Ripple Invests $50 Million In Blockchain-Focused Academic Research Initiative

San Francisco-based Ripple has announced the University Blockchain Research Initiative – a partnership with 17 top universities from around the globe focused on supporting and accelerating “academic research, technical development and innovation in blockchain, cryptocurrency, and digital payments.”

To fund the new research initiative, Ripple has committed to investing $50 million to support various research projects. In the announcement, Team Ripple talks about the motivation behind their investment in the University Blockchain Research Initiative:

‘Interest in blockchain is soaring, with a groundswell of activity taking place on the campuses of the world’s top universities. 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.’

The statement continues:

“As one of the most mature companies in the space, Ripple is uniquely suited to partner with the academic community and help lead development of this ecosystem.”

Despite Ripple funding the efforts, universities will be able to choose their own research topics. The 17 universities included in the initiative are as follows:

  • Australian National University College of the Law
  • CITP at Princeton
  • CSAIL at MIT
  • Delft University of Technology (Netherlands)
  • Fundação Getulio Vargas (Brazil)
  • Haas School of Business, University of California, Berkeley
  • IIT Bombay
  • International Institute of Information Technology, Hyderabad (IIIT-H)
  • Korea University
  • McCombs School of Business, UT-Austin
  • The University of North Carolina at Chapel Hill
  • The University of Pennsylvania
  • UCL (University College London)
  • University of Luxembourg
  • University of Nicosia (Cyprus)
  • University of Oregon
  • University of Waterloo

Ripple hopes by combining a “broad cross-section of geographies and markets, as well as a rich blend of academic disciplines” the initiative will achieve greater breakthroughs in their research.

Ripple is no stranger to assisting educational efforts. In March on “Best School Day,” the firm donated $29 million in XRP to purchase school supplies and other materials.

Tony Spilotro

Tony Spilotro is a skilled content producer with over a decade of experience across editorial, SEO, and social media. Tony grew up around technology, loves video games, saw the rise of the Internet, and is a master of the search engine - cryptocurrency was a natural evolution of Tony's biggest passions

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