OmiseGO (OMG) supporting Center for Blockchain Research at Stanford
OmiseGO (OMG) has offered its support to Stanford University for the newly founded the Center for Blockchain Research. The initiative founded by Stanford computer scientists is focussed on researching and understanding Blockchain technology. They believe that Blockchain can fundamentally change how people and companies make deals and complete financial transactions over the internet. OmiseGO recently opened a second Blockchain co-working space in Singapore
Along with OmiseGO there are several other Blockchain organizations which have pitched in for this initiative by Stanford. The list of supporters includes The Ethereum Foundation, Protocol Labs, the Interchain Foundation, DFINITY Stiftung and PolyChain Capital. These organizations have funded the center’s initial five-year research program.
According to Stanford’s announcement, this Blockchain initiative is headed by professors of computer science, Dan Boneh and David Mazières. Alex Aiken, David Dill, John Mitchell, Tim Roughgarden along with Joe Grundfest will be part of the center’s inaugural faculty. Joe Grundfest however is part of the law school faculty.
OmiseGO announced the news with a very cheery tweet,
Happy to announce $OMG support for @Stanford‘s new Center for Blockchain Research, co-sponsoring w fellow builders @Ethereum Foundation?, @cosmos, @dfinity, & @protocollabs, and VC @polychaincap. Congrats @danboneh on getting more research going! #Plasma
— OmiseGO (@omise_go) June 21, 2018
Dan Boneh, an expert on cryptography and computer security and the Rajeev Motwani Professor in the School of Engineering, said,
“Blockchains will become increasingly critical to doing business globally. Stanford should be at the forefront of efforts to improve, apply and understand the many ripple effects of this technology.”
University scientists and industry leaders together, can help develop best practices for the burgeoning and potentially transformative field of Blockchain. Along with research, the scientists at the center are also creating courses for the center’s future students and working professionals. This will help them utilize Blockchain to develop financial instruments, protect intellectual property, manage vital records and more.
According to David Mazières,
“Blockchain massively lowers the barriers to creating tradeable, digital assets. It allows individuals who don’t know each other, or even trust one another, to make irreversible transactions in a whole variety of fields in a safe and secure way.”
The new center will address challenges related to Blockchain’s practical, legal and societal aspects. They will also develop a curriculum which will enable its use across a variety of fields and applications.
OmiseGO is an Ethereum-based open payment platform and decentralised exchange. They aim to provide better financial services for those who use traditional banking services as well as the ones without too. Especially people in countries without proper banking infrastructure. OMG is their ERC-20 based digital token. OMG is currently trading at $9.12 and has a market cap of $930,167,860.
Image via Shutterstock
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