Future FinTech and Xi’an Jiaotong University set up blockchain institute

By Leandra Monteiro

Future Commercial Group Co, a wholly owned subsidiary of Future FinTech Group Inc, a blockchain based e-commerce company and financial technology service provider, has collaborated with the School of Economics Finance of Xi’an Jiaotong University to set up a blockchain finance research institute.

Future FinTech and the School of Economics and Finance of Xi’an Jiaotong University will work in partnership to jointly establish the Blockchain Finance Institute, which will study and research on blockchain technology in the financial industry.

Furthermore, the Blockchain Finance Institute will establish a foundation in order to set up school-enterprise cooperation post-doctoral mobile stations as the next step. Both the parties will focus on the research of blockchain technology in banking, insurance, securities, futures, supply chain finance, digital payment etc.

The funds for the scientific research will be provided by FTFT and the Xi’an Jiaotong University will contribute in terms of scientific and engineering research personnel.

According to Mr. Shanchun Huang, the CEO of FTFT said, “Xi’an Jiaotong University is a comprehensive national key university with a history of 125 years. Its leading scientific research is outstanding in China, especially in mathematics, finance and computing. The cooperation with Xi’an Jiaotong University indicates that our company has taken the application research of blockchain technology to a new level. The development of our company’s blockchain technology has been on the right track gradually. Blockchain technology can solve the problem of customer fund security in the financial field. It can improve the speed and efficiency of banking, remittance and settlement, as well as the prevention of systematic risk from malicious short-selling in securities transactions. It can solve the problems which cannot be solved by traditional technologies. Our company will work with Xi’an Jiaotong University to explore more applications in the financial blockchain field, and to further promote the company’s research and development to the world’s leading level.”

Professor Fuyou Li, the director of the Institute of Financial System and Economic Policy, PhD supervisor of Xi’an Jiaotong University said, “As the independent director of the FTFT, I am very happy to build a bridge for the cooperation between the two parties. I believe the blockchain finance research institute will be an open platform. The two parties will actively carry out experiments of blockchain-related applications. Meanwhile, we will jointly build laboratories in the subdivisional fields of blockchain technology so that it can better serve economic development and benefit mankind.”