UC Berkeley Blockchain Lab – University’s Research & Development?
UC Berkeley has recently launched a new blockchain lab, and has appointed Steven Chen- the founder of founder of blockchain-based credential verification project EchoLink- as industry co-lead. The new Berkeley Blockchain Lab is is designed to provide students with a platform that delivers real-world experience on working with blockchain technology.
Chen boasts extensive experience in the blockchain industry, and devised the concept behind the highly successful EchoLink platform while working as the founding engineer director at a New York-based tech company. Identifying the opportunity to streamline way in graduate degree information is stored by leveraging the blockchain, Chen created and developed the EchoLink platform.
Working with Berkeley, Chen will leverage his extensive experience in enterprise technology development and entrepreneurship. The Berkeley Blockchain Lab is run by the Sutardja Center for Entrepreneurship & Technology (SCET), and will provide Berkeley students with one unit for participating in the project.
Berkeley has a strong history of launching forward-leaning development programs, such as SkyDeck, the Fung Institute for Engineering Leadership, Global Venture Lab, and the Engineering Leadership Professional Program.
The primary focus of the Berkeley Blockchain Lab project will be systems such as web-based blockchain query systems, distributed storage, and off-chain data inputs. Distributed app development will also be integrated into the unit, with a secondary focus on creating batch-processing dapps. This secondary project will focus on establishing a method of bringing off-chain credentials such as degree certificates onto the blockchain.
Working in partnership with EchoLink, the Berkeley Blockchain Lab project is aiming to complete some ambitious goals. The project will culminate in the development of a native utility token called the EchoLink token, or EKO. This token will be used to exchange value between platform users, reward data providers such as schools and individual students, and private blockchains.
Ultimately, the EchoLink Token will be used to create an interoperable, international education standard and skill level-based marketplace. This marketplace will function as a common measure of education standards and quality across international borders, making it possible to measure experience and knowledge in a consistent manner.