Ripple has entered a partnership with a top university in China for a blockchain research program.
The Institute for Fintech Research (THUIFR) at Tsinghua University in Beijing published an announcement last week about the details of the scholarship program. The program would focus on blockchain development and global regulatory policies. Students who will be selected will also have a chance to participate in corporate events and visits.
The university’s director of international cooperation and development, Ivy Gao, said that the initiative’s goal is to offer students with a “comprehensive view” of worldwide blockchain regulatory policies, stating that it would assist students with their “future research or career in the field of blockchain technology.”
Ripple’s SVP of global operations, Eric van Miltenburg, stated:
“The program’s goal – to provide students with opportunities in blockchain research – closely aligns with that of Ripple’s University Blockchain Research Initiative; we’re thrilled to support THUIFR in this endeavor and look forward to its launch.”
Last June, Ripple said that it was allocating more than $50 million for blockchain academic research through the university initiative. At the time, the company partnered with 17 universities across the world, including institutions in the U.S., Canada, Brazil, India, Europe, and South Korea.
Government agencies also support blockchain research projects of different educational institutions. Recently, the U.S. Department of Energy allotted federal funding of up to $4.8 million for universities working on research and development projects, including blockchain tech.