Paolo Tasca, the renowned digital economist and the founder and Executive Director of the Centre for Blockchain Technologies at University College London, recently graced Ripple’s most celebrated crypto community gathering Swell 2019. The event was organized in Singapore and witnessed the presence of some of the most elite professionals, industrialists, intellectuals from the cryptocurrency space came together to share their ideas with others.
UCL’s @PaoloTasca explains how #blockchain and digital assets can flourish in the coming decade for a more open, accessible, secure and equitable global economy. https://t.co/5YfdiuDRta pic.twitter.com/m9xzpt4ZrS
— Ripple (@Ripple) December 27, 2019
While interacting with the listeners, Dr. Tasca drew the attention of the gathering towards an array of burning topics that might affect the successful run of blockchain technology in the near future. He spoke about the danger which the strategic gap is persisting between the academic ecosystem and the crypto industry is likely to impose in the near future.
Paolo is adamant about bridging the existing gap between the two domains through his constant efforts with an intent to bring the best results by unleashing the maximum potential of academia for the upliftment of the blockchain technology arena and vice versa. He applauded the steps taken by Ripple’s University Blockchain Research Initiative (UBRI) in establishing a mediatory bond between learners and the trainer faculty. Through his efforts, Dr. Paolo plans to streamline and sync all the fields of academia and business that have the capacity to lead the blockchain industry to sky-high.
Being the Executive Director of the Center for Blockchain Technologies (CBT), Dr. Paolo used UBRI as a medium to invite community members to join hands and work in the direction of in-depth research. At present, the organizations have lent support to nine projects and aim to continue encouraging participation in the approaching year. The program helped 10 Master students researching on Decentralized Finance received the necessary supervision and guidance from CBT’s lectures in collaboration with Ripple’s team.
In a recent attempt to encourage student participation, the organization organized a 10-day long hackathon named Block-Sprint, which saw an active participation of 20 teams from Europe to London. Nearly 160 individuals, 60 mentors, 36 firms/institutions competed to grab prizes and benefits worth 100,000 £. The event inspired students to foster crucial experimentations on Ripple, Xpring, and other blockchain networks. After the massive success of the first edition of the hackathon, Dr. Paolo and his team are planning for the second edition of the event with greater enthusiasm and zeal.
The reputed economist bragged about the concept of the Internet of Value. He stated that the technology can work wonders in the fields of datafication, potential business models, and can also help in the success of impact-oriented business solutions. To give a better understanding of the in-depth pedagogies of the Internet of Value, Dr. Paolo stated that he would publish a white paper on the topic. He affirmed that the white paper would portray the importance of blockchain on the Internet of Value and its integrated impact in various industrial domains.
CBT had partnered with Central Banks and government institutions in the past to give shape to some crucial projects. Dr. Paolo happily affirmed to maintain cordial working relations with Ripple in the future to carve out multiple projects. He confidently stated that the gap between academia and industry could be blocked in the future which will pave the way for a highly secured and independent global economy.