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Blockchain-based startup offering tokens as financial awards to excel at university

Blockchain is disrupting the way we learn and earn

The incremental reward-structure includes scaled payments for high exam results 56% of the top 50 universities in the world now offer at least one course on cryptocurrency or blockchain The totality of blockchain revenues to reach almost $10 billion in the next couple of years

What will make teachers teach better and students get better grades? Certainly educational content that is innovative, modern, and interactive.

A little extra cash in their pockets wouldn’t hurt either.

The STUD Token

Meet Igor Dyachenko, a Ukranian-American entrepreneur who is disrupting the education industry.

Igor created Studyum, which he claims is light years ahead of traditional teaching methods.

“It is almost unbelievable to consider how ineffective are current educational practices. Studyum is a unique and tantalizing educational platform based on AI and blockchain technology,” he told Irish Tech News.

He explains that poor quality content works against a student’s motivation to learn, so Studyum, further incentivises education with not only modern content but also rewarding educators and students with STUD tokens.

“These funds attract the world’s best coaches and instructors. Students are rewarded by Studyum for reaching certain milestones. The incremental reward-structure includes scaled payments for high exam results. People are further encouraged to hold tokens for higher voting rights,” Igor said.

Students, content creators, and investors can purchase the STUD token during a presale and private sale event via an Initial Exchange Offering (IEO) on Biki, Houbi, and Binance.

Read: AI arbitrage trading opportunities gain high profits in new blockchain asset class

Blockchain courses in universities

A Coinbase report finds that 56% of the top 50 universities in the world now offer at least one course on cryptocurrency or blockchain, a 25% increase from 2018. 

The courses cover multiple disciplines, including computer science, engineering, humanities, finance, and more. The report also ranks the top 50 universities by their involvement in the blockchain ecosystem. Cornell University took the top spot, offering 14 blockchain and cryptocurrency-related courses. It is followed by MIT and New York University. 

Out of the 735 students Coinbase surveyed, 34% expressed interest in taking a blockchain-related course, compared to 28% in 2018. 

A VC-backed blockchain firm claiming to work with student-led blockchain clubs at Harvard, Oxford and Cambridge is officially rolling out its programs at three California universities.

MouseBelt‘s Blockchain Accelerator at UC Davis, UC Los Angeles and UC Santa Barabara, boosting the educational presence at the noted U.S. schools. Backed by over $40 million in funding from NueValue Capital, MouseBelt currently aids 65 student blockchain community groups at 14 universities worldwide.

Cryptocurrency firm Ripple’s head of social impact Ken Weber has said universities around the world must expand their education programs to offer blockchain and digital assets training courses that directly relate to actual roles in the industry.

He also cited a report which suggests that “there’s been a 517% increase in demand for software engineers with blockchain development skills in the past year” — but “demand is far outweighing supply.”

Read: How UAE investors can benefit from blockchain investments – A new asset class

Blockchain growth

ABI Research took a dive into blockchain technology and reported its findings, expecting big things from the technology in the years ahead.

ABI Research blockchain and digital security research director Michela Menting said "the totality of blockchain revenues to reach almost $10 billion in the next couple of years," Menting said.

Many mainstream giants have begun incorporating blockchain into their various operations. Enterprise players such as Walmart, Amazon and JPMorgan Chase have all taken steps toward the new tech.