Place/Date: Hong Kong - October 12th, 2021 at 7:45 pm UTC · 5 min read
Contact: Kani CHEN, Source: Crypto Fintech Laboratory
The Crypto-Fintech Laboratory of HKUST Big Data Institute (BDI) and BTC.com announced a strategic collaboration to leverage the complementary advantages of its research and academic strengths as well as solid industry experience to work together to explore cutting-edge financial technologies.
This collaboration covers multiple areas including provision of industry data, research, academic exchange, and internship opportunities for nurturing technology talent. Being a leader in the field of blockchain and digital currency, BTC.com will provide development support and data interfaces for scientific research and entrepreneurial projects of the laboratory, based on its accumulated years of experience. Both parties will use their respective strengths and combine its scientific research capabilities and industry experience, striving to solve some key challenges in blockchain. In addition, both parties will have regular exchanges to share experiences and research achievements to solve the difficult problems in the industry. Academic papers will also be published to share the research findings and outcomes.
Since its establishment in 2019, the Fintech and Crypto Laboratory of HKUST has introduced various types of courses, covering blockchain, smart contracts, NFT and Metaverse. In 2021, the laboratory began to develop the decentralized finance field, incubating projects such as the Degis insurance platform, robo-advisors, and liquidity management. The laboratory has also established extensive cooperation with various pioneers in the industry.
BTC.com is one of the native armies of the blockchain industry. Established in 2015, the BTC.com team started with industry infrastructure construction, for example block explorers, and expanded to establishing new standards in various subdivisions, such as wallets, mining pools, market quotations, and information. Until September 2021, September, BTC.com has provided services to users in more than 200 countries and regions around the world, and the number of monthly visitors to mining pools and browsers has exceeded 6 million.
To promote the development of the community, attract more outstanding developers to participate and contribute, BTC.com open-sourced the mining protocols and other services’ code to Github since its launch.
The partnership comprises two parts, industry data sharing and talent exchange. As the world’s leading data service provider and technical solution provider in the field of blockchain and digital currency, BTC.com will provide full-process development support and data interfaces based on its years of industry experience and professionalism. BTC.com CEO Eva Meng said:
“Unlike previous corporations and initiatives, we believe this partnership benefits society at a fundamental level. The blockchain and crypto industry is advancing too fast for people to comprehend and digest. It is time that we carefully bring up the hypothesis, analyse and verify our practices. We are proud to take this step forward, exploring the future of finance is a systematic way.”
The Hong Kong University of Science and Technology’s Fintech and Crypto Laboratory was founded by the Vice-Presidents of Hong Kong University of Science and Technology, Professor Wang Yang, Professor Chen Ka’ni, Professor Zhang Jiheng, etc. The members include not only financial industry practitioners such as Morgan Stanley, CICC, and Hongliang Research, but also from PhD, postgraduates and undergraduates students in the fields of mathematics, computer science and finance at HKUST. Regarding this cooperation, Professor Wang Yang, the vice president of Hong Kong University of Science and Technology, said, “We chose to cooperate with BTC.com mainly because of their rich experience and influence in the industry. With the addition of this powerful partners, I believe that in the future, the laboratory will make more contributions to the blockchain field in terms of talent training, related research and project development.”
Crypto-Fintech Laboratory was founded by Prof. Yang Wang, Vice-President for Institutional Advancement of HKUST, Prof. Kani Chen, Director of Crypto-Fintech Laboratory and Professor of Department of Mathematics of HKUST, Prof. Jiheng Zhang, Professor of Department of Industrial Engineering and Decision Analytics and Department of Mathematics of HKUST, Prof. Lei Chen, Director of BDI and Chair Professor of Department of Computer Science and Engineering of HKUST, etc., aiming to explore cutting-edge financial technologies. Since its establishment in 2019, various types of courses have been organized, covering blockchain, smart contracts, NFT, and metaverse. In 2021, the laboratory starts developing decentralized financial projects and incubating projects such as the insurance platform Degis, ORG Robo-advisor, and liquidity management. The laboratory has also established extensive network and collaboration with pioneers in various fields in the industry.
BTC.com is the world’s leading blockchain and mining pool business brand under BIT Mining Group (NYSE: BTCM). Since its establishment in 2015, BTC.com has been deeply cultivated in the blockchain industry for more than 6 years, specialized in building industry infrastructure with new standards established. Specifically, BTC.com has developed the blockchain browser which has become the world’s top blockchain browser to facilitate users to view information on the chain in real-time. In 2016, BTC.come wallet was created to solve users’ concern regarding the digital asset storage and attracted more than 1 million++users from worldwide. In the same year, BTC.com mining pool was also created while observing the mining requests of miners not being served well. It is also the world’s top comprehensive large mining pool. Furthermore, the BTC miners agent tool was developed and occupied with more than 90% market share in 2018, follow by providing BCH, ETH, LTC multi-currency mining services in 2019. During the past 6 years, BTC.com was also the first pool which open source on Github, and firstly introduced FPPS Payout mode that has been used by more than 95% mining pools. Up to now, BTC.com has served more than 100,000 miners in about 200 countries and regions around the world, and produced digital currency over 10 billion U.S. dollars in terms of the cumulative value. The BTC.com is operated globally, and team members are from top Internet companies, senior blockchain industry personnel and the economy field, especially in product and technology development. In the future, we will continue to iterate innovative products and services, to become an indispensable cornerstone of the blockchain technology infrastructure.