Cryptocurrency firm Ripple added another batch of 11 of the world’s top universities to its blockchain research program, according to an official blog post by Ripple, yesterday, February 7. University Blockchain Research Initiative (UBRI) is designed to help grow the blockchain technology space, Ripple stated yesterday.
The universities that will join the blockchain research initiative include Carnegie Mellon, Cornell, Duke, Georgetown, Morgan State, Kansas, Michigan, and Northeastern in the US, as well as the National University of Singapore, and the University of Sao Paulo in Brazil. Ripple also partnered with the Institute for Fintech Research (THUIFR) at Tsinghua University in Beijing under the UBRI last month.
Ripple has already partnered with other top universities in the world on blockchain research initiative. The cryptocurrency company committed over 50 million USD in funding, subject matter expertise, and technical resources to UBRI’s first wave of university partners, made up of 17 institutions around the world.
The institutions will have access to UBRI resources and be tasked with carrying out research, developing, and launching course materials for students in the blockchain space. The institutions will also host conferences and award scholarships to students pursuing higher education in blockchain, cryptocurrency, digital payments, and related subjects.
“Duke and Georgetown universities will support expanding curriculum and teaching, research and technical projects, and collaboration across disciplines,” Ripple said for Forbes. Meanwhile, the University of Sao Paulo will receive funding to launch a blockchain innovation program.
With the new additions, Ripple has now partnered with 29 universities on its blockchain research initiative. Ripple’s SVP of global operations, Eric van Miltenburg, stated that in less than a year, the first batch of UBRI partners recorded achievements by launching 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,” van Miltenburg added. Ripple is placing full faith in these universities and hopes the program will help accelerate the interest in blockchain technology and cryptocurrencies.