Chinese retail giant will launch a blockchain research lab, one of China's largest online retailers, is launching a joint blockchain research lab in partnership with Ying Wu College of Computing at the New Jersey Institute of Technology and the Institute of Software at the Chinese Academy of Sciences. The lab will research fundamental consensus protocols, privacy protection and security in decentralized applications with the goal of solving the efficiency and stability challenges that restrict the wider application of blockchain. (Source: GlobeNewswire)

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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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