In July of 2017, Ryan Taylor, CEO of Dash Core Group Inc., submitted a proposal to the Dash treasury system (https://www.dashcentral.org/p/asu-bc-lab-201707) to fund a $50,000 sponsorship of the ASU Blockchain Research Lab. The sponsorship’s purpose is for funding research conducted in the lab pertaining to blockchain throughput capacity and latency performance, with respect to the Dash network. The proposal passed and ASU received funding in August of 2017.
With this sponsorship, Dash and ASU create the first-ever university-level research lab sponsorship funded by a decentralized network.
Dash is one of the largest digital currencies (by market cap) and is based on the Bitcoin software. Among other features like InstantSend and PrivateSend, the former allowing for near-instant confirmation times and the latter enabling privacy of transactions, the Dash network has a treasury system. This treasury system is allotted a budget every month and proposals are submitted to the network for a fee of 5 DASH. Once a proposal is submitted, the network then votes, in a completely decentralized manner, on the proposals they see value in and want to support. If the proposal passes, the blockchain itself (through a superblock) distributes the allotted amount of the budget to the payout address specified when the proposal was submitted.