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   979

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.

RippleNet Now Has Over 200 Participants

According to Brad Garlinghouse, during 2018, RippleNet was replenished with 100 financial institutions
09 January 2019   225

RippleNet was joined by 13 more financial institutions. Now network has more than 200 participants.

New partners of RippleNet are Euro Exim Bank, SendFriend, JNFX, FTCS, Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, ConnectPay, GMT, WorldCom Finance, Olympia Trust Company, Pontual / USEND and Rendimento.

JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank involve the XRP token in their operations. Ripple is confident that this digital asset is great for cross-border payments, as it increases their speed and reduces costs.

According to Ripple CEO Brad Garlinghaus, during 2018, RippleNet was replenished with 100 financial institutions.