Ripple today announced an initiative known as University Blockchain Research Initiative [UBRI]. This involves a collaboration with top universities around the world.
The initiative is aimed at supporting and accelerating research in academia, and at increasing technical development and innovation in the blockchain sector. This also includes research into cryptocurrency and digital payments.
Ripple also announced that they have already contributed $50 million in funding for UBRI. This includes subject matter expertise and technical resources.
The funding was contributed to 17 prestigious educational institutions worldwide. The institutions were also given the freedom to determine their own research topics and priority areas.
The release said that institutions will partner with Ripple to collaborate on research and technical development aimed at disseminating information about blockchain. The program also aims to create new curriculum to meet the students’ demand to learn about blockchain, cryptocurrency, and financial technology topics.
A communication channel is also aimed to be opened, as stimulating ideas is an integral part of the initiative. Students, faculty, technologists, and business leaders are expected to talk on topics of shared interest. The blog post said:
“The initial UBRI partners represent a broad cross-section of geographies and markets, as well as a rich blend of academic disciplines.”
Significant universities involved in the initiative are Princeton University, which is creating a program to study the impact of cryptocurrencies and blockchain in the US, and University of Pennsylvania, which is supporting select MBA-MS candidates in a dual-degree program established by Wharton Engineering. Some other colleges include Australian National University College, CITP at Princeton, IIT Bombay, IIIT Hyderabad, University of Oregon, Korea University, and CSAIL at MIT.
The blog post said:
“As the traditional backbone of innovation, universities uniquely offer an independence and rigor that the private sector cannot. They also are responsible for training the workforce of the future, helping to address the demand for technological solutions and talent to solve the world’s hardest financial problems.”
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