Ripple’s University Blockchain Research Initiative (UBRI) is expanding to Japan.
The company says it’s partnering with Kyoto University and the University of Tokyo to boost academic research, development and innovation in blockchain and cryptocurrency.
This brings the total number of UBRI partnerships to 33 universities in 14 countries. Ripple’s SVP of global operations, Eric van Miltenburg, says the company is just getting started.
“University partners will continue to increase positive awareness of the transformative impact that blockchain technology will have across various industries. As the industry matures, the academic community plays a pivotal in paving the road for innovative companies and entrepreneurs leveraging blockchain technologies and digital assets.
Expanding the UBRI network across the globe to a wide range of university partners will only continue to promote and accelerate the development of blockchain technology and use cases.”
Ripple says both Kyoto University and the University of Tokyo are already ahead of the curve when it comes to the emerging technology.
“Kyoto University’s Graduate School of Advanced Integrated Studies in Human Survivability is hosting workshops and funding research projects based on interdisciplinary approach – including engineering, business and public policy – in order to address global issues. Currently, several graduate students are researching the application of blockchain technology to remittance by migrant workers, digital identity management for refugees and supply chain management for Kyoto’s traditional industry.
The University of Tokyo’s Department of Economics is arranging open seminars related to blockchain and settlement for the public. In addition, professors within the department are conducting research projects on related topics such as the evolving financial system and frameworks on regulation and supervision of the financial industry’s utilization of crypto assets and blockchains. As part of its commitment to nurturing the future generation of innovators, the University of Tokyo will also award scholarships to students involved in the research.”
Ripple’s UBRI is part of the company’s social impact program, Ripple for Good.
The initiative has allocated $100 million toward supporting organizations that are accelerating and expanding global financial inclusion.