Universities to Construct Blockchain DAO for Affordable Education
Led by Tsinghua x-lab, the invention incubator in China’s Tsinghua University, together with many other educational institutions such as the Peking and Zhejiang universities, the initiative was shown on Sunday.
Published at Mon, 28 May 2018 15:10:17 +0000
In reality, data in the China Intellectual Property Office indicates that colleges in the country have registered a total of nearly 140 patent applications that are related to blockchain technology within the previous few decades, covering a vast range of fields.
As previously reported by CoinDesk, universities in China are pursuing blockchain patents because 2015.
To do that, the faculty’s invention center seeks to build a decentralized autonomous company (or DAO) based on a blockchain protocol, and universities or research institutions may combine as dispersed nodes.
A group of top-tier Chinese universities from China is likely to build a decentralized, blockchain-powered organization aimed to create educational tools more accessible and reasonably priced.
Tsinghua University picture via Shutterstock
The end aim, according to x-lab, is to allow participants vote for future development and applications over the platform, whereas both students and faculties could potentially obtain access to educational resources from other institutions shared within its distributed ledger.
Though x-lab has not yet disclosed a concrete timeline for the projects development, the initiative marks a significant collaborative move by public colleges in China as a part of their wider push into exploring and developing blockchain engineering.
Dubbed the Youth Education Chain League (YEC League), the project’s vision is to become the opposite of their U.S. Ivy League, where educational tools are largely restricted to the elite, the statement says.
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