The University of Tokyo Joins Ripple’s UBRI And Becomes An XRPL Validator

Ripple continues to expand its solutions and partnerships with institutions and organizations around the world. This time. The company added The University of Tokyo to its Blockchain Research Initiative for Universities called UBRI.

The information about this new partnership was released by Emi Yoshikawa, the Global Operations and Partnership at Ripple.

Ripple Adds The University of Tokyo to Its UBRI Project

XRPL validators are in charge of determining whether transactions meet protocol requirements or not. These validators are in charge of the XRP transactions processed by the network. Malicious parties could try to double-spend the funds, for this reason, it is very important the role played by the validators.

Ripple has been working on its UBRI Program in the past. It is already supporting over 30 different Universities in 14 countries around the world.

In Japan, the Kyoto University joined the UBRI project in the past in order to accelerate academic research, technical development and innovation in distributed ledger technology and cryptocurrencies.

Japan has always been a hub and leading country in terms of cryptocurrency adoption and blockchain technology development. According to data provided by Coinhills, the Japanese Yen is the second most traded cryptocurrency against Bitcoin with 14.87% of the market share after the United States with a market dominance of 73.91% at the time of writing.

In the past, UBRI partnered with top universities in different continents in order to support research, host conferences and events and promote scholarships. However, each of the universities that participate in Ripple’s University Blockchain Research Initiative has the possibility to determine their own research topics and in which areas they are going to be focusing on.

Just Yesterday, the Japanese cryptocurrency exchange bitFlyer added support to XRP and started a 100,000 JPY giveaway to ten users that traded over 5,000 JPY until December 26, 2019.

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Carl T
Carl T
Carl is a legend in cryptocurrency space for his long-storied experience, history and insights. He is a digital nomad who fell in love with bitcoin and its offspring for many years now and prides himself on delivering quality perspectives in the emerging world of crypto-assets and blockchain technology.

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[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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