Wednesday, November 29, 2023

LUMS will launch Pakistan’s first academic cryptocurrency program

The Lahore University of Science Management (LUMS) has secured an investment of more than Rs. 670 million crypto tokens for Pakistan’s first academic cryptocurrency program , blockchain design, DLT (Distributed Book Technology) and related platform programs, Varsity said in a News.

Alumni Muneeb Ali confirmed the news on Twitter.

LUMS will use five million STX tokens (currently around 670 million rupees or $ 4.1 million) from Hiro, formerly known as Blockstack PBC, to develop courses that allow teachers and students to use blockchain, cryptocurrency, and distributed technology to explore books. and others.

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It is intended to focus on emerging markets and other areas where this technology can be fully applied.
In a statement, the LUMS alumni and co-founder of Stacks added:

“LUMS has always been a hub of cutting-edge research and innovations and I am proud to have a long association with the Syed Babar Ali School of Science and Engineering. Crypto networks are likely the biggest tech revolution since the internet itself. This new collaboration on crypto not just strengthens my association with LUMS but can prepare the next generation of engineers and entrepreneurs to architect the next generation of the internet by leveraging the blockchain technology”

LUMS alumni and co-founder of Stack

Muneeb further suggested, “This will not only enable new business models, but also usher in a new era of new distributed applications across the blockchain. Stacks Pakistan is laying the groundwork for this change and will bring tremendous benefits to Pakistan.” “
This graduate collaboration is a major achievement for the educational environment in Pakistan, especially for LUMS itself.

As well as reshaping academic curricula and training students in cryptocurrency, these new developments will stimulate efforts to overlap with cryptographic regulations in Pakistan as early as possible.

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