Berkeley’s HaaS Business School Announces Blockchain Research Program on Ripple’s XRP Coin
The Haas School of Business at the University of California, Berkeley, announced that it will start a blockchain research programme on XRP. In order to do, the institute received a grant from the University Blockchain Research Initiative, which is founder by Ripple.
The main intention is to improve innovations in the digital and crypto world implementing blockchain solutions. The information was released a few days ago by the Institute for Business and Social Impact (IBSI).
The IBSI announced that the grant will be used to finance the faculty, student research and other activities on the Berkeley Campus. Some other faculties will be included such as the Law School and the School of Information.
Those research projects that are at an advanced stage will be receiving $25,000 dollars. Students will also be receiving between $5,000 and $15,000 dollars. The research proposals will also have to be focused on Ripple’s XRP and related areas.
If there are projects that show that they need more funding, it might be possible for the IBSI to release more funds. Only qualified students and working groups will be able to receive more funds.
Ripple is one of the largest companies in the cryptocurrency market. XRP, the cryptocurrency used by Ripple’s protocol and services is currently the second most valuable virtual currency asset in the cryptocurrency market after Bitcoin (BTC). XRP has a market capitalization of $19.51 billion dollars and each XRP coin can be purchased for $0.484 dollars.
Last week, XRP was able to overtake Ethereum in the market as the second most valuable cryptocurrency. Now, Ethereum has a market capitalization of $16 billion dollars, more than $3 billion dollars less than XRP.