Ripple, the third largest cryptocurrency by market cap, has revealed its plans to donate $50 Million to their newly established University Blockchain Research Initiative (UBRI). Ripple is already cooperating with 17 universities around the world, such as MIT, Princeton, Stanford, and the University of London. The funds will be provided to academics to encourage research in the cryptocurrency and blockchain technologies.
Eric van Miltenburg, SVP of Ripple elaborated:
Academia has traditionally been a critical driver of technical innovation. The University Blockchain Research Initiative is an acknowledgement of the vital importance of the unique role universities will play in advancing our understanding and application of cryptography and blockchain technology. It also speaks to the reality that university graduates will fuel a continually evolving and maturing financial marketplace and workforce
The research topics include:
Impact of policies on Cryptocurrencies and Blockchain by Center of Information Technology Policy (CITP) at Princeton University
Blockchain, Cryptocurrencies, Cyber Security and global payments by CSAIL at MIT
Blockchain research in the computer science by department of University of Luxembourg and Delft University of Technology in the Netherlands