A group of leading Chinese universities are planning to create a decentralized autonomous organization (DAO) in order to make educational resources more accessible. This is reported by Coindesk.
The initiative called the Youth Education Chain League (YEC League) will be attended by the Beijing and Zhejiang universities, as well as the Tsinghua University. Educational institutions and research institutes will act as nodes in the DAO.
According to the idea of the creators, the project will become the opposite of the American Ivy League, in which educational resources are for the most part only accessible to the elite.
Ultimately, participants will be able to vote for future developments and applications on the platform, while students will have access to educational resources from different institutions located on the common blockchain.