In other day, Institute of Computing Technology, CAS Officially participated in Financial Block Chain Association (Shenzhen) initiated by WeBank ("FBCA")

As known, the Institute will make in-depth cooperation with FBCA in the fields of hardware computation acceleration and high-throughput VM, to solve various problems in block chain architecture such as multi-party collaborative computing, encryption algorithm, privacy protection and Turing completed virtual machine, and to build up a new generation of high-throughput block chain computation engine to meet needs of financial scenario for high performance, availability and security, to explore value in deep integration of block chain with finance, and to promote transformation of technological outcomes and accelerate development of block chain in financial technology field.

As reported, in 2017, the Institute already made strategic cooperation with WeBank and carried out research cooperation in underlying platform architecture pf block chain, performance and security, and cross-link communication. This alliance between giants promises to break barriers in key technology field such as block chain architecture, communication protocol and security testing, to explore new-type application pattern of block chain in finance field, and to apply cutting-edge technologies such as hardware computation acceleration and high-throughput VM to more high-concurrency financial scenarios, and collectively build a new generation of high-throughput block chain computation engine.