Joshua Broggi, an Oxford Researcher is preparing to open the world’s first Blockchain University in Malta. After receiving accreditation, Broggi will start his project.
Malta is known as blockchain and crypto paradise island due to its government’s very supportive actions towards crypto companies.
For this reason, Broggi aims to establish the world’s first Blockchain University. He stated in his blog “Malta provides an educational framework in the British tradition — and after Brexit, Malta will remain both an EU member state and a Commonwealth member. Woolf has had productive meetings with Malta’s Minister for Education, Evarist Bartolo, and with Malta’s regulatory body for accreditation (the NCFHE).”
Woolf University will entirely function with Blockchain Technology. Thus, it will save on operating expenses as well as automating administrative procedures and improving its security. While Woolf will be not an online university, it will provide courses both online and on-site, which gives the students the opportunity to study without borders and with personalized tutorials. Furthermore, professors’ payment will be with tokens and provided with micro-credits. In his interview with Forbes, Broggi stated: “We use a blockchain to create efficiencies by managing custodianship of student tuition, enforcing regulatory compliance for accreditation, and automation a number of processes.” and he added; “Our blockchain-enforced accreditation processes are such that teachers and students from outside the EU can join our platform and earn a full EU degree – a non-EU student with a non-EU teacher in a non-EU language.”
The university has already drawn the attention of highly-qualified educators from well prestigious universities such as University of Oxford, Cambridge University, George Mason University, King’s College London. Broggi explained in his blog, that the university plans to work with more than only one regulatory partner in the future. Malta was the first choice. Uttering his decision, he stated: “Malta is an ideal partner for a borderless university. As an island country, Malta has a long tradition of looking beyond its own borders, and Malta is now developing a robust regulatory framework for distributed ledger technology.”
The government also supported with a pilot project launched by the Education Ministry.
In the beginning, Woolf’s plan was to issue a token to finance the university. However, Broggi has reached enough via private investment and was able to delay the ICO.
Author: Berna Bayindir