PolyU and the Cybaverse Academy Limited (Cybaverse Academy) signed a Memorandum of Establishment (MoE) to jointly set up the “PolyU and Cybaverse Academy Joint Lab on Law and Web3” (Joint Lab). Prof. Allen AU Man-ho, our Professor, will be the Director of the Joint Lab. Dr Daniel LUO Xiapu, our Associate Professor, and Mr Paul LI, Managing Director of Cybaverse Academy, will be the Co-Directors of the Joint Lab.
On 17 January, witnessed by Prof. Jin-Guang TENG, President of PolyU; Prof. Wing-tak WONG, Deputy President and Provost of PolyU; Mr Johnny MOK SC, Co-founder of Cybaverse Academy; and Dr Winnie TANG, Co-Founder of Cybaverse Academy, the MoE was signed by Prof. Christopher CHAO, Vice President (Research and Innovation) of PolyU, and Mr Paul LI.
With the vibrant development of Web3 and blockchain technologies, governments around the world are now acting to provide a facilitating regulatory environment. This Joint Lab will be the first research lab in Hong Kong to focus on the intersection of law and Web3, encompassing the research and development of technological solutions and the exploration of relevant legal and industry standards.
PolyU and Cybaverse Academy will collaborate to promote the safety, security and protection of privacy in the areas of Web3 and blockchain. The Joint Lab aims to provide regulators and other stakeholders with essential tools to enhance protection for the investment community and the general public. Details of the MoE signing ceremony are reported in PolyU’s media release.