Ripple’s XRP Research –The Haas School of Business at the University of California, Berkeley has announced the beginning of a blockchain research programme on Ripple’s XRP after the institute received a grant from the University Blockchain Research Initiative, a blockchain centred programmed founded and funded by Ripple purposely to heighten innovations in digital payments, cryptocurrency, blockchain’s technical development and academic research.
The institution received a multi-year, multi-million-dollar grant from the cross-border payment settlement startup, Ripple, and is therefore calling for proposals from those who have suitably qualified innovations within the institution.
According to a letter released by the Institute for Business and Social Impact (IBSI), which is to work with the Masters of Financial Engineering (MFE) program at Berkeley, dictates that the grant will finance the faculty, student research and other related activities across the Berkeley Campus.
The research will also include the Engineering, the Law School, School of Information, and other colleges or programs.
In this wise, IBSI intends to award grants for academic research and supporting activities in:
- Blockchain and distributed systems.
- Cryptocurrency and digital payments.
- Cryptography, particularly as it relates to the above topics.
- Related subject areas such as blockchain for economic development and global financial inclusion will also be considered.
Also, the announcement noted that fund is readily available for the faculty to support their research and teaching, while developing their curriculum, case studies, cross-departmental collaboration.
The institution is ready to fund Graduate student research to the tune of $5,000, and faculty research to the tune of $15,000. However, Research projects that are at an advanced stage will receive funding to the tune of $25,000.
Meanwhile the research proposals are to be centered on Ripple’s XRP and related areas.
Aside the funding level stated, IBSI is ready to fund projects beyond the funding level stated for projects qualified to seek more.