Keeping up with the changing times, a team of Oxford researchers and academics are all set to launch the world’s first ‘blockchain university’, with teaching set to begin in early 2019. Woolf University will be the first-of-its-kind to implement the technology behind cryptocurrencies like Bitcoin [BTC]. The academics claim that the system will make education cheaper for students in comparison to traditional universities, while simultaneously increasing the pay of teachers.
The university’s major selling point is the low cost of courses. This is because of the use of their own blockchain data ledger which eradicates the need for regulators and administrative teams. The feature can also help distributed governance structures and ensure data security.
According to Joshua Broggi, the founder of Woolf University, blockchain technology can also help solve various problems plaguing the education industry. A distributed ledger can help ensure that an individual does not get a degree from a university they did not graduate from, says Broggi. By reducing the number of middlemen and automating administrative processes, a distributed ledger can facilitate cost savings.
Furthermore, it also verifies whether a candidate earned a credential from an out-of-business institution or not. Another benefit of deploying the blockchain technology is the accumulation of credit from multiple providers. Broggi says:
“We use a blockchain to create efficiencies by managing custodianship of student tuition, enforcing regulatory compliance for accreditation, and automating a number of processes.”
The first college to use the platform will be Ambrose, which will provide a digital version of the Oxford tutorials at the cost of $400 per session. Broggi expects the system to gain groundbreaking popularity, with more players coming in at lower costs.
The university will also enable students from outside the European Union [EU] to get a complete EU degree. The attendance of students and teachers will be tracked using a smart “check-in”, says Broggi.
Though Woolf University is the first full-fledged educational institution to explore the technology, many others have also experimented with the technology. United State’s Arizona State University has deployed a blockchain research lab to analyze how the technology “positively impacts the world”.
The project has also attracted criticism, with some blockchain and education experts questioning the need for using the technology in the education sector. Michele Finck, author of ‘Blockchain Regulation and Governance in Europe’ opined that the project in itself was questioning the very premise of university education in Europe.
According to him, though the use of blockchain technology is a good educational addition, university education has more to do with “soft skills and being part of a real-world community that supports, stimulates and challenges you in your way into adulthood.”
Subscribe to AMBCrypto’s Newsletter
Coinbase is a huge net positive for not just cryptocurrencies, but for the world, says Bitcoin Cash proponent Roger Ver
Roger Ver, a well-known Bitcoin Cash influencer and CEO of Bitcoin.com, spoke about the controversy surrounding #DeleteCoinbase campaign, where he stood by the exchange. He also explained the reason behind why he does not consider BTC to be Bitcoin, in an interview with BreakerMag.
Coinbase, a leading cryptocurrency exchange platform, recently made an uproar in the cryptocurrency market over acquiring Neutrino, a blockchain analytics firm. This acquisition resulted in the majority of the cryptocurrency space joining the #DeleteCoinbase movement as the Neutrino team was previously associated with Hacking Team. More so, it was further revealed that the acquisition took place because Coinbase’s providers were selling its data to outside sources.
However, while the majority of the space was chanting #DeleteCoinbase, Roger Ver, on the contrary, spoke in favor of the exchange. On his official social media handle, Ver had stated that the exchange has made a lot of contribution towards driving the adoption of the cryptocurrency space and that space should “be grateful despite a few poor decisions along the way”, adding “Don’t #DeleteCoinbase”.
In the interview, Ver was asked whether Neutrino’s association with Hacking Team did not bother him, and the reason behing why he chose to stay beside the exchange. To this, Ver stated that he was “incredibly troubled” with the association, adding that this was a “really stupid mistake”. He went on to state,
“But people make mistakes sometimes, and I don’t think that it was an intentionally bad mistake on Coinbase’s part. Once they saw the error of their ways, they fixed that. And Coinbase has onboarded millions and millions of people to cryptocurrency. I think Coinbase is a huge net positive for not just cryptocurrencies, but for the world.”
This was followed by Ver speaking about the reason behind his belief that BTC is not Bitcoin. Ver has been previously criticized because of the same topic, so much so that there were people who were considering taking legal action against him. This was because of propagation that Bitcoin Cash [BCH] was the real Bitcoin.
On this, Ver stated there were several people who have called him a “scammer” because of this, adding that there were barely any who was up for an argument, instead of name-calling. He also stated that there was a possibility of him believing that BTC was indeed the real Bitcoin, but stated that there weren’t “any arguments that are compelling at this point”. He said,
“I came to those conclusions based on the logic and reason and evidence and arguments that favored those positions. And if someone wants to try and convince me that BTC is bitcoin, even though it’s not a peer-to-peer electronic cash system, I will listen to those arguments and evaluate them based on their merits.”
Subscribe to AMBCrypto’s Newsletter
Ethereum [ETH] might have caught a break from bears due to formation of ‘Golden Cross’
Bitcoin [BTC]: experts expect 20% of exchanges to be compromised to a hack by 2020, says report
Bitcoin [BTC] accumulation phase has officially started, suggests report by Adamant Capital
Bitcoin [BTC]: Financial Crime Enforcement Network raises penalty on trader for violating banking norms
Ethereum’s Vitalik Buterin could have been ‘Non-giver of XRP’ in an alternate universe
Bitcoin SV [BSV]: John McAfee ‘sues Calvin Ayre in four different countries’; vows to bankrupt him
Cardano [ADA]: Proof of Stake [PoS] throws away expensive process & advances the network, says Charles Hoskinson
Cardano [ADA]: We will emerge from 2019 more decentralized than any other network, says Charles Hoskinson
XRP takes another step into mainstream adoption as Skype hints a possible integration
KRONN [KREX] vs. Ripple [XRP]-Which Cryptocurrency is Better?
Is John McAfee among crypto adherents who knows Satoshi’s true identity?
Ethereum [ETH] and Tron [TRX] Price Analysis: Bear’s looming presence drags down a leading coin
Bitcoin [BTC]: Officials crack down on massive BTC fraud in ‘largest pill seizure in the history of New Jersey’
Bitcoin [BTC] and Litecoin [LTC] Price Analysis: BTC relishes bull’s company, while bear takes over LTC’s market