The Research Institute of Information Technology (RIIT) of Tsinghua University (THU) has partnered with a subsidiary of China’s institutional financial firm to establish a blockchain research center, according to an Aug. 1 press release.
The RIIT has signed an agreement with Sheng Ying Xin Management Consulting Co., Ltd., a contractually controlled and managed company of China Internet Nationwide Financial Services (CIFS). The two organizations will jointly research and develop basic blockchain technologies and models for building enterprise-level applications in a number of industries.