IBM Partners with Colombia University to Open Blockchain Research Center

The Tech Giant IBM has finally unveiled their new research center with a smart partnership with Colombia University to position them at a point where they can improve the blockchain technology they are using for apps and education.

The new center opens Tuesday, with the center being locate at Colombia University’s Manhattan Campus in New York city and will, along with other aspects, incubate to grow blockchain apps in a process of technical and academic expertise, according to the firm.

The announcement to be made soon, is about the dedicated committee composed of scientific researchers from IBM as well as faculty members from Colombia U. who will start reviewing the new proposals used on the blockchain in a curriculum development, business-based initiative as well as other programs designed for research later this year.

Along with that, the new center will give data and recommendations on new regulatory issues for the startups that are working in the blockchain arena. They will also give internship opportunities to help improve technical skills for the students as well as professionals who have an interest in the tech industry.

John H Coatsworth of Colombia University and a provost made comments as well during the announcement. He foresees the new partnership to greatly improve the applications and scholarships, specifically those that will be used for the blockchain’s case as well as data sharing.

Going on to speak about the students and faculty, Colombia’s collaboration with IBM is going to pay a special part in the exciting exchange about to take place. New ideas and transformative technology are about to be seen by people throughout the industry after research surrounding this idea is completed.

The new announcement marks the most recent effort by the blockchain industry who needs to invest in a top-tier university like we see in the United States that can quickly mov blockchain understanding forward for new adoptions.

As it has been reported by CoinDesk in June, the Ripple’s distributed ledger startup located in San Francisco, will likely invest about $2 million USD in blockchain research in the last five years, as part of its quest to make an investment of about $5o million USD to institutions around the world.

This is a big announcement that has been made, what do you think? What breakthroughs do you think will be seen as a result of the new collaboration? Leave your thoughts in the comments below.

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