Ripple to Donate $50M to Boost Blockchain Research

The goal of the initiative better understanding of the blockchain and stimulate innovation in this area
05 June 2018   2060

Ripple will donate $ 50 million to 17 universities around the world to increase acceptance of the blockchain and to boost technology research, CCN reports.

Ripple announced the launch of the University Blockchain Research Initiative (UBRI), within which the company will make donations in US dollars to educational institutions conducting their own research in the field of blockchain and digital assets.

We’re excited to announce the University Blockchain Research Initiative (UBRI), a collaboration with top universities around the world to support and accelerate academic research, technical development, and innovation in blockchain, cryptocurrency, and digital payments.
 

Ripple Team

The goal of UBRI is better understanding of the blockchain and stimulate innovation in this area, as well as the development of training courses and programs to raise students' awareness of blockchain, digital currencies and financial technologies.

Here’s the complete list of the 17 universities that Ripple is investing in:

  1. Princeton University (Center for Information Technology Policy)
  2. MIT (Computer Science and Artificial Intelligence Laboratory)
  3. University of Pennsylvania (Wharton School)
  4. Indian Institute of Technology Bombay
  5. Australian National University College of the Law
  6. Delft University of Technology (Netherlands)
  7. Fundação Getulio Vargas (Brazil)
  8. University of California, Berkeley (Haas School of Business)
  9. International Institute of Information Technology, Hyderabad (IIIT-H)
  10. Korea University
  11. University of Texas at Austin (McCombs School of Business)
  12. University of North Carolina at Chapel Hill
  13. University College London
  14. University of Luxembourg
  15. University of Nicosia (Cyprus)
  16. University of Oregon
  17. University of Waterloo (Canada)

 As expected, the project participants will be able to determine the topics of the research themselves, and receive funding from the fund for their conduct.

US Crypto Companies to Support TON in Case With SEC

The Blockchain Association said Telegram taken sufficient measures to ensure that the Gram token offer met SEC requirements
23 January 2020   396

The Blockchain Association, which combines companies such as Coinbase, Circle, 0x and Ripple, issued an expert opinion as part of the ongoing proceedings of the US Securities and Exchange Commission (SEC) with Telegram.

Previously, the Digital Commerce Chamber launched a similar initiative. The blockchain association, however, was more straightforward and stated that Telegram had taken sufficient measures to ensure that the Gram token offer met SEC requirements. According to members of the organization, the actions of the SEC can damage not only Telegram, but the market as a whole.

The Court should not block a long-planned, highly anticipated product launch by interfering with a contract between sophisticated private parties. Doing so would needlessly harm the investors that securities laws were designed to protect.

 

The Blockchain Association

The Blockchain Association notes that for many years it has not been possible for SEC to obtain clear and unambiguous guidance for conducting activities in the cryptocurrency space, while the claims of the regulator make the current situation even more ambiguous. 

The SEC’s lawsuit also raises novel questions regarding whether companies are forbidden from raising funds from sophisticated U.S. investors, under well-established regulatory provisions, to build blockchain networks.

 

The Blockchain Association

They cite examples of startups TurnKey Jet and Pocketful of Quarters, in respect of which the regulator recommended not to apply legal measures, adding that such litigations inevitably involve high costs and do not guarantee industry participants that they will not be prosecuted in the future.

Telegram discussed its plans with SEC staff for a year and a half, provided copious information and responded to limited feedback by adjusting the design of its transaction. Yet, at the end, the SEC has sued, and the SEC’s briefs thus far say nothing about the substance of those discussions. 

 

The Blockchain Association

In conclusion, the group asks the court to “reject the SEC’s arguments that the not-yet-in-existence Grams were securities at the time of the Purchase Agreements.”