Knowledge Foundation chooses Lucerne for global headquarters
Lucerne - The non-profit Knowledge Foundation established with the Lucerne University of Arts and Science and Immersive Education Initiative plans to advance global education from Lucerne. It will do so through the application of new technologies such as Knowledge Token, artificial intelligence, virtual reality, augmented reality and blockchain.
The newly established Knowledge Foundation has been recognized as a non-profit by the Swiss tax authorities. It was founded by the Lucerne University of Arts and Science and the Immersive Education Initiative, which is based in the state of Massachusetts in the USA. According to a press release, the Foundation’s mission is to democratize access to knowledge. It plans to create an open, inclusive educational ecosystem that spans the globe through the application of advanced and emerging technologies such as Knowledge Token, artificial intelligence, virtual reality, augmented reality and blockchain.
The city of Lucerne was reportedly selected as the Foundation’s global headquarters owing to its supportive framework for digital financial technology, favorable tax policies, extensive partnership opportunities and highly skilled technology workforce. Another key consideration was that Switzerland is among the highest paying contributors to the work of the United Nations and as a country greatly committed to multilateral development.
According to the Foundation, collaborators today include the United Nations Office on Drugs and Crime, the Swiss DFINITY Foundation, the Boston law firm specialising in intellectual property Lando & Anastasi, the University College Oxford Blockchain Research Centre, the MIT Bitcoin Club as well as the South African Universities of Pretoria and Stellenbosch. The Foundation works with its collaborators to design and deliver hackathons, summits and accelerators.
Knowledge Token serve as intellectual currency that may be programmed to be redeemable only for certain goods on a specific schedule. Learners’ academic activity such as transcripts, records, certifications and diplomas can be stored on cryptographically secure blockchain networks.
