Blocktech-Launches-Blockchain-Research-Center-with-an-Armenian-University-UFAR

Blocktech Launches Blockchain Research Center In Partnership With An Armenian University

Armenia is set to have its first academic blockchain laboratory following a partnership between Blocktech and the French University of Armenia (UFAR). Blocktech is a company that deals with blockchain solutions is headquartered at New York.

The laboratory will assess the impact of blockchain technology on the global economy across various disciplines. To facilitate this process, the lab will work together with UFAR's faculties of Finance, Law. Informatics and Applied Mathematics. Some of the topics the lab is expected to study include development of smart contracts, bonding curves, the Zap platform and many others.

According to Nick Spanos, the CEO of Blocktech, the emergence of blockchain technology has revolutionized the global economy. He added that his company seeks to evaluate the behavior of human beings in this changed environment under a topic called cryptoeconomics. Nick concluded by saying UFAR will play an integral role in conducting this study.

Additionally, this collaboration will enable UFAR students to get an in-depth understanding of digital currencies and their underlying blockchain technology. Blocktech will provide its staff who will mentor the students and give them access to real-life use cases of distributed ledger technology. In this regard, Dr Kristina Sargsyan, a lecture at UFAT's Department of Informatics and Applied Mathematics, said that embracing technological advancements is on top of the university's agenda.

She added that the institution was enthused by the opportunity of working with a firm as reputable as Blocktech and expressed hope that the deal will grant additional opportunities for their students. Kristina is the school's coordinator for industry partnerships.

Before partnering with UFAR, Nick Spanos had been an invited speaker at the Armenian Parliament and the American University of Armenia. When he first visited the country, Spanos teamed up with the president of the Nordic Blockchain Association, Peter Mikkelsen, to establish Blocktech’s first office in Armenia.

Regarding this, Peter stated that the excitement around blockchain technology is currently at a record high and that the partnership would certainly flourish.

Blocktech runs a similar blockchain lab out of Medina, Saudi Arabia. This was recently introduced at the Taibah University in collaboration with Taibah Valley. The median blockchain lab is under the leadership of Professor Walaa Alharthi, one of the world's most popular authorities in the field of artificial intelligence. It is also the first Saudi Arabian research center that squarely focuses on distributed ledger technology.

In the past 12 months, several studies have indicated an increase in blockchain technology and cryptocurrencies from an academic perspective. In fact, 42% of the top universities in the world offers at least one program on blockchain and digital currencies, with a further 22% offering at least two. These percentages increase substantially if courses on cryptography are considered.

So far, over 2,000 students schooling at UFAR have expressed their interest in learning the tenets of blockchain and digital currencies. Likewise, the Armenian government is a firm believer in the prospective of this emerging technology and has already set aside a zone for construction of a technology center.

The importance of this partnership cannot be underestimated. First, it will play a key role in promoting the mainstream adoption of cryptos and blockchain technology. Most importantly, Blocktech will teach Armenia students and provide a platform on which they can practice what they have learnt in the blockchain lab.

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