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