The Chinese Academy of Sciences has set up a new “Big Data and Blockchain Lab”, CoinDesk reported referring to report from People’s Daily.

The lab was announced during a seminar on June 15. It is being launched in collaboration with Beijing-based blockchain startup Tai Cloud Corp.

The Big Data and Blockchain Lab will study the relationship between blockchain technology and mathematics, explore new directions for the development of blockchain, and cultivate talents in this field.

The Chinese Academy of Sciences is China’s federal science institution established on November 1, 1949, in Beijing. It brings together scientists and engineers from China and around the world to address both theoretical and applied problems using world-class scientific and management approaches.

Speaking at the seminar, Xiaoshan Gao, the deputy director at the center for mathematics and interdisciplinary sciences in CAS, said that the mathematical methods will play a key role in the core issues in blockchain technology.