Fudan University in China has decided to setup a blockchain research center in Shanghai. The said university is one of the top-ranked institutes in the country.

According to the announcement, Shanghai Zhongren Information Technology Co, Ltd and Zhongan Online Property Insurance Co, Ltd will collaborate with Fudan University in order to establish the Shanghai Blockchain Engineering Technology Research Center.

The main goal of this initiative is to carry out fundamental level research on blockchain technology. Moreover, the center will provide essential talent training in demonstrating the utility of using blockchain technology in both existing and new systems. It is expected that the center will contribute towards the development of Shanghai economy and help in maintaining sustainable growth and development of the crypto sector there.

In order to promote research in crypto sector, other Chinese universities are offering special scholarships. Recently, the Blockchain Technology Research Scholarship Program (BRSP) was announced by the Institute for Fintech Research at Beijing’s Tsinghua University (THUIFR) in collaboration with Ripple. The program will allow top-notch Chinese graduate students to conduct research regarding international blockchain regulations and its impact on industrial development.

Furthermore, Ripple’s global University Blockchain Research Initiative (UBRI) was joined by the Chinese Institute for Fintech Research (Tsinghua University) earlier in February. Ripple launched the initiative back in June 2018. The aim of this initiative is to promote innovation, academic research and technical advancement in the crypto sector.

 

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