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!
Is Toronto Next to Accept Bitcoin for Property Taxes?
Toronto is the biggest city of Canada with a population of more than 6 million. It’s also one of the leading global financial centers which makes it an attractive place for investors.
Bitcoin has emerged as the leading cryptocurrency in the world and attracted a lot of attention from financial investors. There are many crypto exchanges and investors in Toronto, which makes it an important destination for crypto startups and investors.
Recently, there has been a surge in usage of Bitcoin in the Real Estate world as lot of companies around the world are now accepting Bitcoin for buying and selling of properties. In April 2019, Innisfil, A town located in Ontario, at a distance of about 1 hour drive from Toronto, announced that they will accept Bitcoin for property taxes at the municipal level. In July this year, Richmond Hill announced that they are ready to accept Bitcoin as a payment method for property taxes.
Evan Kuhn, Co-Founder of a Toronto based crypto exchange Coinberry believes that integration of Bitcoin as a payment method for property taxes in Toronto can reduce cost, not only for tax payers, but for municipalities as well. Kuhn mentioned
“It doesn’t cost homeowners to use the service, and it costs the municipalities far less in processing fees”
“A credit card company charges a 3% fee,” he said. “Our fee is .5%, so that’s a lot more beneficial for the municipalities.”
He further explained the entire process to make it simple for the users and for the authorities. “When a resident makes a payment through our exchange, the company immediately converts the Bitcoin into Canadian Dollars and pays the relevant authority, so in basic concept this entire process works like a credit card system but with lower fee for both parties”
Morning Crypto Roundup
- Crypto market entered into a consolidation phase, with market cap at around $265 billion, market is currently trading in a range
- Bitcoin stays above $10,000
- Gray scale reported in a recent report that there are 7.1 million active Bitcoin users worldwide with more than 32 million Bitcoin wallets.
- After Innisfil and Richmond Hills, is Toronto next to explore an opportunity to pay property taxes through Bitcoin?
- According to a report from CryptoCompare.com, Untrusted crypto exchanges are dominating the crypto volume with more than 2/3 share