UC Berkley To Head Ripple Blockchain Research Program In Bold Move For XRP

UC Berkley To Head Ripple Blockchain Research Program

University of California, Berkeley is launching a research initiative focused on Ripple, for which it is accepting proposals. The deadline for submission is November 30.

The announcement stated the Ripple had granted millions of dollars to the university to fund studies on digital currencies, cryptocurrency payments solutions, and blockchain technology. The research is expected to span several years. Also, the university will introduce courses related to cryptos and distributed ledger technologies.

Additionally, UC Berkeley revealed that the grant will be managed by the Institute for Business and Social Impact. From here, the funds will be allocated for various causes, including cryptography, digital currency payments solutions, and blockchain-based solutions and so on.

The university also highlighted their expectations regarding the nature of the submitted proposals. The proposals will be classed into three broad categories, namely technical, business and regulations. The technical category will cover the technological aspects of Ripple, including scalability, confuses algorithms, security, and so on.

On the other hand, business proposals are expected to highlight how blockchain and cryptos can be used to improve operations in companies. For instance, blockchain solution can be used to curb election malpractice, verification of identity and so on.

Finally, the regulations category will feature proposals talking about the impedance of regulations and how they can contribute to the development of the industry.