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Saudi University’s New Blockchain Lab To Examine Tokenized Services

New York-based blockchain tech company Blocktech is moving into academia, announcing a new partnership with a Saudi university.

Blockchain labs are becoming increasingly more prevalent in the industry for research, as a backbone to a sound strategy of strong blockchain development. Also, many academics with both a business and technology background based at American universities have been praising blockchain technology for its broad range of applications and future potential.

Blockchain labs seem to hold no boundaries at the moment with major educational institutions joining the space. The latest blockchain lab project in Taibah University in Madinah, Saudi Arabia will begin work on “bonding curves for tokenized services and curation markets for data integrity,” alongside Nick Spanos’ Zap Oracle Platform, under the direction of expert AI professional Professor Walaa Alharthi. Responding to the success of her recent trip to Blocktech in New York where she worked with Spanos, CEO and Founder of Blocktech and a known blockchain expert, she said:

“Mr. Spanos gave a keynote address at Taibah University earlier this year that opened our eyes to the immediate relevance and importance of blockchain. Our team was honored to be invited to New York to train with an original pioneer of this technology. We are excited to share what we learned with our students while using the vast applications of blockchain technologies to serve the entire region.”

The professor said that the lab will work alongside the University’s Faculties of Computer Science, Law and Business with a view to “catalyzing blockchain adoption in the Middle East.” The idea will be to eventually extend the use of blockchain solutions beyond key sectors such as finance, oil and gas, and supply chain management.”

Taibah University, founded in 2003, with an enrolment of 70,000 students across all different fields of study sees the inclusion of a blockchain lab in line with its aim of preparing its graduates for the needs of today’s market across a range of fields including emerging technologies.

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