Several blockchain startups and cryptocurrency organizations, including the Ethereum Foundation, have come together to sponsor a blockchain research and education center created by Stanford University computer science professors.
According to a press release issued June 20, the Center for Blockchain Research will be a place that brings together industry professionals and university scientists to "develop best practices for this burgeoning and potentially transformative field."
The center will be led by Dan Boneh and David Mazières, who are both professors of computer science. Faculty members will include experts in the fields of particle physics, electrical engineering, and law, among others.
"Stanford should be at the forefront of efforts to improve, apply and understand the many ripple effects of this technology," said Boneh.
In addition to support from the Ethereum Foundation, the center's initial five-year research program is sponsored by DFINITY Stiftung, the Interchain Foundation, OmiseGO, PolyChain Capital, and Protocol Labs. Ethereum co-founder, Vitalik Buterin, voiced his excitement over the foundation's sponsorship of the center in a recent tweet.
Blockchain research and education has been a hot topic this month. On June 4, Ripple announced it was planning to donate $50 million to 17 different universities in an effort to further blockchain research and improve the ecosystem of payments. On June 19, it was reported that the University of California, Berkeley planned to provide a blockchain certificate program designed to be accessible to people of all skill levels. It was also recently revealed that the University of Luxembourg had agreed to begin collaborating with several entities to explore the role of blockchain technology in FinTech projects.