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.
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.
Previous Articles:
- Indian Tax Authority Sends Tax Notices To 100,000 Cryptocurrency Investors
- Energy Trading Giant Looks To Blockchain To Meet Rising Demand
- Seven Takeaways From The SEC And CFTC’s Testimony On Virtual Currency
- New BIS Head Urges Authorities to ‘Act Preemptively’ On Cryptocurrencies
- Ledger Hardware Wallets’ Vulnerability Exposes Clients To Risk
