Klaytn leads the world’s largest blockchain research center program in collaboration with leading universities KAIST and NUS
SINGAPORE, August 8, 2022 /PRNewswire/ — Klaytn, the leading Layer 1 blockchain in Asiaannounced its selection from the Korea Advanced Institute of Science and Technology (KAIST) and the national university of singapore (NUS) to host and operate its Blockchain Research Center (BRC) program. The announcement was unveiled during Korea Blockchain Week by Dr. Sangmin Seodeputy director of the Klaytn Foundation during his August 8 speech “The Technology Layer for Tomorrow’s Metaverse”.
BRC is a virtual research institute that aims to advance cutting-edge blockchain technology research, deepen blockchain capabilities, and support industry growth. With a $20 million Klaytn’s funding commitment over the next four years, BRC is the largest blockchain research center program in the world to date by known funding size.
With day-to-day operations led by a global research team, led by KAIST and NUS researchers as directors, the BRC will operate in an open source manner, where research conducted will be publicly disclosed in the form of research articles or open source software. External researchers may also participate in ongoing research projects or submit their own proposals. The BRC will share knowledge and research findings through community outreach efforts – from conferences to workshops – to further Klaytn’s vision of contributing to the blockchain community.
Doctor Sangmin Seorepresentative director of the Klaytn Foundation, said, “In line with Klaytn’s vision to be the bridge from Web2.0 to Web3.0, bringing together the latest blockchain discoveries between the research community and industry leaders industry is essential for successful real-world applications in DeFi or the metaverse. Through our BRC program, in collaboration with thought leaders from KAIST and NUS, we are excited to take the next step to bring our vision to life. »
As part of the selection process, interested research institutes and consortia were required to submit a proposal outlining the planned operating model and organizational structure for the BRC, detailed plans for research and outreach activities, and the business model. evaluation of suggestions to measure the progress of the BRC.
7 proposals from 62 research institutes from 11 countries were received. Through a three-round selection process, proposals were evaluated and scored by Klaytn’s Governance Council and third-party experts based on their operational proficiency, as well as execution of research and engagement plans. community. With the highest score, the research consortium of KAIST and NUS was chosen to direct the operations of the BRC.
Doctor Neo YiuHead of Technology Advocacy at the Klaytn Foundation, said, “We look forward to seeing the Blockchain Research Center develop new research capabilities for blockchains, foster global collaboration, and expand Klaytn’s research contribution to the Web3 community and to the blockchain/distributed ledger (DLT) technology industry.”
According Coindesk University Rankings 2021 for BlockchainNUS and KAIST are among the top 30 out of 230 universities in the world, ranking 1st and 26th respectively. Overall, NUS landed the top spot due to its multiple blockchain research centers, companies, partnerships, and conferences, as well as its Masters program in Digital Financial Technology.
The KAISTThe /NUS research consortium is led by Dr. Min Suk KangAssistant Professor, School of Computer Science, KAIST and doctor Prateek Saxena, Associate Professor, School of Computing, NUS, who both have extensive blockchain research experience. They will work closely with an international team of principal investigators from six other universities – UC Berkeley, princeton university, Georgia Institute of Technology, Northern Arizona University, Yonsei Universityand Carnegie Mellon University – conduct BRC research and outreach activities.
Dr Saxena said: “The BRC will deepen the foundations of research into blockchain designs and applications. Together with Klaytn, we are excited to collectively create an international platform for impactful research and to advance the global discourse on blockchains. We are thrilled that researchers from 8 leading international universities have come together for this common purpose, creating a unique initiative in the blockchain space.”
Dr. Kang said, “Our world-class blockchain researchers at the Blockchain Research Center will contribute to the seven pillars of blockchain research: consensus, privacy, network, smart contracts, DeFi, economics/ethics, and metaverse. “Massive adoption of blockchain technology, cross-pollination of ideas is essential. Through the BRC, we look forward to fostering research and industrial collaborations with like-minded participants around the world.”
More information about the Blockchain Research Center can be found here.
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About the Klaytn Foundation
The Klaytn Foundation is an entity established in Singapore for the decentralization and growth of the Klaytn network. He is responsible for the stable operation of the Klaytn network and various implementations for the development of the Klaytn ecosystem.
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About Korea Advanced Institute of Science and Technology (KAIST)
KAIST is Korea’s first and best science and technology university. It was established in 1971 by the Korean government to train scientists and engineers committed to industrialization and economic growth in Korea. Since, KAIST and its graduates have been the gateway to cutting-edge science and technology, innovation and entrepreneurship. Following its phenomenal growth over the past 50 years, KAIST has been recognized as the most innovative university in Asia (2016-2018) and Top-4 young universities in the world (2019). To KAISTfive colleges, seven schools, 13 graduate schools, and 27 departments offer a wide range of highly regarded degree programs as well as interdisciplinary majors.
KAIST leads innovation by identifying pressing global issues and solving challenges to solve those issues. Currently, there are 152 institutes and research centers in KAIST. Cutting-edge research spanning a broad base from AI to sustainability translates their inventions to solve pressing problems around the world. KAIST has engaged in a wide range of science and technology R&D projects since its founding. KAIST has become an R&D powerhouse in Korea, operating $340 million research funding (from government and industry) in 2020.
Accelerate the journey from idea to impact, KAIST was the birthplace of startups in Korea. KAIST produced the first generation of business start-up pioneers, starting in the 1980s. From the 1990s, KAIST alumni have taken the helm, leading the computer industry in Korea and beyond. In 2019, 1,892 KAIST alumni companies have been founded with their net worth exceeding $20 billion.
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About national university of singapore
The national university of singapore (NUS) is that of Singapore flagship university, which offers a holistic approach to education, research and entrepreneurship, with an emphasis on Asian perspectives and expertise. We have 16 colleges, faculties and schools spread over three campuses in Singapore, with more than 40,000 students from 100 countries who enrich our vibrant and diverse university community. We have also implemented our NUS Overseas Colleges program in over 15 cities around the world.
Our multidisciplinary and hands-on approach to education, research and entrepreneurship enables us to work closely with industry, government and academia to solve critical and complex issues related to Asia and the world. Researchers from our faculties, 30 university-level research institutes, research centers of excellence and corporate laboratories focus on topics such as energy; environmental and urban sustainability; disease treatment and prevention; active aging; advanced materials; risk management and resilience of financial systems; Asian studies; and Smart Nation capabilities such as artificial intelligence, data science, operations research and cybersecurity.
For more information about NUS, please visit here.
SOURCE Klaytn Foundation