University of Vienna has received 500 mln Euro for cryptoeconomics development

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University of Vienna has received 500 mln Euro for cryptoeconomics developmentFederal Ministry of Science, Economics and Research of Austria has invested 500 mln Euro for development of cryptoeconomics in one of the higher educational institutions of the country. This information was published on the official university web-site.

Vienna University of Economics and Business takes an active part in studying new, but perspective sphere of cryptocurrency business. For the moment the subject ministry of Austria has appropriated 500,000 Euro for development of this area. This money will be used to build a research center at the premises of the University of Vienna for the purposes of deepening knowledge in transaction technologies (Blockchain).

Вlockchain – is a comfortable way of central storage of Bitcoin transactions data, which has great potential. Many experts see the future in this technology, which is going to be the basis for implementing new business ideas. The spectrum for studying this sphere is huge and it requires a holistic disciplinary approach. It has been pointed out in the university that enhanced studying of cryptoeconomics will lead to the fact that the research results will show up in the form of publications and lectures, and such interaction with the association will give politicians and experts reasons for making strategic decisions.

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