Top digital bank of China, WeBank has partnered with OpenNodes DLT platform by Singapore’s Infocomm Media Development Authority.
WeBank will provide the FISCO BCOS blockchain platform to Singaporean academics to innovate and build on through the new partnership.
The initiative seeks to offer the blockchain platform as an “innovation playground” to Singapore’s student communities to accelerate development in the field of DLT.
All innovations produced through the FISCO BCOS initiative are made available as open-source, as a requirement for participation in the program The program hopes to stimulate research into blockchain applications in the areas of supply chain and finance.
The following university are expected to participate in building with the FISCO BCOS platform:
Singapore University of Technology and Design
Nanyang Technological University
Singapore Management University
WeBank executive VP and CIO, Henry Ma said:
“We seek to spur the next-generation talents into building viable solutions using blockchain to serve the general public..Providing this open-source technology as a developer arena will also help us strengthen the stack of our technologies in the process while allowing for better products and services for the general public.”
WeBank and OpenNodes will host workshops and hackathons to drive awareness and engagement with the platform, and support development from the initiative.
FISCO BCOS is an open-source blockchain platform developed by the non-profit Financial Blockchain Shenzhen Consortium (FISCO) to foster DLT research and innovation through collaboration.
The platform’s development saw contributions from 20 top Chinese fintech firms and was established during 2016, before being open-sourced the following year.
Since its launch, FISCO’s membership has grown to over 100, including leading firms such as Tencent, Huawei, and WeBank.
Source: Cointelegraph | Image: Unsplash
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