HKUST at Hong Kong and OKX have joined forces for an innovative research partnership. They will explore how zero-knowledge proofs (ZK Proofs) can be used and develop new cryptographic methods as part of this project.
The goal behind these advancements is to enhance the effectiveness and capability to handle larger transactions for zero-knowledge decentralized exchanges (ZKDEXs).
This collaboration aligns with the current focus on Web3 by the Hong Kong government. It underscores OKX and HKUST’s dedication to fostering the local Web3 community and accelerating the development of Web3 technologies in the region.
Professor Dimitris Papadopulos and his team at HKUST boast a rich background in technology and are known for their expertise in the fields of artificial intelligence, zero-knowledge proofs, and cryptography.
With the expertise of the OKX Web3 team, who are well-versed in both theory and practice within the blockchain and virtual asset sector, we can combine their knowledge to convert advanced blockchain technologies into practical business solutions.
This collaboration could significantly impact the expansion of the blockchain industry not just in Hong Kong but also on a global scale.
Jason Lau, OKX’s Chief Innovation Officer, shared that their company is always at the forefront of introducing new technologies. They currently employ Zero-Knowledge technology in their Proof of Reserves to enhance customer privacy, and in their X Layer network, where it provides scalability advantages.
Dimitris Papadopoulos, an Associate Professor at HKUST’s Department of Computer Science and Engineering, expressed his support for the HKSAR Government’s plan to establish Hong Kong as a global center for Web3 technology and virtual assets.
Papadopoulos noted that achieving this goal requires developing advanced technologies and employing them to foster innovation while increasing the public’s understanding and approval of the associated tech. They look forward to collaborating with OKX on this partnership.
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2024-04-18 23:00