Bybit Partners with Austrian Institutions to Launch Blockchain Innovation Hub in Vienna

• The partnership has the potential to enhance the educational experience for upcoming blockchain developers and establish Austria as a regional leader.
• The collaboration is part of a larger effort to close the knowledge gap between industrial experience and academic theory in the crypto space.

Through its licensed European headquarters, Bybit EU, Bybit, the second-largest cryptocurrency exchange in the world by trading volume, has established a strategic alliance with prominent Austrian organizations. This partnership combines the academic prowess of Vienna University of Economics and Business (WU Vienna), the innovative emphasis of the Austrian Blockchain Center (ABC), and the real-world proven digital asset capabilities of Bybit.

In order to encourage fintech and Web3 talent and businesses and promote blockchain adoption in Austria, the initiative creates a thorough framework for blockchain education and research and development. The partnership has the potential to enhance the educational experience for upcoming blockchain developers and establish Austria as a regional leader in blockchain education and innovation by establishing the nation’s first comprehensive innovation ecosystem for the digital asset class.

Holistic Blockchain Education and Real-World Use Cases

The collaboration is part of a larger effort to close the knowledge gap between industrial experience and academic theory in the crypto space. Through teaching and both online and offline activities, a local task force will be building a complete Crypto Research Lab and providing direct paths between students and the blockchain sector.

The Crypto Research Lab will be a center for innovative cryptocurrency research where business experience and academic theory collide. Through online lectures, interactive workshops, instructional materials, and real-world programs, a number of initiatives aimed at connecting students with the industry will expose them to blockchain applications in the real world.

In addition to creating content frameworks for identifying high-potential ventures, the parties will curate a comprehensive and useful program that includes an entrepreneur incubation track where Bybit’s specialized project evaluation team will evaluate and possibly invest in promising cryptocurrency startups. Improved fintech courses taught by Bybit ambassadors and specialists, hands-on workshops for starting a company, and easier access to internship and management trainee possibilities inside the exchange’s Austrian operations are all benefits for students.

Plans for a blockchain-focused hackathon, access to the Austrian Blockchain Conference, and strategic networking opportunities with the worldwide blockchain and Web3 community are also part of the program.

Since the blockchain is one of the most progressive sectors of the modern economy, Bybit is placing a high priority on responsible development via empowerment and education.

Ben Zhou, co-founder and CEO of Bybit, said:

“We are thrilled to collaborate with WU-Vienna and ABC to promote blockchain technology and adoption while establishing connections with Austria’s future changemakers. We’re building the best Bitcoin research and education environment in Europe. Students’ interactions with blockchain technology will change as a result of this partnership, moving from passive to active learning. The ideal basis for producing tomorrow’s blockchain leaders and spreading this model throughout Europe is created by Vienna’s status as a regulatory center, WU’s academic distinction, and ABC’s research know-how.”

Caption:
From left to right: Georg Harer (Head of Legal & Compliance and Managing Director, Bybit EU), Alexander Eisl, Managing Director of the Austrian Blockchain Center, Ben Zhou (Co-Founder & CEO, Bybit), and Alfred Taudes (Head of the WU Research Institute for Cryptoeconomics and Co-Managing Director of the Austrian Blockchain Center) held discussions at the Vienna University of Economics and Business (WU Vienna) in Vienna, Austria, in July.