the Chinese University of Hong Kong, the University of Hong Kong and the City University of Hong Kong.
Educational institutions are expected to provide a detailed presentation in the near future, highlighting the possibilities of transforming Hong Kong into a financial technology hub. Special attention should be paid to the growth of the blockchain sector and the creation of technology-related projects of the future.
The research work will be headed by Professor Tang Jiayin. One of his economically successful papers was a talk on the stabilization of Hong Kong’s strategic position as a business hub. Also, the professor is one of the leading experts in the field of blockchain.
It is known that Hong Kong banks were invited to participate to improve performance. It is worth noting that special emphasis was placed on the blockchain, since the Hong Kong authorities are confident that the use of technology will reduce the level of fraud in the financial field, while increasing the efficiency and transparency of settlements..
Earlier we figured out why analysts believe, that the UK has every chance of becoming a leader in the crypto industry.