The launch of Europe’s first blockchain research facility is in today’s cryptocurrency news. This is the first dedicated facility with the most advanced technology based in Edinburgh, Scotland.
Blockpass Identity Lab is a pioneer in blockchain researching that will focus on finding new ways in which the blockchain technology can be applied while protecting all personal data. This laboratory is a part of the Edinburgh Napier University and is a collaboration with a Hong Kong-based identity application company that is, of course, blockchain-based.
Both of the labs signed a three-year partnership with more than $200.000 in funds in order to support the research staff which is mostly consisted of Ph.D. students. They will mostly focus on protecting identity and build new infrastructure that will respect the privacy and consent of the users.
“This exciting work to explore how blockchain technology can protect personal data from online scammers and hackers carries on the tradition of innovation and excellence exemplified by John Napier,”
says Kate Forbes, the Scottish Minister for the Digital Economy.
Before the launch of the research facility, there will be a conference held about advanced cryptography and digital identity. Also, there will be a hackathon where users must develop prototype apps that will focus on digital identity.
This research is extremely important since there’s so much attention focused on data breaches mostly in the United States and companies that are based there such as Yahoo and Equifax. Also, most of the victims of identity theft are from the United States and Europe where Blockpass Identity Lab will be based.
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