Hong Kong University Receives $20 Mln to Explore Blockchain’s Influence on Electronic Payments

  • Alex Dovbnya
    📰 News

    Hong Kong bets big on Blockchain


Hong Kong University Receives $20 Mln to Explore Blockchain’s Influence on Electronic Payments

Hong Kong's HKUST Business School, which is constantly ranked as one of the world’s biggest economic powerhouses, was granted $20 mln to explore Blockchain-based payment applications as a part a large research project on e-commerce. By capitalizing on Blockchain, Hong Kong wants to solidify its status as a global financial center. The aforementioned research will be conducted in a tight partnership with two other Chinese universities. Back in July, Hong Kong has also made an announcement about introducing a Blockchain-based finance platform in September in order to boost the local banking industry by increasing automation and improving processing time.

Cover image via u.today
Only the most important posts per day. Infographics, analytics, reviews & summaries. Follow us on Facebook!

About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings