Curtin University, the largest university in Western Australia with over 58,000 students, launched a cryptocurrency PhD program funded with a cryptocurrency. The news was announced on the Uni’s blog on July 23, 2019.
Targeted mainly at cryptocurrency, blockchain, and data analytics students, the higher education program will be entirely funded with bitcoin or Ethereum — the school’s officials say this will help popularize cryptocurrencies.
To this end, the Uni created The PhD Scholarship Fund that will accept donations entirely in Bitcoin and Ethereum. The new Fund will enable companies and individuals to donate cryptocurrency to fund PhD students interested in pursuing education in the above-mentioned areas. The most generous donors can even choose the field of specialty that the Cryptocurrency PhD Scholarship Fund will sponsor.
Curtin University Associate Deputy Vice-Chancellor Research Excellence Professor Garry Allison notes the fund is a good opportunity for cryptocurrency investors to foster a new generation of PhD graduates who will help develop this new technology.
“By establishing the Cryptocurrency PhD Scholarship Fund, Curtin will provide the opportunity for entrepreneurs who have realized significant benefits from cryptocurrencies such as Bitcoin and Ethereum to give something back to these communities,” said Professor Allison.
In order to support real-time, peer-to-peer payments on both Bitcoin and Ethereum blockchains, Curtin University has partnered with a blockchain startup Centrality and payments services firm Nelnet International who developed a Web 3.0 payment system.
Centrality will also make its Web 3.0 platform and developer toolkits available for students and researchers. This will enable the Curtin community to use real-world software to build decentralized applications that leverage the latest technology, like Industry 4.0.
“These graduates won’t just research technology, they’ll contribute positively to building a more equitable digital economy,” Centrality Group General Manager Jerome Faury said.
In the last few months, other educational institutions like Dublin City University and University of British Columbia have also launched blockchain technology programs.
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