ETHERLive
ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.

---

24hr ---
--%
Thursday Jun 21st 2018
RESOURCES

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More
SUBMIT

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Contact Us

Ripple Announces $50M University Blockchain Research Initiative

By

Andrea

Tyrell

WriterETHNews.com

Ripple will give $50 million to 17 universities in an effort to foster a "more robust and valuable blockchain and payments ecosystem." The donation is in dollars, not cryptocurrency.

After donating $29M to DonorsChoose, the blockchain settlement platform Ripple announced on its website today that the company will donate $50M to universities worldwide in a program called University Blockchain Research Initiative (UBRI). The funding will be used for research, development, and innovation in blockchain and cryptocurrency, and each school will design a curriculum focused on the technology.

"Much of the enthusiasm and activity to date around blockchain is disconnected from real use cases that result in clear benefits to businesses or civil society," stated Eric van Miltenburg, senior vice president of Business Operations at Ripple. "While Ripple won't dictate research parameters, we are excited to play a role in helping to support faculty and student-led projects that explore increasingly useful applications of blockchain and cryptocurrencies."

Ripple partnered with 17 selected universities in the US, Australia, the Netherlands, Brazil, India, South Korea, the UK, Luxembourg, Cyprus, and Canada. It has not been announced how much each institution will receive. However, Ripple announced that the donation was made in dollars, not in Ripple's proprietary cryptocurrency, XRP. Ripple did not respond by press time to an ETHNews request for an explanation of how these 17 schools were selected.

Princeton University, one of the 17 institutions that UBRI is partnering with, will create a program to study the policy impact that cryptocurrencies and blockchains will have worldwide. Over in Europe, Delft University of Technology and the University of Luxemburg are using UBRI funds to build blockchain research programs within their respective technology departments.

Andrea Tyrell

Andrea Tyrell is a staff writer with ETHNews. She is passionate about ethical journalism, traveling, and community service. Andrea holds no value in cryptocurrency.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Ripple, blockchain or other Ethereum world news.