Universities in South Korea Partner to Create New Innovative Blockchain Campus with Its Own Coin

Yonsei University and Pohang University of Science and Technology (Postech) will be developing a new Blockchain campus that will have its own virtual currencies.

These two South Korean universities aim at improving the blockchain ecosystem in the country. The information was released by Business Korea on April 3.

Universities Create Blockchain Campus in South Korea

Yonsei University has an already active blockchain community that will be working with peers from Postech. The initiative is expected to be launched as soon as in the second half of this year. There will be a dedicated research center and an entrepreneurial program, among other plans that are currently in the pipeline.

Moreover, Postech is also developing a blockchain-based knowledge sharing system that is called Engram. This will also be featuring a rewards system that uses a virtual currency called Neuron. The Neuron token will be accepted at the local cafeteria at the University.

In addition to it, users will have a blockchain voting system that will allow students to vote on many different issues.

The president of Postech, Kim Doh-yeon, commented about this initiative:

“Blockchain technology has innovative and destructive power to create a new concept industry. It is meaningful that POSTECH and Yonsei Universityjointly design the future of core technology and establish educational and research foundations for future talent to prepare for the technology.”

This is not the first partnership that Yonsei signs. Back in 2018, the university signed a Memorandum of Understanding with a branch of the Tezos foundation. There are different universities that are also working with blockchain technology or that want to increase its participation in the distributed ledger technology (DLT) market.

Other educational institutions are already offering courses about virtual currencies and blockchain technology.