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Ripple Unveils Its Milestones in Blockchain Research: Details

Fri, 07/07/2023 - 16:30
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Godfrey Benjamin
Ripple Labs' involvement in blockchain research hits impressive milestones
Ripple Unveils Its Milestones in Blockchain Research: Details
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American blockchain payments firm Ripple Labs Inc has recorded important milestones in one of its focal operational initiatives, the University Blockchain Research Initiative (UBRI). According to Ripple Labs, the program launched with a $50 million philanthropic commitment has seen 50 partners onboarded across the board.

According to the update, the academic research initiative featuring blockchain technology has seen 590 fellowships and scholarships awarded while supporting the publication of over 1,000 research articles and presentations. The UBRI program is now active on six continents around the world.

Ripple Labs started as a predominantly blockchain payments start-up but it has expanded and diversified over the years as it recorded remarkable growth. The UBRI is one of the core ways to give back to the public while also investing resources into the evolution of emerging technology.

Ripple believes that the adoption of blockchain in the near future is imminent and it is confident that functional research will play a crucial role in this push. The firm confirmed that with its involvement in the UBRI, a number of high-profile universities have rolled out their blockchain and Web 3.0-focused programs already.

Ripple to Expand into Real Estate? Top Exec Reveals Revolutionary Plans

Positioning itself as a force for good

While the firm's legal brawl with the United States Securities and Exchange Commission (SEC) appears to be attempting to derail its focus, Ripple is working hard to be a force for good. As reported earlier by U.Today, the firm is also exploring a move into the real estate Industry.

The plans to boost the tokenization of the real estate sector were confirmed by Ripple's CBDC advisor, Antony Welfare, who also discussed similarities on how the innovation will incorporate central bank digital currencies (CBDCs).

Despite the lawsuit and its impacts, Ripple community members appear pleased with the firm regarding its latest strides.

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About the author

Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey's articles has been featured on, Cryptonews and Coingape, among others.