Streamlining Blockchain Research

The Royal Melbourne Institute of Technology plans to restructure its Blockchain Innovation Hub by 2025, transitioning it into a general research group within its finance school. This move reflects a shift towards prioritizing student-focused initiatives and optimizing resource distribution.

Implications for Research and Staff

The Blockchain Hub, a pioneer in blockchain studies since its 2017 inception, has faced funding difficulties and reduced research output. Researchers, now tasked with teaching responsibilities, worry that the change will dilute RMIT’s focus on blockchain-specific advancements.

The Broader Industry Landscape

Bitcoin’s recent rise above $100,000 highlights the growing significance of blockchain technology. Critics of RMIT’s decision argue that the restructuring could undermine its leadership at a time when blockchain innovation is gaining global momentum.