Blockchain Research Center To Be Established By China’s Tsinghua University

Blockchain, News | July 3, 2018 By:

Artificial intelligence (AI) firm ObEN has partnered with Tsinghua University’s PBC School of Finance (PBCSF) to build a blockchain research center.

Founded in 2014, ObEN is developing a Personal AI technology that aims to revolutionize personal digital interaction. The company’s technology allows users to create intelligent 3D avatars that look, sound, and behave like them. Deployed on the blockchain, ObEN’s Personal AI (PAI) technology enables users to create, use, and manage their own PAI on a secure, decentralized platform.

The PBC School of Finance, Tsinghua University’s 17th school, was founded in March 2012 as a joint venture between the University and the People’s Bank of China (PBC). It was built on the successes of the Graduate School of PBC, an esteemed school founded by the central bank in the early 1980s. PBCSF offers Ph.D. in Finance, Master of Finance, Dual-Degree Finance MBA, Finance EMBA, Global Finance GFD, and Executive Education programs.

Under the partnership, ObEN will donate $1 million to fund the establishment of the blockchain research center, which will be designed to break new ground in the areas of education and research, especially as it pertains to the financial sector. In addition to ObEN, other companies, including Tencent and Gao Rong Venture Capital, have also pledged $5 million over the next five years to support the initiative.

“ObEN is very pleased to join Tsinghua University PBCSF to form this new blockchain research center and advance the adoption, research, and application of blockchain technology,” said Adam Zheng, ObEN COO and co-founder. “China is a very important market for ObEN, and its citizens have been incredibly keen on the adoption of this new technology. Supporting research into the effective integration of blockchain from both a technology and policy perspective will have a positive effect for the blockchain industry worldwide.”

The blockchain research center aims to make PBCSF an incubator and knowledge center for the exploration of blockchain technology in China and beyond. It will support academic study, technology innovation, use case exploration and policy recommendation. The center will also host conferences and summits annually to connect key players within industry, government, and research with the aim to become an international knowledge hub for blockchain.

“As a foundational layer of infrastructure, blockchain has always been considered to have a wide range of applications in the financial industry,” Professor Li Liao, Executive Deputy Dean of Tsinghua PBCSF. “In the past one or two years, the application scenarios and feasibility of blockchain in the financial field have made great progress with continued exploration, especially as part of the real economy. On the other hand, blockchain faces many challenges in terms of security, transaction speed, capacity, scalability, and ecosystem construction that still need to be tackled.”