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Homepage / News May 28, 2018 34 views

Universities to Create Blockchain DAO for Inexpensive Education

Universities to Construct Blockchain DAO for Inexpensive Education

A group of best-tier Chinese universities in China is preparing to develop a decentralized, blockchain-powered organization aimed to make educational sources a lot more accessible and affordable.

Led by Tsinghua x-lab, the innovation incubator at China’s Tsinghua University,&nbspalong with numerous other educational institutions such as the Peking and Zhejiang universities, the initiative was revealed on Sunday.

Dubbed the Youth Education Chain League (YEC League), the project’s vision is to turn into the opposite of the U.S. Ivy League, in which educational resources are largely limited to the elite, the announcement says.

To do that, the university’s innovation center seeks to&nbspbuild a decentralized autonomous organization (or DAO) based on a blockchain protocol, and which universities or study institutions can join as distributed nodes.

The end purpose, according to x-lab, is to let participants vote for future development and applications over the platform, although students and faculties could potentially gain access to educational resources from various institutions shared over its distributed ledger.

Although x-lab has not yet disclosed a concrete timeline for the projects improvement, the initiative marks a significant collaborative move by public universities in China as portion of their wider push into researching and building blockchain technologies.

As previously reported by CoinDesk, universities in China have been pursuing blockchain patents since 2015.

In reality,&nbspdata from the China Intellectual Property Office shows that universities in the country have filed a total of nearly 140 patent applications that relate to blockchain technologies more than the previous three years, covering a wide range of fields.

Tsinghua University image by means of Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic requirements and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Published at Mon, 28 May 2018 15:10:17 +0000

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