Internet related News · 2018-06-05

US $50 mln for univs doing R & D in blockchain & cryptocurrency

Cryptocurrency startup ‘Ripple’ has announced the ‘University Blockchain Research Initiative’ (UBRI), a collaboration with top universities around the world “to support & accelerate academic research, technical development & innovation in blockchain, cryptocurrency & digital payments.”

Ripple said it had committed over US $50 million in funding, subject matter expertise & technical resources to UBRI’s 1st wave of university partners. Seventeen institutions around the world are partners in this. Here’s the complete list.

These schools will determine their own research topics & priority areas of focus, while also partnering with Ripple to:

  • Collaborate on research & technical development that will stimulate widespread understanding & innovation in blockchain.
  • Create new curriculum to meet high student demand for learning about blockchain, cryptocurrency & other FinTech topics.
  • Stimulate ideas & dialog among students, faculty, technologists & business leaders on topics of shared interest.

As part of UBRI, Ripple is also participating in MIT Computer Science & Artificial Intelligence Lab’s new FinTech initiative made up of a nearly a dozen companies across the financial services industry to work with groups of CSAIL’s 116+ researchers on topics like blockchain, cryptocurrencies, cybersecurity & global payments.

Click here to opt-out of Google Analytics