The Lab Receives HK$3 Million Donation from Digital Blockchain Technology Limited to Develop Blockchain Technologies

Jul 19, 2018

The lab recently received a donation pledge of HK$3 million from Digital Blockchain Technology Limited. In appreciation of the donor’s generosity, the University held a recognition ceremony yesterday (18 July). Officiating at the ceremony were Mr Li Feng, Chief Executive Officer, Mr Huang Xiang, Chief Technology Officer, and Ms Zou Wenjing, Chief Marketing Officer, from Digital Blockchain Technology Limited, together with Professor Roland Chin, President and Vice-Chancellor of HKBU.

According to the strategic cooperation framework agreement signed by the two parties, the donation will be used to establish a partnership in the areas of blockchain technology development, data sharing as well as talent training. This included the establishment of a Blockchain and FinTech Laboratory at HKBU in support of the teaching and research work of the Department of Computer Science on blockchain technology.

Prof. Xu Jianliang and Dr. Chu Xiaowen, Acting Head and Associate Professor respectively of the Department of Computer Science, attended the ceremony. Other HKBU representatives included Professor Rick Wong, Vice-President (Research and Development); Mr Yeung Chee-kong, Associate Vice-President (Engagement); Professor Michel A Van Hove, Acting Dean of Science; and Mrs Lily Chan, Director of University Advancement and Secretary-General of the HKBU Foundation.

Digital Blockchain Technology Limited is a renowned blockchain company in the industry. It is committed to the fundamental research as well as real-world applications of blockchain technology. Its research and development team is one of the pioneers in the design of ASIC chips for blockchain technology. The company is now developing a new blockchain technology that can harness the huge computing resources used for mining cryptocurrencies to support practical applications such as AI and scientific problems.