Ethereum for australian students

Sydney University launched the project letting students earn cryptocurrency by making purchases via mobile app
17 October 2017   4096

A public university in Sydney tied up with the University of New South Wales and the startup LoyaltyX to let students participate in Unify Rewards program where they can earn ETHs making transactions through specially developed mobile application at stores located in the area of Sydney University. Students receive $5 worth of Ethereum for every ten transactions they make. The duration of the program is from October 6 to November 20 of 2017 and involves 500 participants.

By launching such project LoyaltyX and UNSW want to collect data about the peculiarities of behaviour of students when they get Ethereums in comparison with traditional points.

We are confident that they will find it much more attractive, but the study will give us a more definitive answer.

 

Andrew Lowe

Managing director, LoyaltyX

It’s not the first time when world famous universities use cryptocurrency to interact with students. Massachusetts Institute of Technology operated with cryptocurrency several times, distributing $500,000 in Bitcoins to undergraduate students and announcing launch of Litecoin project which was never actually implemented.

dOrg to Become The First DAO With Legal Status in US

DAO is a company in which the centralized leadership and hierarchy is replaced by a smart contract
13 June 2019   192

The decentralized autonomous organization (DAO) dOrg based on the DAOstack framework registered dOrg LLC in Vermont, USA. This was the first precedent in the United States, according to law firm Gravel & Shea.

According to the company, the blockchain-based limited liability company (BBLLC) has a legal status, which allows it to enter into agreements and protect the interests of participants in accordance with applicable law.

Note that a DAO is a company in which the centralized leadership and hierarchy is replaced by a smart contract. Decisions in such organizations are made by voting by the participants, which provides consensus.

dOrg asked us to help design a DAO legal wrapper after discovering the potential of BBLLCs. We believe that dOrg is now the first legal entity that directly references blockchain code as its source of governance. Its material operations and ownership interests are managed entirely on-chain.
 

Oliver Goodenough

Law professor, Vermont Law School and special counsel, Gravel & Shea

dOrg believes that they have made the first step in integrating the DAO format into the existing economy.

Some time ago, Moloch DAO attracted 1000 ETH from Vitalik Buterin, Joseph Lubin, start-up ConsenSys and non-profit organization Ethereum Foundation.