Ripple Sponsors Blockchain Research Program Offered By Chinese University

Ripple is backing a scholarship program on blockchain research offered by the Institute for Fintech Research (THUIFR) at Tsinghua University in Beijing. The academic program would concentrate on comprehensive regulatory policies and advancement of blockchain technology. Handpicked students will also take part in business trips and key events.

Ivy Gao, director of international cooperation and development at the university, is of the opinion that the effort is intended to present students with a “comprehensive view,” further stating that he actually thinks it would assist students with their “future research or careers in blockchain technology.”

Ripple’s SVP of global operations, Eric van Miltenburg gave his opinion on the program by saying

“The program’s goal – to provide students with opportunities in blockchain research – closely aligns with that of Ripple’s University Blockchain Research Initiative; we’re thrilled to support THUIFR in this endeavor and look forward to its launch.”

Back in June, Ripple announced that through the university action plan it was investing over $ 50 million in academic research in blockchain. It has also partnered with 17 universities worldwide, including US, Australian, Brazilian, Canadian, European, India and South Korean institutions.

It is not that only private institutions provide sponsorship to blockchain related programs. Even governments across the world have started taking initiative in promoting blockchain.

It can be remembered that the US Department of Energy has set aside $4.80 million in federal funding for universities involved in R&D projects, including blockchain technology.