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Vitalik Buterin Donates $4M USDC To The University of New South Wales



Vitalik Buterin, the co-founder of Ethereum, has donated $4 million worth of USD Coin (USDC) to the University of New South Wales (UNSW) to support the development of a pandemic detection tool.


It has been reported that the capital, which equates to roughly 5.3 million Australian dollars, is part of Buterin’s self-described “moonshot anti-COVID effort” dubbed Balvi Filantropic Fund in partnership with the Shiba Inu (SHIB) memecoin project and Crypto Relief.


However, the funds will further support the development of the Shiba Inu Open-Source Intelligence- (OISNT)-based EPIWATCH tool, which utilizes artificial intelligence (AI) and open-source data to create early pandemic warning signs.

The report said that created by Kirby Institute professor and biosecurity research head Raina MacIntyre, the tool scans millions of items of publicly available online data, including social media and news reports to detect any changes that could suggest increasing health concerns.


He said:

“Open analysis of public data is an excellent alternative to more intrusive forms of monitoring, which are also often only available to governments and other high bidders but closed to the public.”

He added:

“By contrast, an open-source and open-access approach that allows researchers, including members of the public, to work collaboratively across the world can be more easily improved and scaled to detect new pandemics wherever they begin.”

Likewise, the funding will be allocated to the freshly named OSINT Initiative led by UNSW’s Kirby Institute. MacIntyre said the idea was to make the tool accessible at a “grassroots” level and make sure it covers enough languages to reach “villages and small towns around the world.”


Thus, MacIntyre added:

“Imagine if someone had detected COVID-19 before it spread around the world — that is our vision. Using AI and real-time open-source data, EPIWATCH does not depend on people making reports. It is a great equalizer and can overcome weak health systems and censorship.”

Source: Cointelegraph


 

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