CatCoin Infrastructure

Case ID:
UA21-267
Invention:

This technology details a campus-based cryptocurrency platform using blockchain to create a virtual campus economy. CatCoin is a cryptocurrency that will be created by the University of Arizona and distributed by faculty and staff to students. This currency is being created for the purpose of incentivizing positive behaviors within the student population. CatCoin will be distributed to interested faculty and staff who request it for the purpose of offering it to students in return for participating in particular programs or taking advantage of specific services, some examples include participating in co-curricular activities, engaging in community service, taking a COVID-19 test, etc. Students would be able to redeem CatCoin currency for various campus merchandise or services.

Background:
As cryptocurrencies become more and more popular every year, some colleges are starting to accept payment by certain cryptocurrencies. The invention of a University of Arizona campus specific cryptocurrency would allow for a local controllable economy that would be engaging and fun for both faculty and students.

This campus-based cryptocurrency is difficult to counterfeit, providing a secure and fun way to incentivize positive behaviors and action around campus. Additionally, familiarity with cryptocurrencies now is educational for students who will certainly be exposed to them in the near future.

Applications:

  • Campus economy


Advantages:

  • Ease of use
  • Secure
  • Incentivized program
  • Educational
Patent Information:
Contact For More Information:
Lewis Humphreys
Licensing Manager, Eller College of Mngmt & OTT
The University of Arizona
lewish@tla.arizona.edu
Lead Inventor(s):
Gregory Heileman
Jiacheng Zhang
A Departmental Work
Keywords: