Yonsei University and Pohang University of Science and Technology (POSTECH) together plan on developing a blockchain campus and launching a new cryptocurrency that can be used within the campus, as reported by Business Korea on 3 April.
The Idea Behind
The universities aim to improve the implementation of blockchain within the country while offering their students a brush with the latest technology and hoping to give them an edge for the future.
Plans in the Pipeline
Yonsei is expected to launch the blockchain program in the second half of 2019. The University already boasts of an enthusiastic blockchain community which is going to work with peers from Postech. There are a number of plans that will follow the initiative like the establishment of entrepreneurial programs and research centers.
Postech will launch Engram, a knowledge sharing system, and an altcoin for its campus called Neuron. Engram will allow students to share information quite efficiently and also earn rewards for good knowledge content through its own cryptocurrency that can be used within the campus, like in the cafeteria.
A blockchain-based voting survey system, Voting For Students, which is to be used for voting and student life survey is also in the pipeline. After this, the information recorded on the system cannot be altered or falsified because of its blockchain-backed nature.
Postech President on the Partnership
Kim Doh-yeon, POSTECH president, said, “The blockchain technology has innovative and destructive power to create a new concept industry.” Adding to this he also said that it is meaningful that Yonsei University and POSTECH are coming together to “jointly design the future of core technology and establish educational and research foundations for future talent to prepare for the technology.”
Yonsei’s Other Blockchain-Related Ventures
It is not for the first time that Yonsei has partnered with other organizations, as in late 2018, it had partnered with the Tezos foundation for the training in smart contracts and had also signed a Memorandum of Understanding with them.