Based on the current development of blockchain in various countries, it’s easy to say that the revolutionary technology is here to stay. To help secure the future of the underlying technology for cryptocurrencies, certain companies are taking steps to help increase what the future generation knows about blockchain.
London-based global fintech hub LATTICE80 recently announced a major venture with regards to blockchain. The company has created a new nonprofit foundation that would offer free blockchain educational programs for students in Singapore.
LATTICE80 founding CEO Joe Seunghyun Cho says that he sees the most potential in Singapore when it comes to what it can contribute to the blockchain industry.
In a statement, Cho says that Singapore has been a prominent contributor in fintech. He adds that the talent Singapore has in terms of technology is amazing, and it can help support the fast-growing blockchain industry. Through KAYA Network, LATTICE80’s Singapore branch will offer the world’s first class educational programs for the technology.
LATTICE80 is yet to fully detail the upcoming program, such as just how many students the company can house in the free program.
In addition to this, the National University of Singapore (NUS) announced last year that they are going to partner with IBM to help develop a curriculum centered on blockchain and other distributed ledger technology. Then in January 2018, the courses were finally introduced into Singapore’s biggest school. The new curriculum is a part of the Information Systems degree program that specializes in fintech.
LATTICE80 is yet to reveal exactly what it will offer with its free educational program, but it is expected that their courses will be more intensive. Students can expect to learn about basic subjects such as how blockchain works, as well as harder topics such as the various applications of the technology.
Aside from this aggressive educational approach, Singapore’s blockchain industry is also getting a huge support from the local government. According to Forbes, the Monetary Authority of Singapore recently proposed new regulatory standards that will be geared toward accommodating blockchain-based, decentralized exchanges. Furthermore, the Intellectual Properties Office said in April that they are going to expedite patent processes for fintech companies. Part of those who will benefit from this is blockchain applications.
Singapore has a huge edge over other countries in the race to become the global leader in blockchain technology. Their government is more open to supporting the technology already, so there is nothing that is stopping the full growth of the industry.
LATTICE80’s free educational blockchain programs are certainly going to serve as a huge boost to Singapore’s tech ecosystem. That and the Singaporean government’s approach to blockchain are a good combination. We can expect the country to become one of the top contributors to the industry in the years ahead. Hopefully, other countries will follow suit and begin offering similar programs on their own.
Why apps should be part of your business digital transformation
There are various benefits a business can gain using a digital-first strategy. Here's a look at how a digital transformation...
Here’s why personal space is a vanishing commodity on airplanes
When it comes to personal space on airplanes, what portions can a passenger truly control?
Here’s a leadership advice from the world’s oldest billionaire
If you’ll carry lessons from anyone else today, let them be from the world’s oldest billionaire who at the age...
Ford, VW discuss potential partnership after White House meeting
In the wake of German automakers' meeting with U.S. President Trump, VW and Ford reveal more of their plans regarding...
Select cannabis companies continue to flourish amid market downtrend
Today’s cannabis industry is operating with a lot of energy and competition, yet some companies continue to be a cut...
Featured1 day ago
CEOs Fishkin and Ramsay: From financial burdens to million-dollar companies
Destinations2 days ago
Millennials with money escape to Mexico’s Bohemian luxury
Agriculture5 days ago
US could ship new soybeans to China by mid-January after Trump-Xi truce
Commodities4 days ago
Silver remains undervalued, but the silver to gold ratio suggests huge profits could come its way
Entrepreneurship4 days ago
How to make the best out of email marketing
Business3 days ago
Disney continues quest to buy Fox, Brazilian regulators raise concerns
Business4 days ago
GlaxoSmithKline to acquire Tesaro to strengthen pharmaceuticals business
Entrepreneurship5 days ago
Is your client too selective?