TRON creator Justin Sun announces another business collaboration. Today, the TRON teams up with the information security center of State Key Laboratory of Networking and Switching, BUPT (Beijing University of Posts and Telecommunications).
#TRON has reached a partnership with the information security center of State Key Laboratory of Networking and Switching, BUPT. The reinforcing efforts from both the industry and the academia will be sure to advance the block chain sector. #TRX $TRX https://t.co/1K55SH8NTj
— Justin Sun (@justinsuntron) October 15, 2019
According to the project’s blog:
“TRON Foundation can draw on the expertise of academia to advance the research and development of its protocol.”
Such a step will help strengthen the blockchain industry and will contribute to the development of the sector as a whole.
Is Blockchain Technology Important For Various Business Spheres?
There are various points of view on this subject. There is an opinion the future lies in the blockchain tech. For example, a great interest in technology is the fact of ongoing discussions. The focus of the discussion is such problems as the use of technology for identifying citizens in real estate transactions, a digital letter of credit, accounting for electronic documents, KYC and others.
We are just entering a period of active pilots with this technology. It is important to recognize where it will be acceptable effective and where it is not. Therefore, the Tron-based blockchain project can be an excellent experimental ground for the scientific staff of the University. In turn, BUPT will be able to discover new opportunities for the TRON project, which are not yet available for any cryptocurrencies.
Investments In Blockchain Technology
Global investments in blockchain technology have increased five-fold since 2016, and their total volume has reached $ 2.7 billion.
At the same time, experts say over the next five years, the blockchain market will rise to more than $ 150 billion. Such a breakthrough is primarily associated with the unique properties of the innovative technology.
This will be able to reduce costs and simplify business processes. The influx of investments will occur due to the popularization of software based on blockchain, smart contracts, and identification. Unfortunately, at the moment, there are not enough qualified personnel in this sector, so adoption takes more time.
A number of innovative products are currently being developed. Permanent partnerships help the development of this sector. Perhaps Tron will be able to contribute to the development of the industry and the blockchain infrastructure of enterprises.
A couple of years ago, the blockchain sector amounted to $ 1.3 billion. Smart contracts accounted for 27.6% of the total blockchain market turnover.
North America held a leading position in terms of industry volume, and today the Asia-Pacific region keeps making the largest contribution to the development of the blockchain sector, due to the presence of technologically progressing countries on its territory.