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2 December 2018 at 19:30
| updated:
2 December 2018 at 20: 49 & nbspUTC
The construction of a blockchain center, the Austrian Blockchain Center was approved by the COMET centers, according to a press release dated 29 November. ABC will involve 21 scientific institutions, 54 companies, 17 associated participants and 16 international institutions and companies and will focus on Cryptography, Technology and Securit; Cryptoeconomic modeling and blockchain for businesses; Emerging industries and blockchain in production; Data Science methods for Blockchain Analytics and forecasts and legal and political implications. According to reports, the research center will be multidisciplinary and will focus on the Internet of Things (IoT), finance, energy, logistics and applications in public administration.
Academic director and coordinator of the center, Alfred Taudes, who is also the head of the Research Institute for Cryptoeconomy at the University of Economics and Commerce of the University of Vienna, said that a multidisciplinary approach is "necessary for a complete search".
An interdisciplinary approach is necessary for in-depth research and use of blockchain technology, which is why the ABC partners of many different disciplines work together. The center is a great opportunity for Austria to stay in touch with the high-tech giants in the US and Asia in this promising industry.
They will work in collaboration with other COMET centers and international blockchain initiatives and will be financed by the Austrian Ministry of Transport, Innovation and Technology and the Federal Ministry for Digital and Economic Affairs. The center will also examine the possibilities of using the unique blockchain record keeping capabilities, in a number of applications, including corporate accounting and auditing, as well as cross-border capital market transactions. Live Bitcoin News He previously reported on how Stellar and Ripple are helping financial institutions to simplify their remittance processes with disruptive technology.
This is not the first step in the country in the field of blockchain technology. The Austrian National Tourism Office (ANTO) has previously collaborated with a blockchain-based platform in an effort to combat advertising fraud and reduce costs.
The Austrian government has supported quite the blockchain technology development initiative. Austrian Finance Minister Hartwig Loeger once said that the ministry was considering blockchain technology as a "focus on economic policy".
Rishma Banerjee
Rishma is currently pursuing a degree in International Relations and has a special place in her life to sift through all sorts of random curios, thank you very much.
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