Re­searcher in Ox­ford de­sires to es­tab­lish world’s first blockchain univer­sity in Malta

The Malta Business Weekly - - FRONT PAGE -

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.

Newspapers in English

Newspapers from Malta

© PressReader. All rights reserved.