On Monday, Ripple announced an initiative with the name University Blockchain Research Initiative [UBRI] which involves a collaboration with top global universities.
The initiative aims at the support and acceleration of research in academia and the increasing technical development and innovation in the Blockchain sector. It includes also relative research into cryptocurrency and digital payments.
Ripple also announced that they contributed $50 million in funding for URBI, including subject expertise and technical resources. The funding was allocated to 17 top global educational institutions along with the freedom to determine their research topics and priority areas.
According to the release, there will be a collaboration between those institutions and Ripple on research and technology development aimed at disseminating information about Blockchain. Besides this, it also aims to create a new curriculum to fulfill the students’ interest in Blockchain, cryptocurrency, and financial technology topics.
The opening up of a new communication channel to stimulate ideas is also an integral part of the project. Students, faculty, technologists and business leaders will be able to discuss topics of shared interest. The blog post said, cited by AMBCrypto.com:
“The initial UBRI partners represent a broad cross-section of geographies and markets, as well as a rich blend of academic disciplines.”
Princeton University is one of the 17 Universities involved in the project, which is creating a program to study the impact of cryptocurrencies and Blockchain in the US. Also, University of Pennsylvania is supporting select MBA – MS candidates in the 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.”