Monash University in Australia recently introduced the Monash Blockchain Technology Centre (MBTC) that will focus on blockchain innovation while working with partners from institutes across the Asia-Pacific region.
According to ZDNet, Monash University has revealed that its blockchain center will gather experts to work with its faculty members to research use cases for blockchain technology.
Joseph Liu, Director of the MBTC, disclosed that prior to the establishment of the center, the university already had an internal blockchain research lab founded two years ago.
“This technology can be applied to many disciplines such as digital health, smart energy, supply chain, or fintech,” he said. “That’s why we want to create a cross interdisciplinary platform at the university level, not just a faculty level.”
Liu added that the blockchain center will welcome all faculties to work with the IT faculty on various areas in which blockchain can be applied, from law and business to medicine and engineering. Moreover, the MBTC will work with international partners such as CollinStar Capital and Shanghai Jiao Tong University to find use cases for the decentralized technology.
Initially, the center will conduct research on food traceability as Australia exports food to several countries such as China.
“The customer in China wants to make sure the food is really coming from Australia and it’s not fake,” Liu said. “We can pull this data collected from the farm, the suppliers, logistics, the courier […] into the blockchain system, so that [they] can track easily that this beef is really coming from Melbourne. Because of the properties of blockchain, this data cannot be modified […] so they have the confidence to pay a higher price to get real food product from Australia.”
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