IOST in Hong Kong | IOST Collaborates with Fintech Visionary & Digital Transformation Expert…

IOST in Hong Kong | IOST Collaborates with Fintech Visionary & Digital Transformation Expert Professor Emil Chan to Establish a Premier Global Education DAO

IOST is proud to announce a collaboration with Professor Emil Chan, a renowned fintech visionary and digital transformation expert. Together, we will create NextEduDAO, a decentralized autonomous organization (DAO) dedicated to revolutionizing higher education through innovation. Our mission is to establish a leading global education DAO based in Hong Kong, leveraging the power of blockchain, artificial intelligence (AI), non-fungible tokens (NFTs), and other cutting-edge technologies. NextEduDAO aims to cultivate a community-driven, decentralized, open, fair, and transparent ecosystem for higher education.

NextEduDAO — Unleashing the Potential of Global Web3 Education

For a considerable period, digital reforms in traditional education have encountered various bottlenecks, which include:

• The lack of recognition and rewards for educators’ contributions,
• The inequitable distribution of high-quality educational resources, and
• The limitations on learners’ educational experiences.

At IOST, we firmly believe that the decentralized nature of blockchain and the capabilities of smart contracts have the potential to address the challenges faced in traditional education. With this conviction, we embarked on a strategic collaboration with Professor Emil Chan, which has led to the birth of NextEduDAO and a transformative partnership.

NextEduDAO aims to establish itself as a prominent global education DAO, with its roots firmly planted in Hong Kong. By leveraging the power of blockchain, AI, NFTs, and other cutting-edge technologies, this platform will cultivate a community-driven, decentralized, open, fair, and transparent ecosystem. Our goal is to create an inclusive higher education environment that empowers both learners and educators alike.

Leveraging the power of blockchain and Web3 technologies, NextEduDAO will introduce a range of innovative solutions, including:

1. Peer-to-Peer Learning and Knowledge Sharing: Enabling learners to connect with experts, mentors, and peers directly, fostering collaborative learning and knowledge exchange.
2. Decentralized Credentials and Reputation Systems: Establishing tamper-proof and verifiable records of learners’ achievements, skills, and educational experiences to enhance their employability and reputation.
3. Tokenized Incentive Mechanisms: Introducing token-based rewards to acknowledge learners’ active participation, contributions, and accomplishments, thereby fostering motivation and engagement.
4. Global Access to High-Quality Educational Resources: Leveraging the decentralized nature of blockchain to eliminate geographical barriers, providing learners with access to high-quality educational content and resources from around the world.
5. Smart Contract-Based Courses: Empowering educators to create and offer courses using smart contracts, automating administrative processes, and ensuring transparent and equitable transactions.

NextEduDAO envisions reshaping the global higher education landscape, promoting learning, inclusivity, and equal opportunities for learners worldwide.

IOST — Powering Web3 Education

The strategic partnership between IOST and Professor Emil Chan has resulted in the creation of NextEduDAO, marking a significant milestone in the advancement of Web3 education. NextEduDAO is committed to becoming a premier global education DAO headquartered in Hong Kong, revolutionizing higher education by harnessing the potential of blockchain, AI, NFTs, and other cutting-edge technologies.

With a vision of a community-driven, decentralized, open, fair, and transparent higher education ecosystem, NextEduDAO is onboarded on a journey to explore innovative solutions to the challenges faced in traditional education systems. Its mission is to empower learners and educators, reshaping the global landscape of Web3 education and fostering inclusive learning opportunities for students worldwide.

Education DAO — Transforming the Landscape of Web3 Education

DAOs, decentralized entities built on blockchain technology, offer transparency, automation, and immutability, with governance playing a pivotal role in establishing coordinated participation rules and management models. The introduction of “learning DAOs” by the Crypto Culture and Society (CCS) in September 2021 has led to the emergence of various learning DAOs focused on innovative approaches and liberal arts within the crypto industry. This convergence of blockchain and education presents intriguing possibilities.

Education DAOs represent a decentralized educational model built on blockchain technology, operating in a decentralized manner and free from external influences. It eliminates the need for a centralized hub for integration and management while ensuring transparency and tamper-proof data for authentic and traceable information. Education DAO transcends the limitations of traditional online education, enabling lifelong learning for users and significantly enhancing teaching and administrative efficiency for educational institutions through a blockchain-based management system.

With its transformative power, Education DAO is reshaping the global landscape of Web3 education. It revolutionizes the delivery and experience of education by leveraging the benefits of blockchain technology. By providing transparency, scalability, and lifelong learning opportunities, Education DAO paves the way for a decentralized and innovative approach to education.

Professor Emil Chan — Fintech Visionary and Digital Transformation Expert

Professor Emil Chan is a prominent figure in the field of fintech. With vast experience in cross-border financial system design and operations, he possesses knowledge in both traditional banking and emerging Web3 and DeFi business strategies. Additionally, Professor Chan has extensive familiarity with Hong Kong’s regulatory systems.

Driving Enterprise Digital Transformation and Upgrades

Over the past decade, Professor Chan was a director training expert and startup advisor for multiple listed companies. He has actively participated in the development of compliant technology projects in various financial regulatory bodies, including the Monetary Authority, the China Securities Regulatory Commission, and the China Banking and Insurance Regulatory Commission.

As a fintech visionary and digital transformation consultant, Professor Chan has provided targeted digital reform advice and market planning guidance to globally renowned companies undergoing Web3 transformations. He remains at the forefront of the Web3 era, adapting to rapidly evolving digital economic evolution and leveraging enterprises’ strengths to enter the international market of Web3.

Promoting Internationalized Digital Creativity Education

Professor Chan is deeply committed to nurturing the next generation of internationally-oriented digital creative entrepreneurs. As an entrepreneurial mentor and advisory committee member of the Hong Kong Cyberport, he has dedicated himself to guiding and fostering young talent. Over the course of a decade, he has shared his unique insights and professional knowledge in finance, regulatory environments, and digital transformation as an adjunct professor, lecturer, and keynote speaker at prestigious institutions such as the University of Hong Kong, the Hong Kong Polytechnic University, and the Hong Kong University of Science and Technology, among others.

Experience as a Service

With over ten years of experience as the First General Manager of Bavarian State Bank, Professor Chan played a pivotal role in the bank’s branch license applications in Hong Kong, Singapore, and Shanghai. He actively participated in the formulation of Hong Kong’s regulatory system and was instrumental in implementing various critical financial and credit licensing frameworks. This facilitated deep communication channels with regulatory authorities’ leadership.

Drawing from his 25 years of experience in banking information systems and backend operations, Professor Chan has guided enterprises in navigating Hong Kong’s complex regulatory environment. He has been involved in formulating multiple key regulatory frameworks and has extensive connections with regulatory agencies.

Moreover, Professor Chan actively contributes to the construction and improvement of Hong Kong and the Greater Bay Area’s digital ecosystems. He holds multiple positions, including Founding Chairman of the Cloud and Mobile Computing Professionals Association, Co-Chairman of the Hong Kong Digital Finance Association, Chairman of the Financial Technology Committee of the Smart City Consortium, Honorary Secretary of Invotech, and Vice Chairman of the Hong Kong Emerging Technology Education Association.

With his exceptional expertise and strategic planning, Professor Chan has played a vital role in shaping the future of finance and technology in Hong Kong and the Greater Bay Area. He is devoted to establishing a robust and dynamic ecosystem for the next generation of innovators and entrepreneurs, garnering widespread respect and recognition in the industry.

IOST Collaborative Efforts in Web3 Education: Collaboration with Universities Around the Globe

IOST in Europe:

In 2020, IOST forged a strategic partnership with the University of Zurich. The co-founder of IOST and the University of Zurich signed a memorandum of understanding for industry-academia collaboration in the blockchain field. The co-founder of IOST officially assumed the role of a guest lecturer at the University of Zurich, delivering blockchain courses to students.

IOST X University of Zurich Blockchain Center | Deep Dive into Blockchain Education in Europe

In 2021, IOST sponsored the Zurich International Summer School program, “In-Depth Understanding of Blockchain,” organized by the University of Zurich’s Blockchain Center. The program spanned three weeks, offering students worldwide the opportunity to participate in lectures, group activities, and academic discussions with renowned blockchain industry experts and university professors. Its objective was to explore the technological, economic, and legal aspects of blockchain from an academic perspective, as well as its potential applications in society.

IOST Drives Blockchain Education in Switzerland’s University of Zurich

IOST in Asia

In 2018, the IOST Foundation launched the “Blockchain Free Education Program” in Japan. To date, the program has educated thousands of students from nine Japanese universities and educational institutions on the fundamentals of blockchain technology and smart contracts, providing digital education in the Web3 domain. IOST has also organized a series of hackathon events.

In 2020, IOST initiated a collaboration with Kindai University in Japan, jointly hosting the HIVEHack hackathon. The HIVEHack event took place from February 20th to 21st, 2020, at Kindai University in Japan. Co-organized by IOST and Kindai University, with support from EverSystem, ZeLo Law Firm, Hachidori, and PHI, the event was sponsored by Xtheta, a Japanese company.

IOST X Kindai University of Japan | HIVEHack Hackathon Is Now Open For Everyone!

On August 11th, 2022, the IOST Foundation and Kawamura Laboratory jointly held a Web3 summer school series of events with the theme “Metaverse and Smart Contracts.”

IOST and University Laboratory Co-Hosted Web3 Summer School “Metaverse and Smart Contract”…

These joint education activities align with the original objective of cultivating blockchain professionals efficiently. With the strong support of the Japan Blockchain Association, these initiatives represent an upgrade of the blockchain talent education model, fostering comprehensive and multidimensional innovation in blockchain education.

IOST has conducted nearly 30 educational lectures on Web3, metaverse, and blockchain at prestigious universities worldwide, including the University of Zurich, Kindai University, and Yamaguchi University. In collaboration with these institutions, IOST has implemented a blockchain talent “3+1” teaching and training program, offering high-quality internship opportunities to university students globally.

IOST: Web3 Blockchain Operating System

Since its establishment in 2017, IOST has been deeply immersed in blockchain, utilizing the V8 JavaScript engine, identical to Google Chrome, as the core for executing smart contracts. Building upon this foundation, IOST has made significant blockchain-specific enhancements, ensuring performance, correctness, and security within the mainnet. Following the mainnet upgrade in 2023, IOST 2.0 will feature higher throughput and usability, becoming a truly Web3.0 blockchain operating system.

• IOST 2.0 — The Merge. IOST will adopt the Beacon Chain + Smart Chain EVM compatible architecture, and both will communicate using the standard Engine API.
• IOST 2.0 will continue to evolve and upgrade multiple sub-chains, including general-purpose EVM smart contract chains and specialized sub-chains such as NFT chains, gaming chains, and AI Native chains.

Currently, the IOST ecosystem has over 500 partner nodes and numerous top-tier partners from nearly 30 countries worldwide. These include media companies (Cointelegraph, Jinse, Coinpost, Bitcoin.com, etc.), exchanges (Binance, Huobi, OKX, CoinCheck, Upbit, etc.), top-tier tech teams (Metanyx, Platinum Egg, NFT-Japan Inc., etc.), and enthusiastic communities.

If you would like to hang out with the IOST community on chat or social media or discuss product development, we have something for everyone:

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IOST in Hong Kong | IOST Collaborates with Fintech Visionary & Digital Transformation Expert… was originally published in IOST on Medium, where people are continuing the conversation by highlighting and responding to this story.