(Yicai Global) March 5 -- Renowned Silicon Valley investor Tim Draper is rounding up troops in China as he looks to bring his aggressive deployment of blockchain technology overseas.
Draper University, which the DFJ Venture Capital founder established, has set up a base in Zhongguancun, Beijing, to cultivate blockchain talent through a training program named dCamp, which aims to create a 'military academy' for the sector. The sector will offer courses led by executives at Draper's investment companies and world-class blockchain projects.
Blockchain, a digital ledger which holds public records of transactions, is best known for its role in cryptocurrencies but has a wide array of uses. One firm even hopes to crack down on voter fraud using the technology. Despite shutting down local virtual currency exchanges, China is keen to press on with blockchain development and more and more venture capital firms are banking on its success.
Draper himself first invested in China when he pumped money millions of dollars into an angel round for OKLink, a global financial network developed by digital asset trading platform OKCoin. OKLink closed USD50 million in its B-round funding.
The university already has a training scheme for blockchain talent in Silicon Valley, and hopes by cooperating with Chinese partners it will be able to develop workers in the country as blockchain becomes more and more prevalent.