University of Economics in Prague NXT project

The text was written by: HassenBlasques

Hello,

I am going to run a project with students of the University of Economics in Prague. I got inspired by this thread: https://nxtforum.org/general-discussion/%28ann%29-nxt-academic-outreach-program/100/, where the NXT Academic Outreach Program (NAOP) was announced. I have already published my plans in the thread.

I am a PhD student and a teacher at University of Economics in Prague. I work at the Department of World Economy. I would like my students to get to know Nxt and cryptos in general and write economic papers about the ways they may be used in a useful way for both individuals and global economy. The head of our department supported the project so that I can work with not only my own students but with hundreds of students on the Faculty of International Relations, potentially.

I want to create a wallet for every student that volunteers for the project and give away 500-1000 Nxt to each participant. Such amount is motivating enough - taking in account the level of income in Prague – but not yet too high to attract someone who would not be interested in Nxt.

I want my students not only to get to know Nxt and learn how to use it in practice. I want them to think about its utilization in global economy too. Students' papers (or even theses) should emerge from the project, bringing interesting new ideas. I also hope that Nxt would start being used at the university as a currency for students' projects, proving it is a vival and liquid tool for community activities. I have prepared several interesting topics; nevertheless, I am going to let the participants to come up with their own topics too, naturally. These are some suggestions:

-   Nxt as a reserve currency
-   asset exchange - startups, crowdfunding
-   currencies built upon Nxt AE
-   currencies collateralized by resources
-   electronic money for Africa
-   save money transfers for migrant workers
-   private currencies in form of firms’ IOUs and their aggregation
-   contracts within blockchain
-   accepting Nxt payments (including a study of benefits)
-   marketing, advertisement
-   encrypted uncensored communication
-   utilization of the net’s hashing power (more of a topic for proof of work cryptos but still)
-   hashing power as a flow-type currency
-   popularization of Nxt at the university, its usage among the academic community

The participants can work on their own as well as in small teams. My role in the project would be supervising, consultancy and evaluation of the papers. I am going to write a paper concerning the project and its outcomes too. As far as I know, there is only one such project running – at MIT. And the MIT project is concerned with IT specialists. Mine would, on the other hand, involve economists. Knowing this, I suppose my paper could be accepted in an influential scientific journal with impact. I believe that a recognition by a scientific community would significantly help Nxt to retain and strengthen its position among the most important crypto-currencies. I also hope the students of economics can invent some new interesting ways how to use Nxt and its net and community. All their papers will be available for promoting Nxt.

On top of the papers, I will monitor the way the students have used their Nxt coins (to the degree the blockchain allows me to). Some of them may exchange it for fiat immediately, some of them may try to speculate, some may examine its various functions, some may decide to multiply the initial amount e.g. by accepting Nxt in their own businesses. I would like to stimulate them by awarding the 3 participants with the highest number of Nxt on their wallet in the end of the project with an additional Nxt reward.

Last but not least, I would like to repeat the project at a different university next semester, after it would prove itself to be worthy.  I am going to be a doctoral exchange student. I am considering applying for University of Nicosia on Cyprus, where they run a Bachelors program concerning crypto-currencies. My own specialization is Alternative monetary solutions. I have already written and published several articles on this topic, including this one about Nxt: https://nxtforum.org/general-discussion/nxt-papers-whitepapers-academic-and-economic/ (Economic Parameters of Nxt).

We could also connect our students to Nxters via videochats, so that we can have some QA discussion sessions or we can stream the student presentations to the world. Potentially, some Nxt developers or promoters could visit the students face to face.

Since I don’t have resources for supporting the project, I am kindly asking the Nxt community to crowdfund the project. If you like the idea, please send a contribution to this address I opened solely for the purpose of crowdfunding of this project: 13727074986936672578 / NXT-7AC4-Z4SS-UNXK-DX42X. The more money I acquire, the more students I can involve. I would like to work with 30 - 100 students.

I am also very open to your suggestions, comments, critique here: https://nxtforum.org/nxt-projects/university-of-economics-in-prague-nxt-project/