Billon Solutions, a subsidiary of Billon Group in the UK, has 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.
According to Billon, the agreement will see the two parties cooperate on a project to implement blockchain solutions including in the university environment.
Billon was founded in the UK in 2015. Its enterprise blockchain 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. In November 2018, the company won an award at the Fintech Festival in Singapore, organized by the Monetary Authority of Singapore, showcasing a solution to zero-cost blockchain micropayments.
Robert Kałuża, Billon’s Chief Operating Officer, said the cooperation with the best Polish university is another step towards the widespread use of a breakthrough distributed ledger technology (DLT).
“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.”
Representing the university, Dr Sławomir Żółtek said the 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 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 knowledge necessary to incorporate DLT into the national and international legal field.
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).