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Three additional BRI groups will support innovation and research in their respective areas.
The Blockchain Research Institute (BRI) has announced plans to extend into several continents by the middle of the year through collaborations with various banks, foundations, and organisations.
The independent global think-tank for distributed ledger analysis is now active in Europe and Brazil, and it plans to develop innovation and research hubs in new regional centres. The aim is to educate and strategize about how to apply blockchain and other new innovations in industry, government, and society.
According to a May 18 statement, the Blockchain Research Institute will open an African branch in partnership with Standard Bank Group, a financial institution that provides banking and financial services to individuals, institutions, and businesses in Africa. It will be based in South Africa and will have jurisdiction over all African countries except Egypt and Libya, which will be handled by the Middle East division.
BRI Middle East, based in Qatar, will be launched in collaboration with Konnect & Co., a procurement, sourcing, delivery, and application chain management firm based in Beirut, Lebanon. Syria, Lebanon, the West Bank and Gaza, Jordan, Iran, Iraq, Saudi Arabia, Yemen, Oman, UAE, Qatar, Bahrain, Kuwait, Turkey, Egypt, and Libya will all be included.
Over in East Asia, its Korean division will be launched in collaboration with the BOSAGORA Foundation, a blockchain platform that aims to solve governance issues arising in decentralized organizations.
Don Tapscott, co-founder and Executive Chairman of the BRI, expressed confidence about an economic and technological expansion after the Covid pandemic.
“The world is poised for a post-pandemic, economic expansion and technological renaissance and industrial disruption. Now is the time for us to help companies and governments around the world navigate the turbulent waters ahead,”
BRI Director of Communications Noah Lehman told Cointelegraph that these new BRI global partners are funded by a syndicated membership model in which fees fund the program and research. Members include everyone from Deloitte and the Enterprise Ethereum Alliance to FedEx and Fidelity.
He added that membership includes research production, online courses, round-tables, webinars, and events gathering local stakeholders to promote blockchain innovation and adoption.
The three new BRI divisions will be working across their respective regions and in multiple countries (Africa and the Middle East) to gather stakeholders in business and government for the membership program. He added that they are expected to launch in July 2021.