Ripple has teamed up with 10 top universities for its blockchain research initiative.
The firm announced Thursday that the goal of the University Blockchain Research Initiative (UBRI) is to help expand the blockchain technology ecosystem.
Joining the initiative are Cornell, Georgetown, Carnegie Melon, Duke, Kansas, Morgan State, Michigan, and Northeastern universities in the U.S., and the University of Sao Paulo and the National University of Singapore internationally.
Recently, Ripple also entered a partnership with the Institute for Fintech Research (THUIFR) at Tsinghua University in Beijing, also under its UBRI project.
With Ripple’s UBRI assistance and funding, the institutions will develop and launch course materials, do research, hold conferences, and grant scholarships to eligible students, who are focused on blockchain, virtual currencies, digital payments, and other related subjects.
Duke and Georgetown Universities, in particular, will support “expanding curriculum and teaching, research and technical projects and collaboration across disciplines.” On the other hand, the University of Sao Paulo will be funded for a blockchain innovation program.
According to Ripple, the firm has now a total of 29 university partners, including the new additions.
Ripple has started the initiative in June last year, with more than $50 million commitment to the project and partnership with 17 universities around the world at the time.
Eric van Miltenburg, Ripple’s SVP of global operations, stated in the announcement, “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,” adding that:
“Expanding the ecosystem to a more global, diversified network of UBRI partners will only continue to enrich these projects.”