Former Alibaba, Baidu Chief Architects To Launch Blockchain Academy

- Advertisement -

A pair of architects from two of China’s largest tech firms are setting up a blockchain technology-focused academy in China to foster the next generation of FinTech talent.

Alibaba’s ex-chief architect, Jianxiang Mo, will team up with the former chief architect from Baidu, Haiyang Xu, to co-found a blockchain technology academy with $100 million worth of angel investor funds in hand.

They have likened the proposed institution to the Whampoa Military Academy (the so-called West Point of the East) but the curriculum will focus on FinTech rather than firearms. Details as to when and where the academy is to be built haven’t yet been revealed.

According to Mo, “There are only a few hundred people in China who can write public-key codes,” which leaves a lot of room for demand. This is something that the academy hopes to change by training 50-100 “generals” to lead teams on blockchain development.

Xu and Mo have doubled-down on their prediction that 2018 will be a breakout year for blockchain technology by creating an educational platform to help developers, and in turn blockchain startups, to thrive in China.

Mo and Xu are not alone among China’s tech moguls who have displayed enthusiasm for blockchain technology. The CEO of Chinese internet giant Tencent, Ma Huateng, also called “Pony Ma,” expressed exuberance for the technology, which he believes has the capacity to disrupt marketplaces.

- Advertisement -

Quotes translated from Chinese using Google Translate.

Jeremy Nation is a writer living in Los Angeles with interests in technology, human rights, and cuisine. He is a full time staff writer for ETHNews and holds value in Ether.

Like what you read? Follow us on X @Bitnewsbot to receive the latest Alibaba, Baidu or other Ethereum technology news.

- Advertisement -



Previous Articles:

- Advertisement -

Latest News

Russia Delays Digital Ruble Launch to September 2026 After Pushback

The Bank of Russia has proposed delaying its digital ruble rollout to September 1,...

DOT Miners Attracts Investors With Regulated Passive Crypto Income

DOT Miners offers a cloud mining platform enabling users to earn steady Passive income...

Cloudbet Expands Crypto Crash Game Portfolio With Galaxsys

Willemstad, Curaçao – June 26, 2025 – Cloudbet has added the full suite of...

Coinbase to Launch US-Regulated Bitcoin, Ether Perpetual Futures

Coinbase will launch U.S.-regulated perpetual-style futures for Bitcoin and Ether on July 21.The move...

Fannie Mae, Freddie Mac Now Accept Crypto Assets for Mortgages

Fannie Mae and Freddie Mac will now recognize Bitcoin and other cryptocurrencies as reserves...

Must Read

How to Buy VPS with Crypto from Hostinger – Step by Step guide

Did you know that nowadays you can use Bitcoin to purchase a Windows VPS? If you’re here, you’re probably wondering how to do it....