Binance to Establish Blockchain Technology and Industry Research Institute in China

Binance, the world’s largest cryptocurrency exchange, is expanding its services into China – though not its traditional platform.

Rather, Binance has put together and launched a “Blockchain Technology and Industry Research Institute” in Lingang. The goal with this space is to create breakthroughs in blockchain technology, integrate it into AI and big data, among other emerging technology.

Speaking on the matter is the group’s leader, Helen Hai, in a blog post:

“Blockchain revolution will fundamentally alter the way we live, work, and relate to one another. Nevertheless, technology should work for people and it should lift humanity into a new collective and moral consciousness based sense of common destiny. Therefore, we must shape a future that works for all of us by putting people first and empowering them.”

Of course, this would also increase mainstream interest in blockchain technology and cryptocurrencies – something the industry is severely lacking as of now.

Also speaking on this is one Don Tapscott, the Executive Chairman of Binance’s Blockchain Research Institute, who had said:

“Blockchain represents the second era of the Internet – the Internet of Value — and can help us build more innovative and productive organizations. Research, education, and skill development are all critical to moving forward, and we look forward to collaborating with Lingang Blockchain Academy in helping achieve this transformation in China.”