One way or shall we say one necessary step to promote cryptocurrency and blockchain technology adoption is to impart knowledge about them. Working on the lines Ripple is funding 11 prestigious universities and colleges across the globe for academic research and development in blockchain technology and cryptocurrency.
As per the official announcement on Ripple’s website, some of the most highly regarded and ranked universities, such as Cornell University, Duke University, Tsinghua University, National University of Singapore, among others are part of the initiative dubbed as the University Blockchain Research Initiative (UBRI).
— Ripple (@Ripple) June 4, 2018
Eric van Miltenberg, the SVP of Ripple Global Operations stated in an official statement the after UBRI- 2018, a wave of research projects, events, and course have been reported across the glove. He elaborated:
“In less than a year, our initial UBRI partners hit the ground running with the launch of new research projects, events, course offerings and more. Expanding the ecosystem to a more global, diversified network of UBRI partners will only continue to enrich these projects.”
UBRI was first introduced by Ripple in June 2018, at the time the company revealed that top universities will receive more than $50 million in order to accelerate the research around blockchain technology.
“We are excited by the momentum that the Ripple UBRI Partnership has fostered at Berkeley Haas and throughout UC Berkeley in the development of blockchain, digital payments and cryptocurrency-related research and innovation.
In December, we awarded the first round of Ripple-funded faculty and student blockchain, digital payments and cryptocurrency-focused research grants. Also, we are sponsoring numerous student-led activities this semester, including partnering with Blockchain at Berkeley to host a blockchain/fintech industry Spring speaker series at Haas.”
As desired by Ripple, their efforts during the past year, have enabled universities and colleges to provide students with grants to explore the cryptocurrency space. This, in turn, has provided an environment that encourages the young talent to research and study the newly emerging technology.