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Ripple is giving universities $ 50M to research crypto and blockchain

After donating $ 29 million to a charity of a US public school, cryptocurrency giant Ripple is launching another $ 50 million fund, this time for colleges.

The new initiative, called the University Blockchain Research Initiative (UBRI), will provide $ 50 million in funding to universities for academic research and initiatives related to blockchain, cryptocurrency and digital payments, the company announced on its blog today.

In addition to funding, Ripple promises to provide technical expertise and technical resources to partner universities as part of this initiative.

So far, Ripple has partnered with 17 universities around the world. The current list of UBRI participants includes Princeton University, UC Berkeley, MIT, Delft University of Technology, IIT Bombay, UNC Chapel Hill, University of Luxembourg, Australian National University, Fundação Getulio Vargas in Brazil, IIIT Hyderabad, Korea University, UT Austin , University of London, University of Nicosia, University of Oregon and University of Waterloo.

As part of the initiative, the universities will design curriculums focused on blockchain and cryptocurrencies; The objective is to encourage students to seek research and innovation in distributed accounting book technologies. Ripple has entrusted universities with the freedom to choose their own research approach and develop a personalized curriculum.

The fact that some of the most accredited universities are involved in the research of block chains and cryptocurrencies is a remarkable development, and one that could go a long way towards fostering responsible innovation in space.

In fact, Joshua Lind, a researcher at the block chain at Imperial College London, recently told the Binary District Journal that "the best results will come from the existing academy, industry and crypto communities [and] working together."

Published on June 4, 2018 at 2:21 PM UTC

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