Bitpanda, an Austrian cryptocurrency platform, is associated with the Vienna University of Technology to develop an open source platform called "Pantos". Cointelegraph auf Deutsch reported on Wednesday 7 March.

In partnership with the Vienna University of Technology, researchers from the Research Institute for Future Cryptoeconomics (RIAT) in Austria also participate in the project

The research project called "Pantos" aims to solve the problem of the increasing fragmentation of blockchain tokens and to allow "valid token transfers on several blockchains" for the first time, announced Bitpanda in its press release press of Wednesday, March 7th. This will allow traders to capitalize on price differences between pairs of digital cards.

The Pantos system will be funded through an initial coin offer (ICO) limited to 1500 BTC (approximately $ 14.8 million at the time of publication) for a new token called PAN. As pointed out by the creators of Bitpanda, the ICO will not be used to finance a new start-up, but to finance the development of a technology that can then be freely used via open source licenses.

the Ethereum platform. Support for crypto-currencies Bitcoin, Litecoin, Lisk, Komodo, and Wave will follow shortly after

Pantos is not the first project based on Blockchain for the Vienna University of Technology. At the end of November 2017, in a project entitled "Ethertrust", the research group "Security and Confidentiality" led by Professor Matteo Maffei published a work that improves the security of Smart Contracts for cryptocurrency Ethereum

several German universities and research institutes that are currently exploring the use of Blockchain.

In March 2018, the FIR Industrial Management Institute of the RWTH University of Aachen, Fraunhofer FIT, and Demofabrik Aachen will begin a joint study on Blockchain for Industrial Applications "under the direction of KEX AG, technology and market information provider.

This project aims to identify the potential applications of Blockchain technology for the industry, to evaluate them concretely, and find ways to implement and use them.