News & Achievements

PolyU - Monash University - Collinstar Capital Joint Lab on Blockchain and Cryptocurrency Technologies

In this rapidly changing society, blockchain technology and cryptocurrencies are an irreversible advancement that is disrupting established industries and the ways in which people interact financially. Under the signed Memorandum of Understanding in October 2017, PolyU, Monash University and Collinstar Capital joined effort to develop blockchain and cryptocurrency research and enhance both privacy and security in the post-quantum computing by establishing the first university-industry joint research laboratory on blockchain and cryptocurrency technologies in Hong Kong.

On 26 March, an opening ceremony of the joint lab was organised at PolyU. Dr David Chung, JP, Under Secretary for Innovation and Technology and Mr Tim Dillon, Commissioner - Greater China, State Government of Victoria Australia officiated the ceremony as Guests of Honour. Dr Chung said, “The advancement of Hong Kong as a leading blockchain development centre requires concerted efforts from the industry, academia and the Government. Positioning itself as the leading research and technology advancement centre in Asia-Pacific in the focused areas of blockchain and cryptocurrency, I am confident that the joint laboratory will help foster the development of these technologies in Hong Kong.”

Ir Prof. Alexi Wai, Vice President (Research Development) represented PolyU to speak at the opening. “By joining hands with Monash University and Collinstar Capital, we will continue to drive the advancement in blockchain ecosystem. We believe this collaboration will make influential change to the way of business and our living in the future.” 

Other distinguished guests included Prof. Mark Wallace, Deputy Dean (Research), Faculty of Information Technology of Monash University and Mr Jacob Cheng, Managing Director of Collinstar Capital. Dr Allen Au, Director of Blockchain Lab and Assistant Professor of COMP and Dr Joseph Liu, Director of Blockchain Lab at Monash University also shared the latest updates of Blockchain technology.

The PolyU - Monash University - Collinstar Capital Joint Lab aims to improve security and privacy for blockchain and cryptocurrencies and ultimately make the cyberspace a safer, more convenient and effective for business and financial services in a decentralised and transparent manner.