Ripple Introduces the University Blockchain Research Initiative
Being one of the influential companies in the cryptocurrency space, Ripple has utilized its clout to join hands with the academia to accelerate the development of the crypto ecosystem. Today, Ripple announced the University Blockchain Research Initiative (UBRI), a collaboration with top universities around the globe to promote and accelerate academic research, technical development and innovation in the blockchain, cryptocurrency and digital payments.
Ripple has invested over $50 million in funding, subject matter expertise and technical resources to UBRI’s first roll of university partners —17 prestigious institutions around the world. The news release issued by Ripple states, “These schools will determine their own research topics and priority areas of focus, while also partnering with Ripple to:
a) Collaborate on research and technology development that will stimulate widespread understanding and innovation in the blockchain.
b) Create new curriculum to meet high student demand for learning about blockchain, cryptocurrency, and other FinTech topics.
c) Stimulate ideas and dialog among students, faculty, technologists and business leaders on topics of shared interest.”
The first batch of UBRI partners exemplifies a broad cross-section of geographies and diverse academic disciplines. For example, as the regulatory discussion proceeds to unfold in the public sector, the Center for Information Technology Policy (CITP) at Princeton University is building a UBRI program that will examine the policy influence of cryptocurrencies and blockchain in the U.S. and rest of the world. At The University of Pennsylvania, UBRI is helping in the process of selecting MBA-MS candidates each year in a newly designed Wharton-Engineering dual-degree program. This funding tries to prioritize students working on blockchain or cryptocurrency.
As part of UBRI, Ripple is also engaging in MIT Computer Science, and Artificial Intelligence Lab’s new FinTech enterprise comprising of a nearly a dozen companies across the financial services spectrum to engage with groups of CSAIL’s 116+ researchers on topics like blockchain, cryptocurrencies, cybersecurity and global payments.
Image via Ripple Facebook Page
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