Published on September 14th, 2015 | by bitcoin0
Innovate Finance’s Lab Recieves Funding from IBM and the UK Government
“This government wants the U.K. to be the leading fintech center in the world.
“I’m pleased that Innovate Finance’s manifesto has set such ambitious goals, including the creation of 100,000 jobs.
But now Innovate Finance has announced the establishment of a blockchain lab in partnership with the Hartree Centre, the high performance computing and data analytics research facility founded by the U.K. Government’s Science and Technology Facilities Council (STFC), as a research collaboration in association with IBM.
The government supports Innovate Finance’s plan to consolidate U.K. leadership in digital fintech and, together with the Bank of England, has made recent moves to support blockchain innovation in Great Britain.
In the Autumn Statement 2014, the U.K. government committed further £113 million ($174 million) to expand the Centre in the next five years.