The world’s first Blockchain Identity Lab has now been set up in Edinburgh. The was a joint initiative by the Edinburgh Napier University and Blockpass IDN. The laboratory goes by the name the Blockpass Identity Lab.

The Hong identity application firm and the Edinburgh Napier University have entered into a partnership. This partnership will also look after other aspects like the development of virtualized blockchain environment, funding for the research staff, and creation of new data infrastructures.

The research facility will completely zero in on researching and developing Blockchain Technology related applications for the greater good. The firm is also affirmative to make some breakthrough in terms of Blockchain research in the near future.

Kate Forbes, Digital Economy Minister for Scotland, has also shared her happiness on the opening of this research facility. Citing on Blockchain’s privileges she said it can protect data from malicious attacks and can secure it without anyone’s supervision.

Speaking of malicious attacks, the credit card fraud had created a large impact in Europe in past. This had resulted in terms of compromising financial details of 500 credit cards to unknown entities.