Billon & University of Warsaw team up to build blockchain solutions

Blockchain is the future, or so we hear from experts and tech-savvy entrepreneurs.

In an editorial in Forbes, Bernhard Schroeder, an educational director of entrepreneur programmes at San Diego State University urged budding entrepreneurs and investors to shun the hyped Bitcoin and instead focus on the blockchain.

Schroeder lauds the merits of blockchain, which he describes as “a serious technology.” He advises that the real potential will only be realised if companies focus on building blockchain based platforms and marketplaces.

Realising this potential and wanting to take it further is Billon Group’s subsidiary, Billon Solutions – a technology company that prides itself on building civilised blockchain solutions for the real world.

On Friday, the company expanded their scope for innovation and research by signing a cooperation agreement with the Centre for Research on Legal Aspects of Blockchain Technology, operating at the Faculty of Law and Administration of the University of Warsaw.

The agreement will see the two parties collaborate and support each other in their academic and expert work on blockchain. The partnership will also expand to include initiatives to implement Billon’s signature unified enterprise distributed ledger technology (DLT) system in the university environment.

“Cooperation with the best Polish university is another step towards the widespread use of a breakthrough distributed ledger technology,” Billon’s Chief Operating Officer, Robert Kałuża, said in a statement.

“Together with experts from the University of Warsaw, we will explore the potential of introducing this technology to the academia. I am convinced that the university will benefit from such functionalities as document immutability or instant money transfers.”

Microsoft is also involved in the arrangement, assisting by providing access to Azure cloud services, able to secure and streamline the exchange of academic documents.

The announcement came just days after another Billion Group subsidiary, Billon Digital Services, was awarded nearly EUR2 million (US$2.2 million) grant from the European Commission under the SME Instrument programme.

According to TokenPost, the company will use the fund to complete the development of B4TDM (Blockchain for Trusted Document Management), a solution built using its proprietary DLT.