Ripple donates USD 50 million to 17 universities to boost blockchain

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Ripple donates USD 50 million to 17 universities to boost blockchain

 

Ripple, the Cryptocurrency startup has decided to donate a huge amount of USD 50 million to 17 of the most prestigious universities around the world. They are really keen on having the blockchain be known and understood by every citizen. Blockchain is the technology on which the infamous bitcoin is being run on.

 

The company also stated that the donations made will all be in the form of USD and not in that of any form of Cryptocurrency. This decision to partner with universities is called as the University Blockchain Research Initiative and was mentioned on their website yesterday on June 4th.

 

The company is based out of San Francisco, California. They stated,

“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.”

 

Adding further,

“From new business-use cases — such as making cross-border payments faster, lower cost and more transparent — to uses of blockchain for good, students and faculty globally are emerging as major contributors to the creation of a more robust and valuable blockchain and payments ecosystem.”

 

Majority of the people in today’s day and age have started showing their profound interest in blockchain. Ripple has noticed this and have tapped into that potential opportunity, deciding to miss out on anything. Other businesses can now see this and follow the suit, but Ripple is the first to pioneer in such an initiative. Ripple earlier said, “Ripple said interest in blockchain is skyrocketing as people are starting to discover the game-changing potential of distributed ledger technology.”

 

Below is the list that the company has decided to partner with a and also invest in the same.

 

  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)

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