OKX and HKUST Collaborate to Conduct Hong Kong’s First Zero-Knowledge Blockchain Technology Research

April 18, 2024The world's leading Web3 technology company and virtual assetexchangeOKX and the Hong Kong University of Science and Technology (HKUST) today announced a first-of-its-kind collaboration to jointly research the practice of zero-knowledge (ZK) proof technology and the development of new cryptographic protocols. These technological breakthroughs are designed to enhance ZK decentralization.exchange(ZKDEX) scalability and efficiency.

This collaboration is in line with the Hong Kong government’s emphasis on Web3 in recent years, and also confirms OKX and HKUST’s joint commitment to accelerating Web3 innovation and supporting the development of the local Web3 ecosystem.

Under the leadership of Professor Dimitris Papadopoulos, the HKUST team has accumulated rich technical knowledge and outstanding achievements in cryptography, ZK proof and artificial intelligence.BlockchainThis cooperation is expected to bring together topBlockchaintechnology into practical commercial applications, which may have a great impact on Hong Kong and the world.BlockchainThe development of the industry has a significant impact.

Jason Lau, Chief Innovation Officer of OKX“OKX is constantly innovating and committed to bringing emerging technologies to the market. We have already used ZK technology in our Proof of Reserves report and Layer 2 network X Layer to improve user privacy and provide scalability. Now, we are excited to further promote the benefits of ZK proofs through research with HKUST, and to increase access to Web3 by improving scalability and bringing new benefits to users. We look forward to seeing the results of this collaboration.”

Prof. Dimitris Papadopoulos, Chair Associate Professor, Department of Computer Science and Engineering, HKUST"HKUST strongly supports the HKSAR Government's vision of making Hong Kong an international Web3 and virtual asset hub. To achieve this goal, we must not only increase public understanding and usage of relevant technologies, but also continue to promote technological advancement and innovation. Collaboration with OKX, a global Web3 technology company, brings us one step closer to this goal," said Professor Wang.

About OKX

OKX is a leading technology company building the future of Web3. OKX has developed a fast and reliable virtual asset application that is favored by more than 50 million investors and professional traders around the world. OKX's industry-leading self-custody solutions includeOKX Web3 WalletOKX is a service that allows users to add custody of their virtual assets while exploring DEX, NFT markets, GameFi, and thousands of dApps. OKX works closely with world-class brands and athletes, including English Premier League champion Manchester City FC, McLaren F1 Team, Tribeca Film Festival, and more.Xiaobai Navigationeca Festival), golfer Ian Poulter, and Olympic snowboarder Scotty James. OKX is committed to transparency andSafetyand publish itsReserve Certification ReportTo learn more about OKX, please download our app or visit:okx.com

About the Hong Kong University of Science and Technology

The Hong Kong University of Science and Technology (HKUST) (https://www.hkust.edu.hk/) is an internationally renowned research university with world-class excellence in science, engineering, business management as well as humanities and social science. With an international campus, HKUST offers a holistic and interdisciplinary education to nurture outstanding talents with global vision, entrepreneurial spirit and innovative thinking. Over 80% of HKUST’s research was rated as “internationally excellent” or “world-leading” in the Research Assessment Exercise 2020 of Hong Kong’s University Grants Committee. We are ranked second in the latest Times Higher Education Young University Rankings 2023, and our graduates are ranked 29th in the world for employability in 2023, among the top universities in Asia. As of September 2023, HKUST alumni have founded 1,747 active startups, including 9 unicorns and 13 successful exits (IPOs or acquisitions), with a total economic impact of more than HK$400 billion. Invest Hong Kong earlier cited the "QS World University Rankings by Subject 2021" to showcase the performance of five local universities ranked among the top 100 in the world in multiple innovation fields, among which HKUST ranked first among local universities in four engineering and materials science fields.

Disclaimer

This announcement is for reference only. This announcement is not intended to provide any investment, tax or legal advice, nor should it be considered an offer to buy, sell or hold virtual assets. Holding virtual assets, including stablecoins, is riskier and market volatility may be greater, and you may even lose the entire value of your assets. You should carefully consider whether you are suitable to trade or hold virtual assets based on your financial situation and risk tolerance. OKX does not provide any investment or asset advice. You are solely responsible for your investment decisions, and OKX will not be liable for any losses. Past performance is not indicative of future results. If you have any questions about your specific situation, please consult your legal/tax/investment experts.

The article comes from the Internet:OKX and HKUST Collaborate to Conduct Hong Kong’s First Zero-Knowledge Blockchain Technology Research

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