The Haas School of Business at the University of California, Berkeley has announced the University Blockchain Research Initiative (UBRI). This program will support and accelerate academic research, technical development, and innovation in blockchain, cryptocurrency, and digital payments. Top universities around the world would collaborate in this ambitious research.
Ripple’s dedication towards research in Blockchain
Being among the most reliable and mature companies in the crypto world, Ripple is suitably qualified to partner with the academic community and help lead development of this ecosystem.
Ripple has invested in this program in order to heighten innovations in digital payments, cryptocurrency, blockchain’s technical development, and academic research.
Ripple has committed over $50 million in funding, subject matter expertise, and technical resources to UBRI’s first wave of university partners —17 prestigious institutions around the world. The grant will finance the faculty, student research, and other related activities across the Berkeley Campus. The grant will be multi-year.
The institution is now calling for proposals from those who have suitably qualified innovations within the institution.
The research and technology development that will stimulate widespread understanding and innovation in blockchain and distributed systems, will be in the following areas.
- Cryptography, Cryptocurrency and digital payments.
- Blockchain and distributed systems
- Stimulate ideas and dialog among students, faculty, technologists and business leaders on topics of shared interest.
In addition to the above, they would also be free to determine their own research topics and priority areas of focus.
The fund would also allow the faculty to support their research and teaching while developing their curriculum, case studies, cross-departmental collaboration.
As part of UBRI, Ripple is also participating in MIT Computer Science and Artificial Intelligence Lab’s new FinTech initiative. This would be made up of a dozen companies across the financial services industry to work with groups of CSAIL’s 116+ researchers.