Pakistan’s premiere Business School, Lahore University of Management Sciences (LUMS) has received more than US$2.5 million or PKR 670 million in crypto Currency Donations for launching Pakistan’s first degree programme for blockchain, Crypto Currencies, distributed ledger technology (DLT), and associated platforms, according to a news release by the varsity.

LUMS will spend five million STX currency tokens, or roughly PKR670 million, to develop and academic programmes to enable faculty and students for research in blockchain, cryptocurrencies, distributed ledger technology and more. The amount has been donated by Hiro, formerly known as Blockstack PBC.

Stack Pakistan has played an important role in securing the funding. Stack Pakistan Founder said on the occasion

The funding and resultant program development of Block Chain will not only enable new business models but is also expected to usher in a new era of novel distributed applications over the blockchain. Stacks Pakistan is laying the foundations for this change and will immensely benefit Pakistan

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