Author: Gan Jia Ci
In a bid to enhance academic research of innovative technology for the industry, Korea University has partnered up with the Huobi’s South Korean subsidiary, Huobi Korea, for a “industry academic” collaborative effort in blockchain development.
Based on a report by Seoul Daily on 12 June, Security Professor Kim Hyung Jung, the head of Korea University’s Cryptography Centre in Graduate School of Information, declared that the objective of the partnership is to “conduct empirical research not only on [the] academic aspects of blockchains, but also on realistic applications through cooperation with Huobi Korea”.
Founded in 2013, Huobi officially launched the Korean subsidiary in March that facilitated trading of 100 cryptocurrencies in 208 markets. Not only that, Huobi Korea also offered a fund and program to protect investors to get compensation quickly during losses that were beyond their control.
The CEO of Huobi Korea deems the collaborative effort as an approach to “expand the base of domestic blockchain technology research and technical education” and stated that they wish to be a reformed technology company through promoting this industry-university collaboration.
In June, Huobi also reportedly teamed up with Chinese and South Korean firms to launch an investment fund aimed at facilitating the growth of blockchain startups and encouraging collaboration among them.