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Hong Kong to Get Its First Law and Web3 Research Lab

Image Credits: PolyU, Press Release

The Hong Kong Polytechnic University (PolyU) and Cybaverse Academy Limited (Cybaverse) announced that they are partnering to establish the “PolyU and Cybaverse Academy Joint Lab on Law and Web3.”

The Joint Lab will be the first in Hong Kong to focus on the intersection of law and Web3. It will research and develop technological solutions, as well as explore relevant legal and industry standards. The establishment of the Joint Lab is in response to the growing development of Web3 and blockchain technologies and the need for a facilitating regulatory environment.

The Joint Lab aims to promote the safety, security and protection of privacy in the areas of Web3 and blockchain. The two will work together to provide regulators and other stakeholders with essential tools to enhance protection for the investment community and the general public. The focus of the joint lab is to ensure the safety, security and privacy of people who are using web3 and blockchain technology.

The Hong Kong Polytechnic University (PolyU) is known for its expertise in blockchain technology. The Joint Lab will leverage the University’s excellence in blockchain technology education and research by providing a training program related to Web3 through the Research Centre for Blockchain Technology of PolyU.

The Centre is the first research centre in Hong Kong to cover research in full-stack blockchain technology. It also draws expertise from various fields such as computer science, finance, logistics, maritime studies, and industrial and systems engineering to carry out interdisciplinary research in blockchain. This expertise will be utilized in the joint lab to provide training programmes and conduct research in the field of web3 and blockchain technology.

The signing was witnessed by the President of PolyU; the Deputy President and Provost of PolyU; the Co-founder of Cybaverse Academy; and the Co-Founder of Cybaverse Academy. The Memorandum of Establishment was signed by the Vice President (Research and Innovation) of PolyU, and the Managing Director of Cybaverse Academy.

Prof. Allen AU Man-ho, Professor of PolyU’s Department of Computing, will be the Director of the Joint Lab. Dr Daniel LUO Xiapu, Associate Professor of PolyU’s Department of Computing, and Mr Li from Cybaverse will be the Co-Directors of the Joint Lab.

PolyU’s President stated that the University looks forward to collaborating with Cybaverse Academy in the Web3 industry. By combining PolyU’s strength in blockchain technology education and research with Cybaverse Academy’s experience in R&D and Web3 development, the synergy of academia and industry is expected to have a positive impact in the near future.

He added that the leading blockchain research conducted by PolyU will be translated into practical use to deliver innovative solutions for the Web3 industry and will aid in the development of Hong Kong as a virtual asset hub. The collaboration between PolyU and Cybaverse Academy is expected to be mutually beneficial and will bring new opportunities and advancements in the field of web3 and blockchain technology.

Meanwhile, the Managing Director of Cybaverse Academy stated that they are excited to partner with PolyU to explore the frontiers of law and Web3. By combining world-class research capabilities and industrial experience, the Joint Lab will provide a solid foundation for a better Web3 ecosystem.


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