Ripple, the company that created the third-largest cryptocurrency by market cap, XRP, has decided to expand its University Blockchain Research Initiative (UBRI). Now, the company has expanded the program to Japan, which makes it present in 14 different countries.
According to the reports, the University of Tokyo and Kyoto University will be a part of the initiative. At the time of this report, UBRI has 33 universities as partners and the number continues to increase with these additions.
The goal of UBRI is to accelerate academic research and innovation about the blockchain all over the world. In order to foster the blockchain technology, Ripple has several partnerships with post-doctoral programs and undergraduate students.
Kyoto University, for instance, will host interdisciplinary workshops that will use the blockchain technology to address global problems. The Department of Economics of the University of Tokyo is starting seminars related to the technology and professors from both universities are starting some research in the area.
As a part of the initiative, the University of Tokyo has affirmed that it will also grant scholarships to the students who are chosen to be a part of the research team.
Ripple and Japan United To Develop Blockchain Technology
According to Eric van Miltenburg, the special vice president of Global Operations at Ripple, the company’s university partners are continuing to transform the world by studying the technology and the academic community is set to be vital in the future of the industry.
He also affirmed that the UBRI network will continue to grow across several countries and that this will accelerate the development of the blockchain across different realities, all with the help of Ripple.
Miltenburb believes that these programs will be important in order to prepare the next generation of people who will work with the blockchain. Entrepreneurs, engineers, and developers will get the expertise that they need in order to create better products.
Emi Yoshikawa, the senior director of Global Operations at the crypto company, praised Japan for becoming a leading force in the crypto industry. According to her, the region is one of the ones that is exploring more of the blockchain ecosystem right now and is set to have great results in due time.
She affirmed that there are very high levels of academic interest in the blockchain and that, with the help of Ripple, Japan is set to become an important country in this landscape.