Last week, on November 21st, the South Korean arm of Tezos Foundation entered a business agreement with Yonsei University. The two parties signed a Memorandum-of-Understanding (MoU) to spearhead the blockchain development by nurturing unique talent.
Details of the MoU
The two parties will also engage in blockchain education cooperation, exchange of academic information, and developing smart contract experts. According to the press release, the two official parties involved in the MoU include the Tezos Korea Foundation and the Seoul-based Digital Society Research Center at Yonsei University.
Through this agreement, both sides will strengthen its position in blockchain and education expertise. The two will work to tap several opportunities in the blockchain sector.
Seo Doo-Won, Director of the Tezos Foundation, elaborated, “At the core of our development is the cultivation of human resources. I look forward to cooperating with Yonsei University through this MOU to cultivate key talent in the Teshoz ecosystem and to become a stepping stone for Korea’s block-chain industry.”
Park Seon-Joo, director of the Center for Digital Social Studies, Yonsei University, also expressed optimism on the new partnership.
“The block-chain industry is a promising field that will lead the next paradigm. We will lead the block-chain industry by nurturing not only computer engineers but also businessmen,” he added.
About Tezos and Its Other Affiliations
Just like many other enterprises, Tezos is both a decentralized blockchain network and a smart contract platform. However, the unique thing about Tezos is that it employs an on-chain self-governance mechanism. Moreover, the Tezos blockchain allows updating its protocol without the risk of undergoing a hard fork.
Just last month, Tezos granted proposal to aid four different institutions for the development of smart contracts and the blockchain technology. Some of these recipients will develop apps and tools for enhancing the stability of blockchain networks.
The recipients include Papers and Ackee as well as developer Luiz Milfont. Tezos has also collaborated with the big-four giant PricewaterhouseCoopers (PwC) to conduct an external audit of its finances.
Blockchain Educational Courses on the Rise
Over the last year, blockchain educational courses are on the rise. A number of big corporations are collaborating and funding universities to churn out a talent pool for blockchain advancement. The blockchain is often touted as the next generation technology, and everyone worthy of note is trying to stay at the forefront of this revolution.
Earlier this week, Japan’s Sumitomo Mitsui (SMBC) bank entered a partnership with the University of Tokyo and the Ethereum Foundation to launch an educational course called “the Blockchain Innovation Donation Course”. The course will be taught to engineering graduates at the university.
Risk Disclosure
This article should not be taken as, and is not intended to provide, investment advice. Users are ultimately responsible for the investment decisions he/she/it makes based on this information. It is your responsibility to review, analyze and verify any content/information before relying on them. Trading is a highly risky activity. Do consult your financial adviser before making any decision. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.
Join our Telegram Group To Stay Up To Date With Crypto News
