As the Arizona State University’s Blockchain Research Laboratory collaborates with cryptocurrency, Blockchain research is set to get a cash injection from Dash.
Increasing blockchain awareness has made the industries realize that it could be a feasible solution in their business. However, as with any evolving technology, time and effort need to be put into researching its mainstream benefits.
Dash offers financial support for Blockchain research;
In November 2017, Arizona State University (ASU) entered into an association with Dash. The self-funding crypto offers many distinguished features, including instant and private trades through its InstantSend and PrivateSend features respectively.
According to AZ Big Media, the move came after Dash donated $50k to the ASU’s Blockchain Research Laboratory (BRL) in August 2017.
The partnership will provide $100k to fund undergraduate and graduate research fellowships, and open source projects under the Dash Scholars Program.Moreover, the program will also contribute $50k to the Luminosity Lab and blockchain course development and $100k to the BRL. In addition, $100k will be allocated to an ASU online graduate course scheduled for this fall.
BRL hopes to foster mainstream Blockchain integration
Director of BRL and a research professor in ASU’s School of Computing, Informatics and Decision Systems Engineering, Dragan Boscovic , expressed his excitement for the partnership:
ASU welcomes this initiative and is ready to play its role in creating a potent blockchain research and innovation environment for young talents to develop practical blockchain applications.
Ryan Taylor, CEO of Dash Core, is also looking forward to what the venture will offer:
This partnership is going to be beneficial for both sides. Dash benefits from fast valuable independent insights into how we can improve our plans for scaling to massively large numbers of trades. ASU will benefit from gaining access to one of the most innovative teams in the digital currency industry. The entire blockchain industry will benefit from the best practices that will develop from the research, and the creation of a graduate course is a marvelous leap in blockchain’s path towards rapid, mainstream adoption.
Despite the fact that blockchain will dependably be the fundamental innovation for virtual currencies, the BRL wants to concentrate on actualizing it into different ventures, for example, the financial division and contract-based organizations presently making utilization of intermediaries.
The BRL additionally incorporates different experts, for example, employees from the Ira A. Fulton Schools of Engineering whose Dean, Kyle Squires, had this to state:
The Blockchain Research Lab not just offersstudents early access to blockchain technologies that are changing the idea of business exchanges, it is giving them a chance to be a piece of the outline procedure and an exceptional open door for true development and plan.
Do you think that 2018 will see more mainstream businesses adopting blockchain technology? Let us know in the comments below!
Crypto Market cap reached $275 billion
Market cap of crypto currencies reached the level of $275 Billion after a spike on 4rth July 2018, Bitcoin maintaining its dominance at 42% , making it the biggest crypto currency in the world.
Bitcoin price currently trading at around $6700 after a 3% spike in the price , making it jump from $6500 to $6700 within minutes, analysts are predicting that this recent upside movement in crypto market in weak and need to sustain these levels in order to attract more buyers, otherwise overall bearish market is still in control.
$7000 is a key level for Bitcoin
$7000 is very important level for bitcoin according to many technical analysts, If it breaks above $7000 and stays there then chances are that upside move will be healthy, otherwise bear will look forward to take control of the situation again.
Switzerland merging Cryptocurrencies with conventional banking
Switzerland is on the right track to become a Crypto nation and country is making efforts to allow cryptcocurrencies to fully access conventional banking .
Bitcoin and other crypto currencies has taken a big hit in brutal bear market of 2018 but that’s not stopping Switzerland to allow cryptocurrencies to fully access conventional banking system within the country. Switzerland is currently in progress and drafting rules and regulations for such collaborations.
Heinz Tännler, Swiss expert & finance director of Zug canton, told media earlier that politicians were moving to allow crypto companies to work with banks, adding that Switzerland’s central bank, financial supervisor and federal government “are willing to help”.
He said: “We hope to clarify relationships by the end of the year at the latest.
“Time is pressing, other jurisdictions such as Malta and Singapore are very active and making a lot of effort to attract these companies. The lack of access to bank services is a significant competitive disadvantage.”
“We have to push certain national institutions to resolve this problem quickly and effectively, but that now seems to be going well.”
Blockchain becoming the global phenomenon
The concept of Blockchain is interesting and attractive for all the countries, many countries may disagree on the existence and usage of cryptocurrencies, but all of them agree with the fact concept of blockchain is not going anywhere and governments can benefit from this technology in various fields, but if you ask any expert of blockchain, he would tell you that success of Blockchain technology has to be linked with existence of crypto currencies, without crypto currencies, and ecosystem can’t exist, many governments around the world are slowly recognizing the fact and Switzerland is definitely on the right track if they allow crypto currencies to work in collaboration with the Banks, because many banks around the world are not allowing crypto currencies to offer services through them, but this initiative will open many doors in that regards.
Crypto market stabilizing gradually
Crypto market is stabilizing around $450 billion market cap after gradual increase in overall value in recent weeks.
Leading crypto currencies are on the rise, lead by Bitcoin, Ethereum, Bitcoin Cash and Ripple. Although increase in bitcoin value is less as compared to other crypto currencies but overall market is on rise with current market of $440 billion.
Bitcoin is currently hovering around the $9300 mark after being rejected at $10000 mark couple of times in last days, Ethereum is on the charge as well but the most surprising one is Bitcoin cash. Bitcoin cash was at $600 couple of weeks ago and now at $1600, shows rapid growth in recent weeks.
Crypto currency of the month has to be EOS, investors of EOS are enjoying a massive rise in value in past few weeks, EOS started April at $5 mark and now is at $18 , value of EOS increased more than 3 times within one month.
Current top 5 crypto currencies
- Bitcoin : $9388
- Ethereum: $741
- Ripple: $0.83
- Bitcoin Cash: $1630
- EOS: $18.28
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