On June 12th, Seoul daily reports that Korea University is collaborating with the South Korean subsidiary of crypto trade Huobi for “industry-academia” participation in the field of blockchain advancement.
The understanding between one of South Korea’s most lofty colleges and Huobi Korea wants to connect scholastic research of the innovative technology with products valuable for the business.
As indicated by Seoul Daily, the head of Korea University’s Cryptography Center at the Graduate School of Information Security Professor Kim Hyung-Jung said they trusted “to be able to conduct empirical research not only on [the] academic aspects of blockchains but also on realistic applications through cooperation with Huobi Korea.”
Huobi Korea’s CEO allegedly observes the organization as a way to “expand the base of domestic blockchain technology research and technical education,” while also admitting that they “have been promoting this industry-university cooperation in order to be reborn as a technology company.”
Huobi was at first established in Beijing in 2013, however, it is presently headquartered in Singapore, with branches in the US, Japan, Hong Kong, and China. The new South Korean subsidiary was opened on March 30. As of now according to coinmarket the Huobi Pro worldwide trade positions third worldwide regarding trading volume.