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Yes blockchain will make the statement "more reliable". But there is another educational benefit that nobody talks about.
A few minutes after meeting a founder of the ICO, his dreaded explanation begins to emerge around the "why blockchain will revolutionize this sector". Your eyes move as the greedy founder strives to explain how the blockchain is decentralizing A, B or C and, in turn, "increasing trust for all parties involved".
Your deviant mind happily offers itself, "Go build something that people can actually use." Nodded politely and say something to the tone of "oh beautiful!"
After a tumult of 2018, it is clear that many people have rushed into the "blockchain" and linked it to cryptocurrencies, as a means to "get rich quick" through ICO and other tangential services.
Of course, we all had to pay the piper.
Countless blockchain companies have collapsed. The market has lost over 90% across the board. And many have lost thousands or millions. During a call with a possible rent, he shared with me "Today [our company] dismissed all 50 employees, without compensation and without notice. Tomorrow no one has work. "
Why and how many companies can panic? Everything is reduced to this: knowledge is misplaced.
The right people have not been informed about the best use of the new technology. And therefore, they abused and abused it. Instead of building real solutions, they simply collected their investments, spent a lot of money and then had to close their doors when the hype died and the markets collapsed.
My company, BitMart, is a cryptocurrency trading platform that supports over 550 merchants. Our exchange has just announced a partnership with Stony Brook University, one of the ten universities recognized by the National Science Foundation for the integration of research with university education. We are collaborating to create a world of blockchain based on research and knowledge.
Why the instruction for Blockchain?
First of all, if we remember the whole drama throughout 2018, we find a nice collection of ICO scams and "pump & dump". In our current internet infrastructure, we are able to make scams via the internet. But we are also able to display with immense transparency via the internet.
Together, they left the whole year in chaos.
The second is the "Why?" Who is driving scams around?
Mainly, it is because of the information and knowledge gap that leads each of us to have a different understanding of the blockchain / cryptocurrency.
Thus, groups of pyramids scammers find their appropriate ways to bluff on them [belief] on blockchain.
The funny part is that many have no idea what blockchain technology is, instead they simply confuse people by combining cryptography and blockchain concepts together. It's a shame – supporting the crypt by relying on the blockchain.
Blockchain is a complex structure of knowledge that involves information technology, cryptography, mathematics, statistics, logic, sociology and business; most people who understand "bitcoins in a minute" provide fragmented and fragmented information on how to use blockchain to vulnerable ears.
We all know that it is not enough. But it's pretty catchy for a keen 21-year-old retail investor with dreams of grandeur, buying in an ICO.
The most horrible thing in the world is when "we do not really know what we do not know, but we pretend to know".
Third – as an exchange, we had the chance to get up on a higher level to see thousands again [ICO projects] getting closer, we saw enough of their routine.
We realized that this is not the right way to block the blockchain by itself and not the right way in which the blockchain community will go on.
Therefore, we believe that, as an exchange, and as the center for blockchain-related projects, institutional education is the key to maintaining the sustainability of a healthy blockchain community.
Fourth – For these reasons, we are moving into the educational space.
We started collaborating with high-level institutions supporting their research on the economic and IT parts of the blockchain.
In addition, it offers internship and fellowship programs to talented students who have a passion for blockchain space.
We believe that by collaborating with those high-level research institutions together, we are able to contribute to our influence to push the community towards a healthier direction.
What's the point of all this?
It is no longer enough to simply collect capital in a wild west style ICO. Blockchain societies are forced to be much more pragmatic.
People are learning that learning is the most important part.
But there is a positive side in all the chaos. Fans of good weather are taking off the road of technology and we think leaders like Stony Brook (SUNY) and BitMart are working to spread true knowledge around the blockchain and create real-life applications.
Universities like SUNY are educating the younger demographic data and making people understand the technology more closely, at an earlier stage, solving the problem at the center and growing concisely.
The future seems brighter than ever, now that the clouds have cleared.
