Achain launches a blockchain research lab in South Korea, called as ALabs

Achain’s founder Tony Cui, has founded a research lab dedicated to Blockchain research in Sogang University of South Korea. The lab is called “ALabs” and is part of Achain’s effort to expand the Blockchain research and give back to the community.

ALabs focuses on blockchain tech innovation, seeking breakthroughs in areas such as blockchain infrastructure, blockchain scalability, and blockchain management etc. The Lab will periodically produce research reports to share the insights on its latest research. Other solutions including creating new blockchain for specific industries are also offered by ALabs.

ALabs was launched at “Achain-Sogang Technology Exchange Meeting” a tech event by Sogang University and co-hosted by Achain. Achain’s founder Tony Cui,  launched the lab and gave a short speech. The event was attended by University professors and Achain delegates.

Recap of Achain-Sogang Technology Exchange Meeting

The meeting was opened by Professor Moonki Hwang from the School of Economics, Sogang University. Mr Hwang congratulated both parties on joining the meeting as it’s in each party’s interests to cooperate together. According to Hwang, more meeting between Achain and Sogang University are expected to come in the further and possibly a bilateral MOU can be signed in this Autumn.

Achain CEO Tony Cui joined the conference remotely, endorsing the importance of China and Korea in the research and development of the decentralized tech. Cui said innovation talks and seminars between Achain and Sogang University will bring a monumental potential for both parties and possibly the blockchain industries in China and South Korea.

“Sogang University has a huge talent pool and are pioneering in many areas of scientific research. It’s an honour for me and for Achain to co-organize this conference. Blockchain technology is relatively new. There are many potentials to be uncovered. I believe working together making us move faster in the blockchain realm.” Cui said.

At the event, Cui announced the founding of the ALabs. The announcement was joined shortly by ALabs representatives introducing ALabs, its function, and vision.

Following ALabs’ project introduction are South Korean blockchain projects Paygate and Hexlant. While showcasing his own project, Hexlant CEO Jinwoo Noh said he noticed Achain’s strength and advantages over Ethereum early on and would like to have further cooperation with ALabs as well.

The meeting was successful for both Achain and Sogang University. Achain also had many successful conferences with local developers in countries such as Vietnam, US etc. The blockchain has strategic relations with renowned tech companies like Google and IBM. Being able to cooperate with Sogang University is a huge boost for Achain in South Korea and corresponds with Achain’s global strategy.  

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