Austrian Blockchain Multidisciplinary Research Center opens in Vienna
According to Cointelegraph, in coordination with the Austrian Research Promotion Agency (FFG), the COMET Center approved the Austrian Blockchain Center (ABC) in Vienna based on a November 29 press release.
The ABC involves 21 scientific research institutions, 54 companies, 17 relevant participants, and 16 international institutions and companies. According to the release, the research center will be multidisciplinary and focus on applications in the Internet of Things (IoT), finance, energy, logistics, and public administration.
Alfred Tauders, academic director and coordinator of the center and head of the Institute for Cryptographic Economics at the Vienna University of Economics and Business, said a multidisciplinary approach was “a necessary condition for comprehensive research.”
The center will conduct research and development in five different areas: cryptographic technology and security; cryptographic economic modeling and blockchain business applications; emerging industries and blockchain in manufacturing; data science methods for blockchain analysis and prediction; and legal and political impact.
Allegedly, the new research center will work in collaboration with other COMET centers and international blockchain initiatives. These centers are funded by the Austrian Ministry of Innovation and Technology and the Federal Ministry for Digital and Economic Affairs. ABC will also receive support from Lower Austria and Vorarlberg.
The Austrian government has been actively supporting blockchain initiatives and technology development. In September, the government will provide $1.35 billion in bonds on the Ethereum blockchain. At the time, Austrian Finance Minister Hartwig Loeger said the ministry was considering blockchain technology because it formed a “policy to focus on the economy.”
Earlier this month, the Austrian government backed a British cancer research company that uses blockchain in its work. Lancor Scientific has developed a device that detects multiple types of cancer, and records screening results through smart contracts on the blockchain. The company plans to open a research laboratory in Graz, Austria.
Source: Ziran
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