Chinese Universities to Launch DAO

According to the idea of ​​the creators, the project will become the opposite of the American Ivy League and is designed to make education more affordable
29 May 2018   809

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.

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   102

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.


Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.