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The University of Wyoming (UW) launched a file Center for Blockchain and Digital Innovation.
As mentioned on the UW website:
“Wyoming is a known pioneer state for primates. In recent years, the state has passed groundbreaking legislation to create a regulatory environment to promote the growth of blockchain applications and diversify the economy. ”
The announcement also noted that the University is establishing a new Center for blockchain or distributed ledger technology (DLT) and digital innovation so that they can deliver appropriate training programs to the state’s future workforce.
As explained by the University of Wyoming, a blockchain is a digital or online record of transactions in which each transaction is added to the chain after it has been verified by several independently operating computers (commonly called nodes).
Blockchain or DLT has been used to issue decentralized cryptocurrencies or digital assets. However, it has many other applications, such as its use to improve supply chain processes and digital payment and settlement systems. Many large enterprises currently use DLT networks in identity verification systems and commercial finance applications (among other use cases).
Steven Lupien, Adjunct Professor of Finance and Director of the new UW Digital Innovation Center, said:
“This technology will fundamentally change the way businesses and consumers operate in the future, just as the Internet did.”
There are many other universities with their own blockchain or DLT centers. They include Arizona State University, the University of Arkansas, Carnegie Mellon University, Columbia University, Cornell University, Duke University, the University of Michigan, the Massachusetts Institute of Technology, Stanford University, and the University of Texas-Austin.
Caitlin Long, the CEO of Forward, a digital asset focused bank that recently received regulatory approval to offer services in Wyoming, said:
“UW is in a rarefied air. We are working with some of the best scientific universities in the country. “
Long served on the Wyoming Blockchain Task Force and currently chairs UW’s WyoHackathon. He has worked cooperatively with Wyoming state lawmakers, including Rep. Tyler Lindholm and Senator Chris Rothfuss. Long helped establish major blockchain-related legislation in Wyoming.
She added:
“It’s about economic diversification. It has always been about jobs and bringing capital outside the state. Now we will have employers looking for UW graduates. “
YOUR President And Seidel noted:
“This new center supports three of the four pillars we have established to guide the university: being more computational, interdisciplinary and entrepreneurial …. The university is committed to helping drive future economic development in Wyoming, and this center has a incredible potential to do so. “
College of Business Dean Dave Sprott he said the university will offer an undergraduate-level minor that will be “open to any major by next fall.” The university may also offer technical degree certificates and a Bachelor’s and Master’s degree in common law.
In February 2020, the University of Wyoming received a gift of $ 500,000 in Cardano’s ADA tokens from IOHK (Input Output Hong Kong), an organization that supports the Cardano blockchain project led by Charles Hoskinson. The prize was doubled to $ 1 million through a state-owned matching program. The IOHK donation will reportedly be used to create a blockchain or DLT lab at the College of Engineering and Applied Science.
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