Ripple announced that other universities will provide support for the network and this will accelerate progress in academia and industry.
— Ripple (@Ripple) August 26, 2020
The project, which is part of the University Blockchain Research Initiative (UBRI), was created in 2018 with the aim of financing the development related to the use of the blockchain and its possible applications. So far it has resulted in more than 180 researches and 95 courses in over 15 countries, showing how this sector is constantly active.
The newest universities to support Ripple are ETH Zurich, the University of Zurich, Ryerson University and the Instituto Tecnológico Autónomo de México (ITAM), bringing the total number of universities to 37.
Ripple and universities
As far as the University of Zurich is concerned, it is launching the Fintech Innovation Lab which will be the first interdisciplinary research centre in this field, as explained by its director, Thomas Puschmann:
“What we’re doing at the University of Zurich isn’t just special, it’s the future”.
ETH Zurich, on the other hand, is currently engaged in research into security and cryptography and new payment systems, as explained by the systems security professor, Srdjan Čapkun:
“As we prepare to embark on a new journey, UBRI’s support will be important to unlock the power and potential for financial technology in Switzerland and beyond”.
In Canada there is the Ryerson University Cybersecurity Research Lab (CRL), which is working on Mosaïque, a data-driven system for decentralized networks, as explained by the director of the CRL, Atefeh Mashatan:
“We see our partnership with UBRI as an opportunity to leverage Ripple’s expertise in blockchain innovation to build a token-based payment rail for Mosaïque”.
Finally, in Mexico the blockchain sector has grown by 90% since 2018 and several companies are starting to adopt this technology because the country is too dependent on cash which is becoming increasingly difficult to raise.
That’s why the Mexican government is in the process of going digital, and a lot of courses are being developed.
Professor Gustavo Salaiz explained:
“We want to ensure students have the adequate mix of skills for a world where data and transactions take place on distributed ledgers, and Ripple’s UBRI will help us to prepare our students for the financial service’s digital future”.