Specializing in the supply chain and the protection of goods against counterfeiting Chinese blockchain VeChain company will cooperate with the University of Oxford in the framework of the project VeResearch, which is engaged in the technological development of the platform VeChain Thor which is based on the model of the “blockchain as a service” (blockchain-as-a-service, BaaS). It is reported BitsOnline.

“VeChain always strives to work with the best academics, and Oxford is the best University of the best. In recent years, the blockchain technology develop computer geniuses and professionals, however the academic community for some reason stays out of the way”, — said the chief researcher VeChain Peter Zhou.

Institute of mathematics, Oxford University will work on mathematical models and evidence necessary for operations in the ecosystem VeChain.

Researchers at the Institute also will develop solutions for scaling the platform and Thor to design smart contracts. However, all the innovations will remain the property of intellektualnoy VeChain.

It is worth noting that the company also signed a contract with the German automaker BMW.

We will remind, earlier VeChain entered the business incubator and consulting company PwC for quick access to the markets of Hong Kong and South-East Asia with the support of strategic business consultations.