# Beyond Bitcoin – IOHK and University of Edinburgh establish Blockchain Technology Laboratory 
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2017-02-28
Category: BUSINESS
Category URL: https://financedigest.com/category/business
Meta Title: IOHK and University of Edinburgh Launch Blockchain Technology Lab
Meta Description: Join us at the launch event on February 24, 2017, to witness the partnership between IOHK and University of Edinburgh in advancing blockchain research and
URL: https://financedigest.com/beyond-bitcoin-iohk-and-university-of-edinburgh-establish-blockchain-technology-laboratoryhtml

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IOHK, a leading blockchain research and development company and the University of Edinburgh, today announced the establishment of a Blockchain Technology Laboratory within the university’s School of Informatics. The lab will bring together academics and students to collaborate on blockchain research and development with a focus on industry inspired problems. The laboratory’s launch event will be held at the University of Edinburgh on February 24, 2017.

IOHK CEO and Co-Founder Charles Hoskinson said: “IOHK is delighted to be partnering with the University of Edinburgh, a world-leading institution in information, cognition and [computing research](https://www.financedigest.com/we-researched-dfinitys-internet-computer-and-this-is-what-we-learned.html "We Researched Dfinity’s Internet Computer and This Is What We Learned") and teaching. The partnership will [develop](https://www.financedigest.com/sommet-education-partners-with-kingdom-of-saudi-arabias-tourism-development-fund.html "Sommet Education partners with Kingdom of Saudi Arabia’s  Tourism Development Fund") IOHK’s core business area, cryptocurrencies and blockchain related technologies, and nurture and develop the global talent in these areas in the United Kingdom.”

The research lab at the University of Edinburgh will also serve as the headquarters for IOHK’s growing network of [global university partnerships](https://www.financedigest.com/cavai-and-mediamath-announce-global-partnership-to-deliver-conversational-advertising-programmatically.html "Cavai and MediaMath announce global partnership to deliver conversational advertising programmatically"). Tokyo Institute of [Technology launched](https://www.financedigest.com/adverty-launches-industry-first-streaming-video-technology-for-in-play-ads-in-partnership-with-seenthis.html "Adverty launches industry-first streaming video technology for In-Play™ ads in partnership with SeenThis") a similar centre with IOHK on February 15, 2017. IOHK [expects to establish further research laboratories in the United](https://www.financedigest.com/vapour-recovery-units-market-is-expected-to-register-a-decent-cagr-of-more-than-5-during-the-forecast-period-of-2019-2029.html "Vapour Recovery Units Market is expected to register a decent CAGR of more than 5% during the forecast period of 2019-2029") States and Greece later this year, and has plans for more the following year.

The Blockchain Technology Laboratory will be led by Prof. Aggelos Kiayias, Chair in [Cyber Security](https://www.financedigest.com/the-new-cyber-agency-helping-tech-startups-stay-secure.html "The New Cyber Agency Helping Tech Startups Stay Secure") and Privacy at the University of Edinburgh and Chief Scientist at IOHK. As Director of the lab, Prof. Kiayias will organise collaborations with fellow academics at the university and oversee [researchers and students from undergraduate to PhD level in a broad range of topics related to blockchain systems](https://www.financedigest.com/emission-control-systems-market-to-increase-at-a-cagr-of-5-through-2021-to-2031-persistence-market-research.html "Emission Control Systems Market To Increase At A CAGR Of 5% Through 2021 to 2031: Persistence Market Research"). Research collaborations will be interdisciplinary and will include, beyond cryptography and computer science, economics, game theory, regulation and compliance, business, and law. The lab will provide a direct connection between [developers and researchers](https://www.financedigest.com/research-and-technological-innovations-to-bolster-developments-in-polycarbonate-resins-market.html "Research and Technological Innovations to Bolster Developments in Polycarbonate Resins Market"), helping to get projects live faster and aims to pursue outreach projects with entrepreneurs in Edinburgh’s vibrant local technology community. Recruiting and outreach will begin immediately, and the full facility will be operational from summer 2017, located in the School of Informatics’ newly refurbished Appleton Tower.

Professor Kiayias said: “We are very excited regarding this collaboration on blockchain technology between the School of Informatics and IOHK. [Distributed ledgers is an upcoming disruptive technology](https://www.financedigest.com/how-distributed-ledger-technologies-are-transforming-esg-reporting-for-financial-intermediaries.html "How Distributed Ledger Technologies are transforming ESG reporting for Financial Intermediaries") that can scale information services to a global level. The academic and industry connection forged by this [collaboration puts](https://www.financedigest.com/putting-collaboration-and-community-at-the-heart-of-the-metaverse.html "Putting collaboration and community at the heart of the metaverse") the Blockchain Technology Lab at Edinburgh at the forefront of innovation in blockchain systems.”

IOHK is committed to [developing industry](https://www.financedigest.com/homewares-market-recent-industry-developments-and-growth-strategies-adopted-by-players.html "Homewares Market: Recent Industry Developments and Growth Strategies Adopted by Players") standards and best practices that progress the field of cryptography. In contrast to other industry-university partnerships, IOHK’s collaboration with the University of Edinburgh ensures that all funded research and development will be [open source](https://www.financedigest.com/italy-open-to-selling-down-mps-stake-on-market-if-terms-buyers-are-right-sources.html "Italy open to selling down MPS stake on market if terms, buyers are right – sources") and patent-free.

The Principal of the University of Edinburgh, Sir Timothy O’Shea, said: “We are delighted to be at the forefront of UK institutions in the field of distributed ledgers and proud to have a dedicated research laboratory for [industry](https://www.financedigest.com/nitrate-free-bacon-market-industry-research-segmentation-key-players-analysis-and-forecast-to-2029.html "Nitrate-Free Bacon Market Industry Research, Segmentation, Key Players Analysis and Forecast to 2029") inspired research in this important emerging area.”

Jeremy Wood, IOHK Co-Founder said: “IOHK’s partnership with the University of Edinburgh provides [unique opportunities for current students to become the next generation](https://www.financedigest.com/digitally-projected-revenue-to-be-the-unique-selling-point-of-next-generation-centrifuge-market.html "Digitally projected revenue to be the unique selling point of Next Generation Centrifuge Market") of blockchain and cryptography leaders. As a headquarters for IOHK’s international academic research community, we expect to see the university facilitate innovative projects that drive how [businesses and governments approach blockchain](https://www.financedigest.com/top-4-blockchain-business-ideas-for-2022.html "Top 4 Blockchain Business Ideas for 2022") and cryptocurrencies.”


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