Israel just took a massive step towards the tech revolution brought by the blockchain.
Tel Aviv University (TAU) has just become a global academic pioneer in the field of blockchain technology.
TAU has announced The Hogeg Institute for Blockchain Applications, the first one in Israel and one of the first few at a global scale.
With this move, TAU joined the prestigious club of universities like MIT and Stanford that understand the need to academically research crypto and blockchain and ride the new wave of tech innovations.
Moshe Hogeg is one of the most popular investors in Israel
The Hogeg Institute is named after prestigious businessman Moshe Hogeg, who donated 7 million shekels to TAU to bring this initiative to fruition.
Moshe Hogeg has had a more than fascinating year.
After founding Alignment, the world’s first Blockchain Hub which was established in Israel, he led the launch of Alignment media group’s Blockchain TV channel to share crypto related news globally from multiple locations in the world.
He managed to secure more than $600 million in financing over the past year.
He is currently the Chairman of VC fund Singulariteam and CEO of smartphone company Sirin Labs.
The institute promotes research, instruction, and dissemination of blockchain apps
The primary goal of this institute revolves around advanced knowledge and developing approaches for implementing blockchain tech in business, law, healthcare, and government.
The institute will also train the next generation of entrepreneurs managers and professionals in the fields, and it will serve as a leading knowledge center for the academic, financial and business communities.
The project involves massive names
Prof. Dan Amiram, Vice Dean of the School of Management, is the Head of the institute, and Dr. Jacob Mendel is its Director.
At the agreement signing ceremony, Moshe Hogeg stated: “I am delighted that we found the much-needed link between entrepreneurs, business and academia.”
He continued and explained that “The establishment of this institute will facilitate in-depth research and contribute to accelerating technological development and its application in most areas of our lives for the benefit of entrepreneurs and businesses in Israel and worldwide.”
The prestigious entrepreneur said that by training the next generation like this, they would support the development of the next tech revolution.
TAU President, Prof. Joseph Klafter, welcomed this new establishment and thanked Moshe Hogeg for the generous gesture.
He said that the institute would create a framework for promoting innovative research and applications in the emerging field of blockchain which will soon have huge ramifications.
Prof. Moshe Zviran, Dean of the Coller School of Management, highlighted how important is such an establishment.
He explained that the blockchain technology allows transparency, consistency, and security, lowering the barriers to create marketable digital assets.
He explained that the blockchain tech allows people and organizations who don’t know or trust each other to promote processes and manage to conduct transactions in a safe and reliable way.
The Hogeg Institute for Blockchain Applications is the pioneer in the research and teaching of blockchain technologies not only in Israel, but across the globe.
