Baidu and Alibaba group to launch Blockchain Academy

Two of China’s largest tech firms are ready to set up a blockchain technology-focused academy in China to raise the next generation of FinTech talent.

Alibaba’s ex-chief architect, Jianxiang Mo, will partner with the chief architect from Baidu, Haiyang Xu, in order to launch a blockchain technology academy with $100 million worth of angel investor funds in hand.

They have compared the advanced institution to the Whampoa Military Academy (the so-called West Point of the East) but the curriculum will be concentrating on FinTech rather than firearms. The details about the launching have not been revealed yet.

Mo told:

“There are only a few hundred people in China who can write public-key codes,” which leaves a lot of room for demand. This is something that the academy hopes to change by training 50-100 “generals” to lead teams on blockchain development.”

Xu and Mo have thought that 2018 will be a breakout year for blockchain technology by creating an educational platform to help developers, and in turn blockchain startups, to increase in China.

Mo and Xu are not alone among China’s tech moguls who have displayed enthusiasm for blockchain technology. The CEO of Chinese internet giant Tencent, Ma Huateng, also called “Pony Ma,” expressed exuberance for the technology, which he believes has the capacity to disrupt marketplaces.

Recently, Baidu has Launched Blockchain as a Service Platform.