PRESS RELEASE: Feng Han, Decentralized Web Technology Evangelist, Funds Blockchain Research Pillar at Massachusetts Institute of TechnologySeptember 27, 2018
Elastos, a company working to create decentralized internet ecosystem that completely reinvents the way users own and exchange data on the web, also recently announced a hardware collaboration with Shanghai Shijiu TV, allowing customers to utilize a direct connection between their smart devices and customer support, without the use of a central server (which resulted in over 100,000 devices sold in August), in a further attempt to create a “data safe” internet.
Co-founder of Elastos supports education sector to develop the blockchain ecosystem
Cambridge, MA, September 26, 2018 — Feng Han, co-founder of Elastos, the blockchain company behind the creation of a new decentralized internet infrastructure, today announced a personal donation of $5 million USD to Massachusetts Institute of Technology (MIT) to establish the university’s blockchain research wing. The collaboration with MIT provides the academic institution with the means to establish the “Initiative on the Digital Economy (IDE) Blockchain Pillar and Activities Fund,” which intends to foster the development of a diverse range of blockchain projects, connecting emerging talent with thought leaders in the industry.
Feng Han said, “I am excited to facilitate the development of blockchain ecosystems through partnerships with organizations and universities, similar to MIT. Leaders throughout the blockchain landscape should seize opportunities to support research and development of the industry, to ensure it matures in a regulatory compliant, transparent, and responsible manner. This is not the last incubator that I hope to establish to shape the parameters of a healthy blockchain ecosystem.”
In an additional effort to expand Elastos’ footprint outside of the blockchain landscape, the company itself today announced the onboarding of a new advisor, Stanford Professor Dr. Lei Xing, the Jacob Haimson Professor of Medical Physics and Director of Medical Physics Division of Radiation Oncology Department at Stanford University.
Han continued, “The space is at a crossroads when it comes to the saturation of the industry, with no way to decipher legitimate projects from ones attempting to scam investors. By inserting ourselves into the development of the blockchain ecosystem and working with notable educators, such as Dr. Xing, we hope to prove our dedication to fostering meaningful applications of this technology — and ultimately, solve real world problems.”
The pillar enables the university to focus on the various aspects of business applications of blockchain technology, specifically: developing innovative applications of blockchain technology in supply-chain traceability and auditing (with a particular interest in Food Safety), producing periodic industry reports summarizing new developments and the state of the blockchain industry, and exploring potential applications of quantum computing and quantum information in the blockchain sector.
“It is imperative for blockchain leaders to take steps into the mainstream education track to build a sustainable landscape for this technology. We cannot simply sit on the sidelines as individual companies and attempt to tackle large-scale issues, but instead must come up with a solution that leads to mainstream adoption as a community,” Han concluded.
About Feng Han:
Feng is one of the most reputable blockchain thinkers in China, respected and recognized by tens of thousands of blockchain and cryptocurrency enthusiasts. At Tsinghua University, he initiated the postgraduate modules on Cyber Intelligent Economy and Blockchain. Feng’s book Blockchain: On Quantum Wealth was a 2017 best-seller on Amazon China. He also led the translation and editing of Blockchain, Blue Print of a New Economy in 2014, which was the first book about blockchain in China. Feng is an advisor to the Huawei Research Institute, blockchain development at Alibaba, and is also a member of the Tencent Talent Pool.
With 18 years of development, Elastos aims to be the first completely secure environment on the web where decentralized applications are detached from the internet while also permitting full scalability to millions of users, Elastos will allow full ownership and wealth generation from data and digital assets. Powered by blockchain technology, Elastos had an angel investment from both Bitmain and NEO and has been sponsored by industry giants such as the Tsinghua Science Park and the TD-SCDMA Industrial Alliance. Through a strategic partnership with Shanghai Shijiu TV, the world’s leading HTML5 and browser technology developer in the OTT and Smart TV fields, Elastos is set to reach a carrier node count of one million by the end of this year. For more information, visit https://www.elastos.org/en/.