The Polish-British fintech signed 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 provide a basis for joint initiatives, introducing distributed ledger technology to universities. Microsoft Poland will provide technological support to the agreement.
(Warsaw / London, May 17, 2019) Billon Solutions sp. z o. o., a fully owned subsidiary of Billon Group in the UK, signed a cooperation agreement with the Center for Research on Legal Aspects of Blockchain Technology, operating at the Faculty of Law and Administration of the University of Warsaw. Under the agreement, the parties will be able to support each other in their academic and expert work on blockchain. The cooperation can be also expanded to include joint initiatives implementing DLT solutions in the university environment.
Robert Kałuża, Billon’s Chief Operating Officer, comments: - Cooperation with the best Polish university is another step towards the widespread use of a breakthrough distributed ledger technology. 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.
The agreement was signed by the Center’s manager, Dr Sławomir Żółtek and his deputies, Prof. Marcin Wiącek and Atty Michał Dymiński. The dean of the Faculty of Law and Administration of the University of Warsaw, Prof. Tomasz Giaro, also attended the ceremony.
Dr Sławomir Żółtek comments: - An agreement with the leading Polish fintech is another step in the activities of the Center for Research on Legal Aspects of Blockchain Technology. At numerous business and academic conferences, our experts discussed the possibilities and benefits of the widespread use of distributed ledger technology. Cooperation with Billon confirms these statements and provides the opportunity to introduce DLT to the academic community.
The cooperation project between Billon and the University of Warsaw will receive help from Microsoft Poland. The Polish branch of Microsoft will provide access to Azure cloud services.
Katarzyna Węglińska, Enterprise Channel Manager at Microsoft Poland, comments: - It was our partner Billon who invited us to join the project for the University of Warsaw. That invitation highlighted our close collaboration and conveyed the trust in our technology. The education sector is one of the priorities in Microsoft's wide-reaching activities and I am glad we can collaborate in such an innovative project which implies the deployment of cutting-edge technology, such as blockchain or Microsoft Azure cloud services. We believe a joint creation of secure scenarios will enable the development of projects associated with securing and streamlining the exchange of academic documents.
The Center for Research on Legal Aspects of Blockchain Technology was established by the Faculty of Law and Administration of the University of Warsaw in 2019. Its purpose is to deliver the analytical and expert knowledge necessary to incorporate DLT into the national and international legal order. Research conducted by the Center includes regulations (STO/ICO, digital currencies, distributed ledger in public administration), civil law (smart contracts), international issues (jurisdiction over cross-border online projects) and criminal law (liability for illegal public offering).
About the University of Warsaw
Established in 1816, the University of Warsaw is among the top 3% of the world’s best universities., according to international rankings. It is also the best university in Poland and one of the leading ones in this region of Europe. Approximately 47,600 people study at the University of Warsaw every year. Almost a tenth of the students are foreigners, mostly from Germany, Italy, Spain, Greece, and Turkey. The University employs 3,750 scholars, ¼ of whom hold professorial titles.
For more information, visit en.uw.edu.pl.
Billon created the first enterprise DLT system, unifying national currency transactions, document management and identity management into a single architectural system. Our mission is to unleash the transformational capacities of DLT in the regulated world.
Billon went beyond the initial principles of blockchain by creating a new protocol for encrypting national currencies within existing regulations. We first solved the challenge of transacting micropayments at scale, and we can now encrypt documents and data 'on-chain' as well. Our high-performance DLT system is designed to deliver tangible business results in Account & Transactions, Trusted Documents, and Identity & Data Sharing.
Billon was founded in the UK in 2015, following several years of R&D in Poland. Its unique DLT protocol has been supported by many R&D grants, including the EU Horizon 2020 program. Billon is licensed to issue electronic money by regulators in the UK and Poland and employs a global team of more than 80 professionals across its offices in London and Warsaw. In November 2018, the company won the world's largest fintech festival in Singapore, organized by the Monetary Authority of Singapore, showcasing a solution to zero-cost blockchain micropayments.
For more information, visit www.billongroup.com