Singapore universities incorporate Blockchain

WeBank , China's leading digital bank , will drive innovation and development of distributed ledger technology (DLT) at Singapore universities alongside the OpenNodes blockchain platform .

Through the FISCO BCOS platform , the bank hopes to stimulate research in blockchain applications for supply chains and the financial sectors. All innovations produced in the program will also be available as open source .

FISCO BCOS will bring together students from students at Singapore University of Technology and Design , Nanyang University of Technology, and Singapore Administration University .

"We seek to stimulate talents of the next generation to build viable solutions using blockchain to serve the general public," said Henry Ma , executive vice president and chief information officer at WeBank. In addition, he assured that the new project will help the agency to strengthen its technologies in the process , while allowing better products and services to be provided to the general public.

Based on the new partnership, WeBank and OpenNodes will organize workshops and hackathons together to raise awareness and create a commitment to the platform and support its development.

The platform was developed and established during 2016. It initially had contributions from the top 20 fintech companies in China . The following year it became open source, and its membership grew to more than 100 firms , among which Tencent, Huawei and WeBank stand out.