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Bangladesh to Subsidize Blockchain Training for Graduates Using $200 Million IT Fund

The Bangladeshi government is set to utilize part of its $208 million IT fund to subsidize its graduates as they study blockchain in India and Japan. 

The Daily Star Report

According to the country’s English newspaper The Daily Star, the government is reportedly planning to send a hundred recent IT graduates to countries like Japan and India to enhance their skills in artificial intelligence, cyber security, distributed ledger technology, and machine learning. 

This initiative will also sponsor 200 graduates of electronic and electrical engineering, as well as computer science and software to learn about upcoming trends in information technology. 

Graduates interested in the program can find more information and a more detailed explanation of the initiative on the Bangladesh Hi-Tech Park Authority’s official website. However, candidates younger than 32-years of age are mandated to take a test with the organization’s Information and Communication Technology (ICT) Division to qualify. 

17.96 Billion Bangladeshi Taka

The training program will reportedly be supported by a government fund established in conjunction with an Indian credit line for the development of 12 ICT and technology parks. The fund is said to be worth around 17.96 billion Bangladeshi taka, or $208 million. It was approved for implementation in 2017 and will end in June 2020. 

Universities and other institutes of higher learning worldwide have been placing more emphasis on the education and development of distributed ledger technology programs. One such institute, Canada’s University of British Columbia, announced back in June a blockchain and distributed ledger tech training program for students taking their Masteral’s and PhDs. 

Meanwhile, the University of Tokyo and Kyoto University have partnered with Ripple as part of their Blockchain Research Initiative. 

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