The Algorand Foundation plans to support Monash University in the development of blockchain applications through its Grant Program.
Partnership
The Algorand Foundation has partnered with Monash University Australia, as part of its ongoing mission to support blockchain education and participation. The foundation will support two blockchain applications at the learning institution, namely: a blockchain-as-a-service application for academic credentialing and prototype development for blockchain as a pharmaceutical supply chain provider. Both projects will be supported by the foundation’s multi-year 250 million Algo token Grant Program.
Monash Blockchain Technology Centre was established in 2019 under the Faculty of Information Technology. It brings together knowledge and skills from top world experts across the University, to explore and develop blockchain technology. The centre hopes to use the outcomes of such action to create use cases with meaningful impact in the industrial and societal sectors.
The Algorand Foundation remains true to its goal of developing a global blockchain ecosystem. In addition to the recent partnership with Monash University, the foundation has funded other academic education and research projects. One of them is the Algorand Fintech Innovation Hub at the University of Cape Town.
Quotes
“The first project aims at exploring and developing a blockchain enabled trusted credential issuance and verification system,” explains Professor and Director of the Monash Blockchain Technology Centre Joseph Liu. “This will provide strong support to secure the education sector.”
“The second project explores the possibility of leveraging blockchain to provide a robust, transparent, and accountable pharmaceutical supply chain,” Liu continues. “This is expected to provide significant benefits including improving the auditing process, saving cost, and enhancing society’s confidence in the pharmaceutical logistics.”
“Monash University’s projects are exemplary for the wide variety of blockchain technology applications,” underlines Jason Lee, COO at Algorand Foundation. “This grant award helps support Monash University as they develop two unique blockchain use cases, a trusted credential issuance and verification system, and a robust, transparent, and accountable pharmaceutical supply chain, showcasing the value of blockchain technology. We are excited about the partnership with Monash University given their exceptional record in blockchain innovation.”
