University of Surrey to Harness the Power of Blockchain

Posted by Richard Ward in

Image courtesy of Flickr, Creative Commons

A new collaborative project called Blockstart will unite the University of Surrey with SETsquared Surrey and partners across Europe, to harness the power of Blockchain technology.

The project has been awarded EUR 5million from the European Union, which will support startups and SMEs in using the technology.

SETSquared Surrey is based in the Surrey Research Park and will provide businesses with development and coaching services so they can plan and adapt to changing markets.

Blockstart will also use the Univesity of Surrey's blockchain test bed to help provide advice to SMEs and R&D opportunities.

SETsquared is an enterprise partnership between the universities of Surrey, Bath, Bristol, Exeter and Southampton that nurtures technology-based businesses throughout their lifecycle, from idea through to investment and scale-up.

Professor John Collomosse, Professor of Computer Vision at the University of Surrey's Centre for Vision, Speech and Signal Processing leading on Surrey's Blockchain testbed, said: "We are delighted to be part of this collaborative project, bringing our expertise in new technologies, especially artificial intelligence and blockchain, to the table. We will be helping small businesses to test new blockchain solutions, in a way that safeguards their business interests."


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