Cryptocurrency Dash is partnering with Arizona State University (ASU) on a $350,000 program in hopes to improve the functions and uses of blockchain technology by accelerating, “research, development, and education” in the university.

The money will be split three ways. $100,000 will go towards a program for “Dash Scholars” with scholarships for undergraduates and research fellowships for postgraduates. $100,000 to help develop an online course in blockchain, scheduled to be launched before the end of the year. The remaining $150,000 will be split between the university’s Blockchain Research Lab (BRL) and the Luminosity Lab, an interdisciplinary group from ASU.

Ryan Taylor, CEO of Dash Core, describes this as “a remarkable partnership precisely because both sides will benefit greatly from tight collaboration”. Dash gets “independent insights into how we can improve our plans for scaling to massively large numbers of transactions” while the university gains “access to one of the most innovative teams in the digital currency industry”.

The hope is that insights and “best practices that will emerge from the research” will spread throughout the industry.

Blockchain Research Laboratory

The Blockchain Research Laboratory is the first such institution in the world, an interdisciplinary department bringing together faculty from the university’s engineering, business, legal and computer science departments. Dash was there from the beginning, helping to fund it with a $50,000 payment in August 2017.

Though cryptocurrency is a major focus of the laboratory, it is trying to expand the potential of blockchain into other areas. The greatest potential is seen in fields which are contract-based but where the blockchain could allow parties to transact directly with each other without the need for an intermediary. For example, contract exchanges or property purchase.

The Blockchain Research Laboratory is currently working on a plan for Phoenix households to trade stored solar power using blockchain.

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