Project key points
Development and Implementation of Website, Ongoing Maintenance, Web Design Support and Development. Website Search Engine Optimisation, Google & Bing Engine website...
Project key points
Performed full Audit on the I.T infrastructure used at 400Gradi, a full assessment was supplied and reviewed with key actions to follow upon this. On going Web Design Support...
Onyx is business which specialises in Blinds, Screens and Shutters. Onyx had performed a major re brand and came to us to develop a new website which required to be kept inline with the business...
Iris Dental is a dental clinic located in Melbourne Victoria, Point Cook. Iris Dental engaged ITCorp to redesign a new site to improve the online image with also helping generating online traffic to...
Melbourne AirConditioning & Heating
Melbourne AirConditioning came to us looking for a new look and website as they moved into a new market. They focused on providing custom air domestic and commercial installations with also...
Cambria Pallets contacted IT Corp to take over their existing site with performing some minor updates and changes. The site was copied onto IT Corp servers which is where its being hosted. IT Corp...
It is common knowledge that MIT is one off the most sought after universities in the world. Well guess what, MIT has just gotten even better! How? It all started with a tiny question; a question that asks “how would Bitcoin be used if everyone had it?” This question popped up in the heads of two MIT students.
To come up with an answer to this question these two students embarked on an ambitious project. An experiment where every single undergraduate student at MIT campus, yes all 4528, get $100 worth of Bitcoin.
The experiment will begin this fall and the amazing thing is that Dan Elitzer and Jeremy Rubin have already raised more than $500,000 for the experiment. The funds, according to them, have been donated by MIT alumni and the Bitcoin community.
In a statement, Jeremy Rubin said that “Giving students access to cryptocurrencies is analogous to providing them with Internet access at the dawn of the Internet era,”. He added that “When the distribution happens this fall, it will make the MIT campus the first place in the world where it will be possible to assume widespread access to Bitcoin.”
The objective of this experiment is to understand what will happen when an ecosystem for digital currencies is created.
The experiment does not just end with distribution of the Bitcoins. Dan and Jeremy will also assist businesses around campus to gear up to accept Bitcoin payments. In addition to this, the experiment will include a study into how students will use bitcoins and try and stimulate academic and entrepreneurial activity with the project.
Elitzer also stated “We want to issue a challenge to some of the brightest technical minds of a generation: ‘When you step onto campus this fall, all of your classmates are going to have access to bitcoin; what are you going to build to give them interesting ways to use it?'”
It has been a difficult year for the Bitcoin with multiple highs and lows. It surged then went into free fall, regulators were appreciative at first then disregarded it, trading exchanges popped up everywhere and then burst like a bubble.
Currently Bitcoin is nowhere near its prime which it achieved around the beginning of the year and runs the danger of fading away into obscurity. Although there is still life left in the Bitcoin, whether this experiment will give a better insight of a true cryptocurrency ecosystem and end up rejuvenating the Bitcoin remains to be seen.
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