Tencent, FedEx Join Tapscott-Led Blockchain Research Effort

A Canada-based blockchain research effort has added over a dozen members including major companies Tencent and FedEx, and the Ontario Ministry of Health.

The Blockchain Research Institute was originally founded in March by Don and Alex Tapscott, and backed by a group companies like IBM and PepsiCo, as well as a number of blockchain startups.

Aimed to serve as a hub for academic research around the technology, the institute's new members also notably include Deloitte Canada, the Depository Trust & Clearing Corporation (DTCC), Fujitsu, telecom provider Bell Canada and gold mining giant Barrick Gold.

Those backing the effort expressed optimism over the effort in a press release, including Tencent's blockchain lead, Ray Guo, who said:

"Blockchain Research Institute provides a great platform for Tencent and other members of the institute to carry out blockchain research and discussion, which is of great significance to Tencent and the industry. We believe that the blockchain+ era is coming!"

The institute – which has more than 50 experts developing research and analysis – has also announced that its team will now be working on more than 70 projects. The group has already begun releasing reports exploring blockchain's future potential in a variety of use cases.

The other new members to have joined the research effort are: Capgemini Canada, Cimcorp, the Institute on Governance, KPMG LLP, MKS Switzerland, food retailer Loblaw Companies, interbank network operator Interac and Moog.

FedEx packages image via Vytautas Kielaitis/Shutterstock

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Nikhilesh De

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.