Blockchain, a provider of digital currency and distributed ledger software, has launched Digital Asset Research Lab in collaboration with Imperial College London.

The lab has been funded as part of a three year partnership with Imperial’s Center for Cryptocurrency Research and Engineering (IC3RE).

William Knottenbelt, the director of IC3RE, said: “As digital assets mature and we see increased adoption, the time has come to investigate the challenges surrounding this nascent but transformative technology. Blockchain is the perfect partner to help us realize that ambition.”

The lab will include a Steering Committee which will oversee the performance of current projects, and consider and approve of potential future projects.

The committee, which will consist of Blockchain CEO Peter Smith, will be responsible for deciding the areas of research and prototyping. It will meet twice a year.

“A big focus for our very first projects will likely be smart contracts and state channels,” Blockchain said in its blog post.

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