Blockchain technology is becoming extremely popular amongst the budding techno skilled generation. There are several blockchain-related activities going on some of the world-class universities at the moment. Also, this system is highly effective as it offers faster cross-border payment, more transparency and cheaper cost. The effective improvisations are being done in order to make it an easy functioning payment system across the globe.
Ripple, the real-time gross settlement system popularly known as (RTGS) is a close association with the academic community. The operating company has decided to fund over $50 million to the University Blockchain Research Initiative (UBRI). This is done in order to step up technical progress, academic research, improvising blockchain technology, digital payments, and cryptocurrency. Eric van Miltenburg, senior vice president of global operations at Ripple mentioned that academics has been a critical driver of technical innovation.
It is going to include 17 esteemed institutes around the world for expanding the knowledge of subject matter expertise and technical developments. However, each institute will have the liberty to decide their core areas of research. This collaboration will lead to an extensive understanding of blockchain technology. Apart from this, the curriculum will get enhanced according to student’s need of learning payment system.
The overall idea will encourage the flow of various ideas and innovative methodologies among students, faculties, experts, and technologists. In addition to this, all the institutes that are a part of this prestigious collaboration will execute and implement advanced technological solutions for the tedious and complex system solutions of Blockchain technology.
Who Are A Part Of UBRI?
Some of the partners of this alliance include Australian National University College of the Law, CITP at Princeton, CSAIL at MIT, University of Nicosia (Cyprus), Delft University of Technology (Netherlands), Fundação Getulio Vargas (Brazil), Haas School of Business, University of California, Berkeley, IIT Bombay, University of Oregon, McCombs School of Business, UT-Austin, UCL (University College London) and University of Luxembourg.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]