Blockchain technology adoption has taken off in the last year due to increased levels of awareness and familiarity. However, it still has lots of room to grow, and has to achieve its potential in that regard for us to say that it is a “normal” or “regular” element in our lives.
One of the idea’s most fervent supporters is, and has been for quite some time now, Ripple. The Ripple project is constantly looking to develop new ways to apply the blockchain technology with the intention of achieving things via streamlining process and providing a unique trust element to them.
The latest piece of news comes from China, a gigantic market for blockchain and tech-related affairs. Ripple has formed a partnership with a local university, one of the most influential and widely known, to develop a blockchain research program.
The Institute for Fintech Research at Tsinghua University in Beijing
The educational institution in question is the Institute for Fintech Research (THUIFR) at Tsinghua University in Beijing. It announced last week that the focus of the new scholarship program would shift to blockchain development and the quest for finding a universal legal and regulatory framework.
Additionally, a handful of selected students will take part in scheduled visits to diverse corporations and other blockchain-related events as part of the research program and thanks to the help of Ripple.
The research project or program is destined to offer students a “comprehensive view” of international regulatory policies regarding blockchain technology, according to Ivy Gao, who currently acts as the University’s Director of international cooperation and development. The staffer thinks that the initiative has the potential of helping those who take part with “future research or career in the field of blockchain technology.”
“The program’s goal – to provide students with opportunities in blockchain research – closely aligns with that of Ripple’s University Blockchain Research Initiative; we’re thrilled to support THUIFR in this endeavor and look forward to its launch,” were the words of the Senior Vice President of Global Operations in the Ripple company, Eric van Miltenburg.
Ripple and other Contributions
As it is widely known by now, Ripple has made a focus on supporting blockchain-related projects and programs in distinct universities and educational institutions all over the world. For example, the protocol made public in June 2018 that it would be investing more than $50 million into academic research involving the technology through universities, forming strategic alliances with 17 of them on an international level, including some in the United States of America, Australia, Brazil, Canada, Europe, India,
Fortunately, Ripple is not alone in its mission, as each passing month, more and more governmental agencies identify funding support in blockchain-related projects and researches conducted at universities as both a contribution and an opportunity for the future.
For example, at the dawn of 2019, United States’ Department of Energy announced a round of federal funding of almost $5 million for high-level educational institutions in the country currently working on research and development (R&D) projects, with a focus on those doing it with blockchain technology.
By Andres Chavez