While bitcoin and legacy cryptos continue to see decline in financial markets, crypto and blockchain technologies continue to garner attention and importance in various fields across the globe. Latest development in the industry is adoption of crypto and block chain based course in some of key universities from New York, Luxembourg & Japan which have received backing from major tech giants and industry heavy weights. In New York, Columbia University & IBM have announced two new accelerator programs for blockchain developers which are expected to support 10 different start ups and will last above eight weeks giving the participants access to technology and services valued at approximately $400,000. The attractive part of this offer for the participants is that neither the academic institution nor the technologies giant will seek any form of equity or a payment in return for services offered in the programs.
The Columbia blockchain Launch Accelerator is created for companies which are still in idea-stage and pre seed state with affiliation to New York City-based universities while IBM Blockchain Accelerator is designed for after stage growth companies from all over the world and is focused on enterprise business networks. Satish Rao, Executive Director at Columbia Blockchain Launch Accelerator, commented: “Early and late-stage teams will undoubtedly benefit from IBM’s technology resources, expertise and established network coupled with Columbia’s ground-breaking research and talent in blockchain and data transparency, all while benefiting from rapidly growing NYC blockchain communities”.
On European end, VNX Exchange a Luxembourg based company has partnered with the University of Luxembourg in order to enhance the security of crypto assets. As a part of the cooperation, researchers at the university’s Interdisciplinary Centre for Security, Reliability and Trust will try to create a safer trading environment by developing higher levels of network security and designing new IT frameworks to address security and validation issues as today’s market also faces the need for verification of contracts that control the execution of individual transaction to prevent vulnerabilities. According to Dr Radu State an expert in network security at the center, the partnership will address two main aspects which are
- Protection against criminals who aim to hack system for stealing money & Information.
- Guaranteeing compliance with Anti money laundering & KYC regulations.
In Japan, The University of Tokyo has received a donation of about 90 million Japanese yen to assist a blockchain innovation course for engineering students which is backed by Ethereum Foundation and Sumitomo Mitsui Financial Group, the holding company behind the second largest bank in Japan by market value and Money Forward Inc. As per announcement made by university, the course is expected to teach students interested in entrepreneurship about blockchain technology and startup management knowhow via intensive lectures and various events to students who have very strong math capabilities with aim to encourage the development of a win-win-win business model for companies, users, and society.