“IOHK is delighted to be partnering with the University of Edinburgh, a world-leading institution in information, cognition and computing research and teaching,” IOHK cofounder and CEO Charles Hoskinson said. “The partnership will develop 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 lab will be led by University of Edinburgh chair in cybersecurity and privacy Aggelos Kiayias, who also is IOHK’s chief scientist. He will organize collaborations and supervise students.
“Distributed ledgers is an upcoming disruptive technology that can scale information services to a global level,” Dr, Kiayias said. “The academic and industry connection forged by this collaboration puts the Blockchain Technology Lab at Edinburgh at the forefront of innovation in blockchain systems.”
In a statement IOHK committed to developing best practices in cryptography. Its university collaboration makes sure all research will be open source and patent free.