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.
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:
- Princeton University (Center for Information Technology Policy)
- MIT (Computer Science and Artificial Intelligence Laboratory)
- University of Pennsylvania (Wharton School)
- Indian Institute of Technology Bombay
- Australian National University College of the Law
- Delft University of Technology (Netherlands)
- Fundação Getulio Vargas (Brazil)
- University of California, Berkeley (Haas School of Business)
- International Institute of Information Technology, Hyderabad (IIIT-H)
- Korea University
- University of Texas at Austin (McCombs School of Business)
- University of North Carolina at Chapel Hill
- University College London
- University of Luxembourg
- University of Nicosia (Cyprus)
- University of Oregon
- 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.