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Ripple Expands Footprint in Academic Sector, Becomes Founding Sponsor of U.S.-Based University Blockchain Program

thecryptobasic.com 09 April 2022 09:40, UTC
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Ripple Expands Footprint in Academic Sector.

Carnegie Mellon University (CMU) has announced that popular cryptocurrency and fintech company Ripple has become a founding sponsor of its Secure Blockchain Initiative.

Excited to continue working with Carnegie Mellon University while furthering UBRI's mission to support research and study in #blockchain and #cryptocurrencies. https://t.co/S88IkHRCel

— Ripple (@Ripple) April 8, 2022

In a recent press release, the university noted that the Secure Blockchain Initiative is an interdisciplinary research program established to rethink and reshape blockchain across various enterprise systems, which will provide solutions to major challenges inherent in the technology. 

Ripple’s Mission in the Academic Sector

Lauren Weymouth, Director of University Partnerships at Ripple, said the famous fintech company is anticipating features in the “forward-thinking” program of CMU, which has the prospects of making a major impact in the blockchain sector. 

“As we support Carnegie Mellon faculty and students, Ripple looks forward to working alongside global experts in tackling these open research challenges,” Weymouth added. 

Ripple’s Director of University Partnerships noted that the organization’s mission is to “support research and study in blockchain and cryptocurrencies at universities worldwide. It wouldn’t be possible without partners such as CMU.”  

Furthermore, Weymouth noted that Ripple is committed to ensuring that institutions, businesses, and clients can easily access global financial systems without any restrictions. Its partnership with CMU will further guarantee that goal. 

Extension of Educational Partnerships 

According to the announcement, the recent partnership extends the previous collaboration between Ripple and Carnegie Mellon University. 

Notably, CMU partnered with Ripple’s University Blockchain Research Initiative three years ago, a program designed to support technical development, academic research, and innovation in the crypto and blockchain industries. 

Following the partnership, the blockchain company has collaborated with CMU researchers on multiple blockchain-focused projects, including UBRI Connect and Ripple’s annual academic meetings. 

Commenting on the development, Nicolas Christin, professor, Institute for Software Research, said: 

Sponsoring [email protected] is a perfect and natural progression of a thriving partnership and collaboration between CMU and Ripple. We look forward to Ripple’s support and contributions to our ambitious new initiative.” 

Growing Partnerships Across Various Sectors 

Despite its ongoing lawsuit with the SEC, Ripple has been embarking on groundbreaking partnerships in various sectors since its inception. 

The company has invested in various crypto-related projects like non-fungible funding tokens (NFTs) developers and the academic sector. 

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