Ripple has joined forces with three more leading universities, expanding its blockchain accelerator program called the University Blockchain Research Initiative (UBRI).
The University of Capetown, New York University Abu Dhabi, and Reykjavik University have been added to the list of the company’s partners in academia. Notably, these educational institutions are from three separate continents.
The aforementioned universities will be able to conduct research, host conferences, and support blockchain-focused initiatives of their students by relying on Ripple’s UBRI funding.
University of Michigan, Cornell University, and Duke University are among the top universities that have partnered with Ripples. Some of the institutions, such as the University of Tokyo, also act as validators as XRP Ledger validators.
280 research projects
Originally launched in June 2018, UBRI has already sponsored 280 research projects.
Co-Pierre Georg, an associate professor at the University of Cape Town, claims that Ripple’s grant will help to “ensure the innovativeness” in the country’s remittance sector:
Central banks around the world are studying the use of distributed ledgers to overhaul their payments infrastructure, and nowhere is this more important than in Africa. With our large remittance sector and high cost of cash, this grant will help us accelerate our activities to create the necessary skills to ensure the innovativeness of our financial services sector.