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The Canada-based University of British Columbia (UBC) announced a blockchain and distributed ledger technologies training program for masters and Ph.D. students. The announcement came in a press release on June 11.
According to the press release, the training path is going to be focused on blockchain’s application in health and wellness, clean energy, regulatory technology, and indigenous issues. The program is supposed to run for a length of 6 years. UBC hopes to equip 139 students with the tools to evaluate blockchain solutions and identify opportunities for blockchain implementation.
It is refreshing to see that after being denied its potential for years, blockchain technology is finally being taken seriously. Research and development in the field will help blockchain break through the technological barriers and reach its true potential. Blockchain and cryptocurrency related companies are at the forefront of this effort. Companies like Ripple and Ethereum behind the infamous cryptocurrencies XRP and ETH respectively are collaborating with leading universities around the world to support and accelerate academic research, technical development, and innovation in blockchain, cryptocurrency and digital payments.
15 Industry Partners to Support Blockchain Innovation
The initiative by UBC is supported by 15 industry partners from a wide range of sectors. Some of these partners are Boehringer Ingelheim and Mitacs. Boehringer Ingelheim is a pharmaceutical company whose net sales reached 17.5 billion Euros in 2018.
Uli Brödl, vice president, medical and regulatory affairs at Boehringer Ingelheim, stated:
“We are proud to be part of a collaboration that is considered to be the first in Canada offering multidisciplinary graduate education in blockchain technology, developing the next generation of innovators. This collaboration will allow us to grow the knowledge base and expertise of scientists to leverage the value of blockchain technology in healthcare.”
Mitacs is a not-for-profit that works with federal and municipal governments to support industrial innovation. “Mitacs is pleased to support UBC’s graduate blockchain initiative, which will foster innovation and the training of highly skilled talent to strengthen Canada’s leadership in this emerging area of multidisciplinary research and business transformation,” said Mitacs CEO and Scientific Director, Alejandro Adem.
Together, these 15 partners will provide CA$2.44 million for 156 internships and post-doctoral training projects. Through programs like this, not only will the students get to learn about the power of blockchain but the industry will benefit as a whole from the research and innovation done by these individuals.