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

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.

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Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.