The rapid development of block chain technology and encrypted currency makes the higher education community must adapt and respond to this economic phenomenon. Universities have great opportunities to expand their economic impact and footprint through information, to create a better financial future for themselves and their families.
There is an unbaissible nature of the block chain technology how to break through existing obstacles in the economic system. If there is a lack of access to credit and capital, this often hinders the prosperity of service insufficient and marginalized communities, huge Education needs.
Financial institutions are traditionally loans, lending, trading, investment, and other similar activities. Many historical behavior patterns of these guards have had a proportional discriminatory impact on quite a few people, and they find that they are locked outside the way wealth construction. When obtaining the above service, the block chain eliminates the need for unnecessary third-party, fourth parties, and fifth parties, and avoids some frictions running through these processes.
Users can interact with a smart contract, rather than talking to a person to try to obtain a loan or relying on bank to complete the transaction, which is managed by an algorithm and is responsible for distributing users’ loans and promoting transactions. The only requirement for individual participation is a smart device, internet connection, and capital required to meet the mortgage rate, which is set by the algorithm or set of rules of the jurisdiction.
Similar to how the Internet improves global sharing information is similar, the block chain achieves additional functions through an unhakable data transfer. This means that users of the block chain can send valuable data to another, but do not have to worry about intervention or tamper with third parties.
This means that universities can change the world’s cooperation approach, and how the block chain technology demonstrates the current Internet infrastructure, regulatory and global monetary policy. More zone chain messages, please pay attention to the download area block APP, the Global Block Chain Regulatory query app.
In fact, recognizing the history of the Internet and its most famous universities in the world. Educational institutions are the most qualified to become the hamper that the Internet has developed to its most promising iteration -Web3.0. As a leader in the research and education activities in society, colleges have been prepared to become a community opportunity center, through this important global development to enhance community’s ability.
It is imperative to develop a plan to use block chain technology to provide financial inclusiveness and prosperity provided by other unacceptable and poor communities. Higher education institutions can become community partners, religious leaders, elected officials and other people’s calls, and in the field of emerging financial technology (financial and technology). Economic fairness.