Blockchain gets a boost in Britain with launch of new research hub

The UK Centre for Blockchain Technologies (UK CBT) has officially launched. 

Backed by a number of universities including University College London, the University of Edinburgh, and the University of Birmingham, the centre has also seen financial support from the DLT Science Foundation and the Silicon Valley Community Foundation.

 Crypto industry heavyweights such as Hedera and Ripple are also backers of the project.

UK CBT will focus on driving the development and adoption of blockchain technologies, positioning the UK as a worldwide epicentre for blockchain innovation and knowledge 

"At UK CBT, our ambition is clear. We aim to be the beacon of excellence, bringing together the brightest minds, the most innovative businesses, and forward-thinking government stakeholders across the entire UK to shape the country's blockchain future," said Dr. Paolo Tasca, one of the founders of UK CBT.

In recent years the UK government has set out ambitious plans to establish the country as a crypto hub, including plans for comprehensive regulation of crypto assets as well as moves to make the UK friendly to new companies establishing themselves within the blockchain industry.