With the demand for faster payments, settlements, and reconciliations growing, there is the potential for blockchain to provide the solutions to many issues, which companies are looking to develop. Dubbed the OpenLedger-MVP Blockchain Innovation Laboratory, one project has begun through MVP’s partnership with OpenLedger and the recently added Holly Angel University.
MVP CEO, Darren McVean stated: “MVP Asia Pacific is proud to announce Holy Angel University (HAU) as the first University partner of the OpenLedger MVP Blockchain Innovation Laboratory. Our company has a strong history with HAU with around 75 of our current staff graduating from this exceptional institution.”
The blockchain lab aims to advance the progress of various industry-specific blockchain initiatives through the cooperation of universities all over the Philippines. Academia is vital to the success of this venture due to the progressive state of blockchain technology.
OpenLedger CEO, Ronny Boesing commented: “The announcement today of the inclusion of Blockchain and Cryptocurrency to the 2018 HAU curriculum will enable MVP and OpenLedger to stay at the forefront of legal and technical advancements in these rapidly evolving industries,”
MVP and OpenLedger see this curriculum addition as the next step towards maintaining a competitive edge with the development of blockchain technology. The scholarly work produced by MVP’s partner universities will be used as the foundation of the technology. Such research will eventually lead to the development of disruptive applications of blockchain technology across numerous industries. The OpenLedger MVP Blockchain Innovation Laboratory will benefit the next generation of lawyers, business analysts, IT professionals and electrical engineers. Founded in 1933, Holy Angel University is the largest private University in the Central Philippines with a student body of around 21,000.
Darren McVean, MVP Asia Pacific CEO, said: “Bridging the gap between academia and industry not only accelerates the development of this cutting-edge technology, but it also generates the blockchain proficient professionals that future innovations will inevitably necessitate.”
The OpenLedger MVP Blockchain Innovation Lab will also collaborate with rural banks in developing streamlined methods of integrating cryptocurrency to the financial industry.
OpenLedger CEO Ronny Boesing, remarked: “In the next five years, the demand for alternative banking solutions will increase drastically. Millions of people will use cryptocurrency as their primary means of payment.”