Ripple announced that other universities will provide support for the network and this will accelerate progress in academia and industry.
The project, which is part of the University Blockchain Research Initiative (UBRI) was created in 2018 with the intent to fund development regarding the use of the blockchain and its possible applications. So far it has led to over 180 research and 95 courses in over 15 countries, demonstrating that this sector is always active.
The latest universities that have joined to support Ripple are Bitcoin Trader Zurich, University of Zurich, Ryerson University and Instituto Tecnológico Autónomo de México (ITAM), bringing the total number of universities to 37.
As far as the University of Zurich is concerned, it is launching the Fintech Innovation Lab which will be the first interdisciplinary research center in this field, as explained by its director, Thomas Puschmann:
“What we do at the University of Zurich is not just special, it is the future.
On the other hand, ETH Zurich is currently engaged in research into security and cryptography and new payment systems, as explained by the professor of systems security, Srdjan Čapkun:
“As we prepare to embark on a new path, the contribution of the EBRU will be important in unlocking the power and potential of financial technology in Switzerland and elsewhere.
In Canada, we have Ryerson University’s Cybersecurity Research Lab (CRL), which is working on Mosaïque, a data-driven system for decentralized networks, as CRL Director Atefeh Mashatan explains:
“We see our partnership with UBRI as an opportunity to leverage Ripple’s expertise in blockchain innovation to create a token-based payment system for Mosaïque.
Finally, in Mexico we can see that the blockchain sector has increased by 90% compared to 2018 and several companies are starting to adopt this technology because the country is too dependent on cash which is becoming increasingly difficult to find.
For this reason, the Mexican government is working to go digital and there are a lot of courses on the subject.
Professor Gustavo Salaiz explained:
“We want to make sure that students have the right skill set for a world where data and transactions take place on distributed records, and Ripple’s UBRI will help us prepare our students for the digital future in the financial services industry.