Ripple (XRP) announces University Blockchain Research Initiative (UBRI)
Blockchain has garnered several eyes and the interest in blockchain is increasing every second. From various platforms making use blockchain to new business uses, Blockchain is entering a plethora of domains. Now, students and faculty of various universities around the globe are contributing majorly to the creation of more valuable and robust payments system and blockchain.
Ripple has announced an initiative which involves collaboration with top universities around the world. The initiative is University Blockchain Research Initiative (UBRI). University Blockchain Research Initiative (UBRI) is a collaboration with top universities around the world to accelerate and support technical development, academic research, and innovation in the blockchain, digital payments, and cryptocurrency.
The Company is first entering into a partnership with 17 most prestigious universities around the globe. To support the workforce of the future through UBRI, Ripple has already funded $50 million in UBRI by providing technical resources and subject matter expertise. The first wave of UBRI partners represent a broad cross-section of geographies, markets and a rich blend of academic disciplines.
The complete list of UBRI partners is as follows:
- Australian National University College of the Law
- CITP at Princeton
- CSAIL at MIT
- Delft University of Technology (Netherlands)
- Fundação Getulio Vargas (Brazil)
- Haas School of Business, University of California, Berkeley
- IIT Bombay
- International Institute of Information Technology, Hyderabad (IIIT-H)
- Korea University
- McCombs School of Business, UT-Austin
- The University of North Carolina at Chapel Hill
- The University of Pennsylvania
- UCL (University College London)
- University of Luxembourg
- University of Nicosia (Cyprus)
- University of Oregon
- University of Waterloo
These universities will determine their own research topics, priority areas of focus, create a curriculum for learning about cryptocurrency, the blockchain, and other FinTech topics. Universities will also partner with Ripple to stimulate ideas and dialog among faculty, students and business leaders on topics of shared interest and also to stimulate widespread innovation in the blockchain.
Universities, being the traditional backbone of research and innovation, offer rigor and independence that private sector cannot. They train future workforce and develop talent and technological solutions to solve the world’s difficult financial problems.
The initiative is taken in the right direction to address research in cryptocurrency, blockchain and digital payments which are meant to redefine future.