Curtin University has launched an innovative new Cryptocurrency PhD Scholarship Fund, designed by Curtin data scientists, which will enable companies and individuals to donate cryptocurrency to fund PhD students in the areas of blockchain, cybersecurity and data analytics.<\/p>\n
The crowd-sourced fund uses a Web 3.0<\/a> payment system developed by project partners Nelnet International and Centrality to enable real-time, peer-to-peer payments on both Bitcoin and Ethereum blockchains.<\/p>\n As the fund develops, a series of projects that students can apply for will be announced, while significant donors of cryptocurrency will have named PhD Scholarships in their areas of interest.<\/p>\n Curtin University Associate Deputy Vice-Chancellor Research Excellence Professor Garry Allison said the scholarship fund was a great opportunity for investors in cryptocurrencies to help nurture a new crop of PhD graduates to further develop these new technologies.<\/p>\n \u201cBy establishing the Cryptocurrency PhD Scholarship Fund, Curtin will provide the opportunity for entrepreneurs who have realised significant benefits from cryptocurrencies such as Bitcoin and Ethereum to give something back to these communities,\u201d Professor Allison said.<\/p>\n Curtin University Commercialisation Director Rohan McDougall said the fund would build on Curtin\u2019s existing strong capabilities in the area of data science, developed through involvement in major projects such as the Square Kilometre Array, the Pawsey Supercomputing Centre and collaborations with Cisco, Woodside and Optus.<\/p>\n \u201cCryptocurrencies\u00a0remain volatile\u00a0but interest in the application\u00a0of\u00a0blockchain technology continues to grow,\u201d Mr McDougall said.<\/p>\n \u201cFurther work is required to identify and develop those applications that are best suited to the attributes of blockchain and Curtin University is responding to this by establishing the Cryptocurrency PhD Fund.\u201d<\/p>\n The Cryptocurrency PhD Scholarship Fund will enable peer-to-peer payments from donors to Curtin University with both Bitcoin and Ethereum. Centrality will also make its Web 3.0 platform and developer toolkits available for students and researchers. This will enable the Curtin community to use real-world software to build decentralised applications that leverage the latest technology, like Industry 4.0<\/a>.<\/p>\n Centrality Group General Manager Jerome Faury said the fund would have a significant impact on both workforces and blockchain research.<\/p>\n \u201cAs cutting edge technology like Web 3.0 and Industry 4.0 rapidly evolves, the agreement with Curtin will ensure that graduates are able to use up-to-the-minute skills to contribute to a future which focuses on digital equality and putting consumers back in control of their data,\u201d Mr Faury said.<\/p>\n \u201cThese graduates won\u2019t just research technology, they\u2019ll contribute positively to building a more equitable digital economy.\u201d<\/p>\n Curtin is working with payment platform provider Nelnet International to offer a seamless experience to those contributing to the fund.<\/p>\n Nelnet International Managing Director David Heffernan said Nelnet International was excited to be partnering with Curtin and Centrality, to deliver blockchain specific applications.<\/p>\n \u201cCurtin continues to be a lead innovator in higher education and we are looking forward to accepting cryptocurrency through our payments platform to support this research initiative,\u201d Mr Heffernan said.<\/p>\n