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Ripple will donate $ 50 million to universities for research on the blockchain



Seventeen universities around the world will receive grants for scientific work in the field of a distributed registry.



05.Jun.18 9:27 PM
By John M Jeffcoat
Photo Toinnov.com

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Ripple will donate $ 50 million to universities for research on the blockchain
It is reported that the payment network Ripple will be donated a considerable amount of educational grants. On Monday, the company announced that seventeen higher education institutions around the world would receive $ 50 million for research in the field of blockchain technology. The charity program is aimed at increasing the interest of business communities in distributed registry technology, as well as stimulating the development of innovative technologies.

For this purpose, Ripple is creating a fund called the University Blockchain Research Initiative (UBRI), which will manage dollar donations and distribute them among institutions that deal with their research in the field of blockchain and digital assets.

Also, the charity fund will pursue educational goals to deepen the understanding of the detachment by the society, in parallel with this the organization will develop various courses on the study of blockchain, digital currencies, and financial technologies. The project participants will announce their research topics on the above problems, and receive funds for scientific research.

Many companies are engaged in the popularization of the blockchain, not so long ago we wrote that a group of leading Chinese universities create available educational services with the help of a decentralized autonomous organization (DAO).



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