The prestigious public school University of California, Berkeley (UC Berkeley), has recently launched a 12-week accelerator program for early stage blockchain startups. The launch was reported in an official announcement that was published on January 28th and which is in the crypto news today.
Named the Berkeley Blockchain Xcelerator, this project is partly sponsored by the venture capital fund Berkeley X-Lab Fund and is reportedly the result of cooperation between Berkeley Engineering’s Sutardja Center for Entrepreneurship and Technology, the Haas School of Business and Blockchain at Berkeley.
The latter is a student-run organization for blockchain innovation that is comprised of over 100 Berkeley students, along with figures from industry and academia, which has been designed and taught multiple blockchain and crypto-for-credit courses.
According to the president of Blockchain at Berkeley, Gloria Zhao, the rationale behind the accelerator program is as following:
“With such a nascent technology as blockchain, we see that a lot of subject matter experts and people making an impact in the blockchain space are students. Blockchain at Berkeley strives to foster the entrepreneurial spirit in our students, so we are excited to help lead this initiative and assist the next generation of blockchain innovators.”
The accelerator is open for projects from all around the world, and the best ones will be manually selected by the fund. As recently reported, UC Berkeley has partnered with Ripple’s global University Blockchain Research Initiative (UBRI) in order to host a blockchain/fintech industry spring speaker series at the Haas School of Business.
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“Blockchain technology has established a highly mutual trust data sharing mechanism among tax authorities, invoice service providers, taxpayers and other parties. This is a major reason for the tax authorities to take a new step in deepening the [technological] reform [by] the distribution services.”Back in December 2018, one of the bigger cities in the Guangdong province-Shenzhen announced its success story of how blockchain technology helped with the tax invoices via the messaging app WEChat payment platform. Also, last year in November, the capital of the Guangdong and one of the most developed economic zones in China, Guangzhou, was chosen as a headquarters city for the new blockchain alliance. The alliance involves 54 different companies and is promoting blockchain technology in finances and trading. Countries around the world are opting for blockchain-based tax solutions because of the higher efficiency and transparency.
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