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The Austrian government supports a UK cancer research company that uses the blockchain to detect the disease as part of its drive to promote technology, a press release shared with Cointelegraph confirms November 10th.
Lancor Scientific, which has developed a device to detect different types of cancer and record the results of screening with smart contracts on blockchain, plans to open a research laboratory in the city of Graz.
As the Google Lymph Node Assistant, the cancer screening tool released in October using Artificial Intelligence (AI), Lancor Scientific's offering aims for 90% accuracy.
Lancor will also work with local universities including the Technical University of Graz, the Graz Medical University and the Sigmund Freud University in Vienna on international research projects, the press release said.
Commenting on the partnership, Margarete Schramböck, Austrian Minister for Foreign Affairs, highlighted blockchain as an area of considerable interest at the state level.
"Blockchain is definitely one of the important new technologies," he said, adding:
"In addition to artificial intelligence and speech recognition, it is one of the big issues we want to highlight in the coming period of the EU presidency."
The press release notes that the Austrian government will grant Lancor scientific scholarships for a period of five years for facilities, "research equipment, access to academic skills and management of clinical trials".
Traditionally, Austria has sought to promote the innovation of both blockchain and cryptocurrency while remaining open to experimentation with legislation.
The capital, Vienna, has seen various attempts to raise public awareness of the phenomenon, including a "bank of cryptocurrency" in 2017.
Earlier this month, Germany's position change near Bitcoin (BTC) saw a casino ship based in Munich in the country's first Bitcoin ATM over several years over the border with Austria.
Meanwhile, in September, the government moved to issue $ 1.35 billion in bonds on the Ethereum blockchain (ETH).
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