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Mar 31
2020
Binance Academy Establishes Blockchain Technology and Industry Research Institute in China

Binance Academy, the non-profit educational arm of Binance, today announced it had established a blockchain research institute in China.

Lingang Blockchain Technology and Industry Research Institute (Lingang Research Institute) will be the hub for blockchain talent, shaping for breakthroughs in blockchain technology, and accelerating the application of blockchain technology through integrations with artificial intelligence (AI), big data, the Internet of Things (IoT), and other cutting-edge technologies.

“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,” said Helen Hai, leading this initiative at Binance. “In establishing the Lingang Research Institute with our local partners, Binance Academy endeavors to build a leading think tank and research hub that contributes to large-scale developments in blockchain technology to further the growth of the industry. Leveraging Binance’s blockchain ecosystem and industry resources, we are committed to building the blockchain industry, driving blockchain research, and cultivating top blockchain talent.” 

Don Tapscott, Executive Chairman of the Blockchain Research Institute and a leading authority on the impact of technology on business and society, will act as the Honorary Dean of Lingang Blockchain Academy under the Lingang Research Institute. 

“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," said Tapscott.

With a focus on blockchain research and education, the Lingang Research Institute will provide resources to support industry and academic research, as well as foster blockchain talent and provide professional development courses, technical and enterprise skills training, and consulting services.

The Lingang Research Institute is the next step as Binance and its Academy division aim to support blockchain technology research, development, and applications globally. Through its Binance X arm, Binance supports developers in creating free and open-source software to drive innovations in the blockchain ecosystem. Initiatives such as Binance Labs and the recent Blockchain for India fund are reshaping the approach to incubating and investing in blockchain projects and startups.