Monash launches new centre to link blockchain and industry globally

The new Monash Blockchain Technology Centre (MBTC) will attract world-leading researchers in blockchain technology and push the frontiers of research in this field across Australia.

The MBTC will be unveiled today (Tuesday 26 November 2019) by the Dean of the Faculty of Information Technology (IT), Professor Jon Whittle, and Associate Professor, MBTC Director and internationally-renowned blockchain expert Joseph Liu.

From FinTech to supply chain management, the MBTC will develop secure foundations for this technology, and demonstrate the usability and practical outcomes of blockchain technology. The Centre will also positively impact the community through ground-breaking research involving a variety of industries and societal sectors.

The global blockchain market is forecast to grow to an estimated US$60 billion by 2024, and Australia has the capacity to play a large role, according to Professor Jon Whittle, Dean of the Faculty of IT.

“Monash is the birthplace of big ideas in computing and IT. Through the MBTC, we can better educate people on how blockchain technology can be used to solve real-world challenges. The visionary research by Joseph and his team will bring us closer to realising its true potential,” Professor Whittle said.

Working with different faculties and international partners in the Asia-Pacific region, including Shanghai Jiao Tong University and CollinStar Capital, will also elevate the Centre’s cutting-edge work.

“We created the Centre to be a platform for gathering like-minded organisations and faculties across the university, such as Law, Medicine, Business and Engineering. Cross-organisational and interdisciplinary collaborations will help us apply our innovations in a wider range of contexts,” Associate Professor Liu said.

Blockchain is currently being used in areas such as digital health services, supply chain management and in the delivery of energy across smart grids.

Through training and targeted micro-credentials, the MBTC will empower those leading the change – to enhance the efficiency, security and performance of blockchain technology.