The China market 🇨🇳 has been elusive for crypto companies since the cryptocurrency trading ban imposed years ago. But, still, Binance moves its pieces in the Asian giant, and establishes a research institute focused on Blockchain technology.
Despite the global pandemic of the Coronavirus Bin, Binance does not stop for a second. It has also opted for a country in which it is practically impossible to do business with cryptocurrencies.
Since it not only has the borders closed due to being the country of origin of the virus 🦠, but it also has them towards cryptocurrencies.
That is why the world’s largest crypto exchange enters the Chinese market. But not as an exchange, but to promote a university, called “Research Institute for Blockchain Technology and Industry” in Lingang city in China 🇨🇳.
The faces of the Binance Institute
Binance enters the Chinese market with its non-profit subsidiary and focused on the educational part of Binance Academy.
“Lingang Blockchain Technology and Industry Research Institut will be Binance’s talent hub for Blockchain technology.”
The crypto company has expressed.
The institute will be focused on researching and developing technological advancements in Blockchain technology. In addition to accelerating the adoption of this technology in China and around the world. As well as the coupling of blockchain networks with other existing disruptive technologies, such as AI, Big Data and IoT.
Binance Institute will be run by Don Tapscott, as Honorary Dean. Which is a leading expert in the investigation of the impact of Blockchain technology on business and society.
Blockchain technology represents the second era of the Internet. The Internet creating value. And this can help us build new, more innovative and productive organizations. ”
The Dean expressed.
Furthermore, for him, research, education and development are fundamental points for Blockchain technology to advance and mature.
“We look forward to collaborating with the Lingang Blockchain Academy to help achieve this transformation in China.”
Don Tapscott closed his speech.
On the other hand, Helen Hai will be the head of Binance in Chinese territory. Well, for her, the revolution in Blockchain technology will fundamentally alter the way all humanity lives, works and relates.
“This is why we believe in Binance that technology must work and adjust to people to elevate humanity to a new common destiny based on collective and moral conscience.”
The institute bets on the future of China and the world
According to the stated objectives of the Research Institute for Blockchain Technology and Industry, the future must be for all humans, and this requires these technologies.
By establishing this institute through Binance Academy and local partners, it is hoped to build a pool of new experts. In addition to a leading research center in the field.
These leaders are expected to contribute to the development of the possibilities of the massification of Blockchain technology. Mainly focused on the industrial area, which represents the most important sector in China 🇨🇳.
The institute located in the city of Lingang, will use the Binance ecosystem, which is more than developed.
“We are committed to building the Blockchain industry in China, and boosting research and cultivating new talent within this important sector.”
Binance Institute is one of its many educational projects
Binance’s Research Institute for Blockchain Technology and Industry is the next step of the crypto exchange in the academic and research area.
Since, Binance Academy aims to continue supporting the research, development and application of Blockchain technology by different means, and in different parts of the world.
Through another subsidiary called Binance X, the crypto exchange supports developers in creating free and open source software to drive innovations in the crypto ecosystem.
Initiatives like Binance Labs and the recent Blockchain for India fund are reshaping the approach of incubator subsidiaries, by investing in Blockchain technology projects and startups.