- Fairfax County Shifts Part of its Pension Funds to Blockchain Technology Investments
- LocalBitcoins Intends to Fully Comply with the Upcoming Anti-Money Laundering Regulations
- Crypto Holders Now Trade Derivatives in Order to Cover their Losses
- Morgan Creek Digital Announces $40 Million Crypto Venture Fund Backed by Pensions
- General Motors Financial Teams Up with Spring Labs to Utilize Blockchain against Identity Fraud
Ripple is one of the most matured blockchain companies in the crypto space. They are known for their involvement in supporting academic research and development in the field as well. The firm showed its resolve to that commitment back in June 2018 by launching its University Blockchain Research Initiative (UBRI).
The intention of this program was to accelerate academic research, technical development, and innovation in the blockchain, cryptocurrency and digital payments space. Ripple has committed over $50 million in funding and other resources to UBRI’s first wave of university partners.
The first wave of university partners included 17 prestigious institutions from around the world. Now, Ripple has announced that they added another 11 new universities to the UBRI program, raising the total of partners to 29. The new institutions include:
- Carnegie Mellon University
- Cornell University
- Duke University
- Georgetown University
- University of Kansas
- University of Michigan
- Morgan State University
- National University of Singapore
- Northeastern University
- University of Sao Paulo
- Institute for Fintech Research, Tsinghua University
Eric van Miltenburg, SVP of Global Operations at Ripple, stated:
“We launched UBRI back in June of 2018 to provide support for 17 different universities around the world to help progress their study of blockchain technology, cryptography, digital assets, and fintech. The blockchain is an incredibly transformational technology and helping advance the best minds in the world, who are already showing interest in this field, is sure to benefit the entire ecosystem. We’ve added 11 new universities this time around and now have 29 schools involved with the program. Expanding the ecosystem to a more global, diversified network of UBRI partners will only continue to enrich these projects.”
UBRI partners will also reportedly be hosting workshops at Duke and Georgetown that center on a gamut of topics, including blockchain, cryptography, cybersecurity, and regulation. In Brazil, the University of São Paulo will reportedly be funded to launch an interdisciplinary blockchain innovation program for students across engineering, law, mathematics, economics and business administration. Many other global universities have launched their own internal blockchain laboratories, research centers and degree programs and certificates — including MIT in the U.S. and the IT University of Copenhagen.
Such initiative by industry giants shows their commitment to ensuring that the crypto space remains competitive to traditional finance and banking. Driving innovation through research and development is the fastest way to ensure that the industry benefits from the talent pouring in through programs like these.