22:58 (GMT +7) - Friday 23/08/2019

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RMIT ranked among world's best in blockchain research

Released at: 07:47, 14/07/2019

RMIT ranked among world's best in blockchain research

Photo: RMIT Vietnam

University third in world for study of digital currencies, according to leading provider of institutional grade cryptocurrency market data Kaiko.

by Hong Nhung

A list of ten universities dedicated to the study of cryptocurrency was published this month by digital assets provider Kaiko.

The ranking praised RMIT University for its cutting-edge innovation when it comes to combining economic and technological research.

RMIT’s Blockchain Innovation Hub (BIH) in Melbourne, Australia has become well known for engaging with policymakers and media to explore how blockchain could impact the regulatory and economic environment.

From Vietnam, RMIT’s Centre of Digital Excellence (CODE) has been collaborating with BIH to promote research and development initiatives to government, businesses, and educational institutions, and to build productive research partnerships between Asia, Australia, and Europe.

“We are currently working closely with RMIT researchers Dr. Thai Nguyen, Dr. Binh Nguyen, and Dr. Huy Pham, examining opportunities in trade finance as well as property and real estate to identify possible blockchain futures for Vietnam,” said Associate Professor Jerry Watkins, CODE Director.

To date, publications from the researchers have ranged from bitcoin returns and the impact of new altcoins to asymmetric monetary policy effects on cryptocurrency markets.

All three researchers work in the Economics & Finance Department within the School of Business & Management at RMIT Vietnam.

Dr. Binh, who also contributes to a series on the digital economy in the publication Vietnam Investment Review, said the announcement from Kaiko was valuable recognition.

“We are very honored and proud to be ranked third in the world, as this highlights industry recognition of our expertise in blockchain,” he said. “It is absolutely essential for RMIT to continue with frontier research in this field to serve policy makers, businesses, and individuals with insights that help them make decisions shaping the future digital economy.”

“Blockchain is new from the social science perspective and although academic research in this area is still in its early stages, its potential to disrupt contemporary business models has been largely agreed upon by academia,” Dr. Thai added. “It will alter the way businesses operate and economic participants behave due to a more decentralized, transparent, and efficient process.”

Blockchain, the technology behind the cryptocurrency Bitcoin, has been referred to as one of the most disruptive innovations and impactful technologies developed in recent years.

In 2018, RMIT University launched Australia’s first university short course on blockchain strategy at its Melbourne campus, in response to the growing importance of blockchain as an emerging industry. This course will be available soon to students at RMIT’s Saigon South campus.

CODE will host its second Blockchain Roadshow from August 1 to 3, which will feature public talks, seminars, and workshops for key business and government stakeholders in both Hanoi and Ho Chi Minh City. BIH Senior Research Fellow Dr Christopher Berg will join the roadshow team and deliver a keynote presentation on blockchain.

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