The First Blockchain University May Open in Malta
An Oxford researcher known as Joshua Broggi, wants to open the first blockchain university in Malta. At the moment he is waiting for the accreditation that would let him start this project.
Researcher Wants to Open Blockchain University
Malta is known as the blockchain and crypto island for a reason. Its government has been always very supportive of different crypto companies. Indeed, the crypto exchange Binance has decided to settle its operations here.
This time, Broggi wants to open the first Blockchain University in the world. The information has been released by the local news outlet Lovin Malta on August 27.
Broggi explained about the initiative:
“Malta provides an educational framework based in the British tradition – and after Brexit, Mala will remain both an EU member state and a Commonwealth member. We have had productive meetings with [Education Minister] Evarist Bartolo and the National Commission for Further and Higher Education (NCFHE).”
The so-called Woolf University will be entirely running on blockchain technology. Moreover, it will be automating administrative procedures and increasing its security. Although it will not be an online university per se, it wants to implement on-site and online teaching. This will provide students with personalized tutorials and a unique experience. Additional teachers will be paid tokens and provided with micro-credits.
During a conversation with Forbes, Broggi commented:
“We use a blockchain to create efficiencies by managing custodianship of student tuition, enforcing regulatory compliance for accreditation, and automation a number of processes. Our blockchain-enforced accreditation processes are such that teachers and students from outside the EU can join our platform and earn a full EU degree – a non-EU student with a non-EU teacher in a non-EU language.”
At the moment, the University was able to attract several well-qualified professors and lecturers. Most of them come from the University of Oxford. But there are also some teachers from Cambridge University, George Mason University, King’s College London, and many other institutions around the world.
In the future, the University aims to have more than just one regulatory partner. Malta attracted the professor because of its new laws to regulate blockchain technology. Moreover, the government has also helped by a pilot project launched by the Education Ministry.
Initially, Woolf was thinking to issue a token to fund the university. However, he was able to gather enough private investment and delay the ICO.