Blockchain Research Institute Attracts Extensive New Corporate Support

The Blockchain Research Institute, an academic research project established to investigate blockchain technologies, has received a further boost today, with confirmation of collaborations with over a dozen new members.

Among the new organizations signing up to support the project in its aims were FedEx, Tencent, the Ontario Ministry of Health, and Fujitsu.

The news will be seen as a big step forward for the Blockchain Research Institute. Founded in March by Alex and Don Tapscott, the institute is now working on over 70 different blockchain projects.

Drawing a combination of expertise from over 50 developers and analysts, the group has already helped corporate partners and startups to explore the possibilities of blockchain technology across a range of industry use cases.

The new members signing up to the Canadian project also included the likes of the Depository Trust & Clearing Corporation (DTCC), Bell Canada and mining firm Barrick Gold, reflecting a broad range of industries that could stand to benefit from blockchain applications in future.

Other newly joining members include Capgemini Canada, Cimcorp, the Institute on Governance, KPMG LLP, MKS Switzerland, Loblaw Companies, Interac and Moog.

Tencent’s blockchain lead, Ray Guo, said the organization was helping usher in a new era of blockchain technology, and that partners of the Blockchain Research Institute stood to benefit significantly from ongoing research in the field.

“Blockchain Research Institute provides a great platform for Tencent and other members of the institute to carry out blockchain research and discussion, which is of great significance to Tencent and the industry. We believe that the blockchain+ era is coming!”

Blockchain applications are thought to hold potentially significant savings and efficiency gains for companies and organizations across a huge range of sectors, including finance, agriculture and extraction, shipping, telecoms and automotive industries.

Relying on decentralized, distributed ledgers to automatically record data, the nascent technology is held in high regard across the sectors, and a key focal point for research and development resources.

The institute has already published several reports on blockchain applications in different use cases, and now looks set to continue its work in establishing how companies across various sectors can put the technology to work.