Ripple introduces the development of blockchain technology in universities
According to the application of representatives of Ripple, eleven leading academic institutions from the United States and around the world have joined the Ripple University Blockchain Research Initiative (UBRI).
UBRI was launched in June 2018 and aims to accelerate academic research, technical development and innovation in blockchain, cryptocurrency and digital payments. At the time of its launch, the platform had 18 partner colleges and universities. The list of these institutions currently includes Carnegie Mellon University, Cornell University, Duke University, Georgetown University, University of Kansas, University of Michigan and others.
According to Ripple representatives, their company allocated over $ 50 million for the development of the UBRI system. And it plans to provide additional financial and technical resources as the program grows. The scale of their projects and research related to blockchain technology will determine the funds allocated to each partner.
Partners for various initiatives use the resources provided by UBRI: curriculum development, launching and expanding courses, conferences, as well as funding scholarships for students and teachers working in blockchain technology.
The result of the development of blockchain technology in universities
Eric van Miltenburg, vice president of international operations for Ripple, expressed his concern about the future development of the program. He said that this system allowed universities to not only develop their own unique classes and projects, but also developed a global network to develop and accelerate the work done. As an example, Ripple uses its partnership with the University of California at Berkeley. As a result of cooperation, the school managed to establish interdisciplinary cooperation between faculties, the university was also able to lead hackaton UI / UX blockchain under the guidance of students.
Berkeley is not the only university that has benefited from the UBRI. In November 2018, Ripple representatives spoke about the impact of UBRI at the University of Texas at Austin. Funds provided by UBRI allowed the training center to increase the number of students attending blockchain-related lessons, as well as expand the scope of these classes. In the fall of 2018, the university was able to offer blockchain-oriented classes for MBA, business intelligence and computer science for senior students.
According to the company, the funds will continue to be directed to the development of the program. They are confident that UBRI funds will allow creating a new project focused on FinTech, attracting more teachers, as well as raising the level of professional development and expertise among existing professors.
UBRI is one of the largest coalitions of blockchain research and development universities. In addition, many universities that are not part of the UBRI alliance are interested in this area of research. In August 2018, the University of Arkansas announced the launch of its Blockchain Center of Excellence, which aims to inform students about the importance of blockchain technology for future business and digital security.