Researcher in Oxford desires to establish world’s first blockchain university in Malta
A researcher known as Joshua Broggi from the Oxford University has plans to set up the world’s first ever Blockchain university in Malta.
In order to save operation costs through automating administrative procedures, the big establishment, Woolf University, will run entirely on Blockchain technology.
In the meantime, degrees earned from the university will be secured and be validated using Blockchain through the help of the Blockchain cryptographic design and trustless immutable ledger technology.
Broggi told Forbes in an interview: “We use a Blockchain to create efficiencies by managing custodianship of student tuition, enforcing regulatory compliance for accreditation, and automation number of processes”
A variety of courses – both online and on-site – will be offered at the university. The institution is set up in such a way that it will encourage learning and teaching from any part of the world through personalized tutorials. According to Broggi, both students and teachers will check-in into the system.
The system will set off a series of smart contracts that validate such things as attendances and completion of assignments, as well as prompt teachers’ pay for their instructions, while also providing the students with micro credits with which they can apply against their courses.
Professors from a wide range of universities worldwide have expressed their interest towards the Blockchain university, including Cambridge University, Oxford University, George Mason University, Kyoto University, King’s College London and Leipzig University.
Though the original plan to fund Blockchain university was going to be suitably through an Initial Coin Offering, Woolf has already received enough subsidy from private investors such as to forego the initial plan and continue with his plans.
With Malta rapidly earning a rep- utation in the Blockchain community as being very supportive and eager to push for the emerging technology forward with regulatory support, Broggi’s reiterates that this makes Malta “an ideal partner for a borderless university”
“As an island country, Malta has a long tradition of looking beyond its own borders, and Malta is now developing a robust regulatory framework for distributed ledger technology. Both the educational policies and the Blockchain policies are supportive of Woolf’s aims and we look forward to continued work with Malta as they become ‘the Blockchain island,'” Broggi said.