Top Chinese University Partners With Credits Blockchain

Top Chinese University Partners With Credits Blockchain

Renmin University, located in the Haidian district of Beijing, has teamed up with Credits to explore, promote and increase adoption of blockchain technology in China.

In full, the partnership will include Credits, Shenzhen ZYT Fintech Co., Ltd., the Center for Blockchain Fintech and Internet Security, the Institute of Financial Technology and Blockchain of Renmin University of China, and the Big Data Blockchain and Supervision Technology Lab of Renmin University of China.

Renmin University of China (RUC) is also known as the People’s University of China, but more commonly known as Réndà in Chinese. First established in 1937, the university is currently ranked among the top five academic institutions in the People’s Republic of China and enjoys exchange programmes with a number of foreign universities including Princeton in the USA and King’s College in London.

MULTIPLE PARTNERSHIPS

In their blog post, Credits explained that the deal “…will contribute to the research of new blockchain applications tackling current challenges within various industries. The companies plan to set a number of lectures and hackathons to expand blockchain and cryptocurrency awareness worldwide.”

The collaboration with RUC is just one of several partnership ventures already announced by Credits this month, adding to an announcement last week with industry giant Lenovo New Vision Technology to help develop their joint vision of the Internet of Things (IoT).

Singapore-based Credits, who claim their blockchain is capable of performing up to 1 million transactions per second, raised $20 million in its ICO in February. Their native CS token is currently trading at around its original ICO price of $0.17.