UBRI Welcomes First University Partners in Africa, UAE and Iceland, Drives CBDC Research Forward

Today, Ripple’s University Blockchain Research Initiative (UBRI)—the main college blockchain accelerator program—welcomes the University of Capetown, Reykjavik University, and New York University Abu Dhabi (NYU Abu Dhabi) to resolve key challenges in monetary know-how and advance real-world options for blockchain and cryptocurrency. The three additions be part of greater than 35 world college companions already deeply engaged in blockchain analysis and constructing new use circumstances for fintech.

Launched in 2018, UBRI helps to maneuver the blockchain business ahead by offering college and college students with the technical instruments and sources required to thrive as a part of the following era of tech expertise. Innovation and technological developments have historically stemmed from academia. By supporting new curriculum, analysis and technical drawback fixing, information sharing, and convening, UBRI is main the fintech workforce of the long run.

For instance, Yuliya Guseva of Rutgers Law School not too long ago performed analysis into world crypto enforcement, whereas Oxford’s Saïd Business School is launching a brand new Future of Finance and Technology Initiative for which UBRI will sponsor Ph.D. analysis into open banking and monetary wellness innovation. To date, UBRI has grown to see greater than 280 analysis tasks and 161 new or modified programs throughout 18 nations. 

Today, the University of Cape Town, a number one analysis college in South Africa, joins Ripple’s UBRI as its first Africa-based companion, providing Masters and Ph.D. packages in monetary know-how. The University of Cape Town teaches core open-payment protocols and blockchain applied sciences as a part of its “FinTech and Crypto” course, for which the college is collaborating with current UBRI companions on the University of Oxford and MIT to develop a number one curriculum. 

Students on the University of Cape Town’s School of Economics can even focus their analysis on central financial institution digital currencies (CBDCs), delving into points resembling interoperability, monetary inclusion and safe digital id. Co-Pierre Georg, Associate Professor on the University of Cape Town and course convener for the MPhil in Financial Technology explains, “Central banks around the world are studying the use of distributed ledgers to overhaul their payments infrastructure, and nowhere is this more important than in Africa. With our large remittance sector and high cost of cash, this grant will help us accelerate our activities to create the necessary skills to ensure the innovativeness of our financial services sector.”

NYU Abu Dhabi—UBRI’s first companion within the UAE—can even be part of universities resembling National University of Singapore, University College London, Stanford University and ETH Zurich, that are deploying analysis into CBDCs. Students in NYU Abu Dhabi’s Social Science division will discover new use circumstances for digital belongings in programs resembling, “FinTech Innovation: Finance, Technology, Regulation” and “Crypto Economics.” Ripple can be thrilled to be a part of the Corporate Sprint Accelerator Program developed by startAD, the startup accelerator powered by Tamkeen and anchored at NYU Abu Dhabi. By becoming a member of the dash accelerator, UBRI will steer fintech and blockchain startups from world wide to launch and develop into the UAE market by way of pilot tasks with revolutionary firms.

“Blockchain is the cornerstone of the digital transformation that will drive economic development in the decades to come. In fact, the global blockchain distributed ledger market size is projected to reach $137.29 billion by 2027, growing 62.7 percent from 2020 to 2027,” mentioned Ramesh Jagannathan, Managing Director of startAD and likewise Vice Provost for Entrepreneurship at NYU Abu Dhabi. “NYU Abu Dhabi and startAD intend to be at the forefront of research and implementation of new technologies into real-world applications, spurred by visionary government initiatives and groundbreaking initiatives such as Ripple’s UBRI.”

UBRI allows colleges like Reykjavik University to additional speed up educational analysis, technical growth, and innovation in blockchain, cryptocurrency, fintech, and digital funds. Reykjavik’s UBRI funding and partnership will assist the School of Technology’s analysis on new verticals and fintech functions utilizing blockchain. “The relationship with Ripple UBRI will strengthen our efforts to experiment with the fashions and companies that now we have been researching in a sensible setting utilizing Ripple’s world community {and professional} platform. This is according to our objectives of connecting our educational analysis with business and sensible settings,“ mentioned Dr. Gisli Hjalmtysson, Dean of the School of Technology at Reykjavik University.

Reykjavik University can even work carefully with Ripple’s Iceland entity, which serves as one in every of Ripple’s engineering hubs to foster technical expertise within the area.

To study extra about Ripple’s UBRI and the way its companions are growing new use circumstances with distributed ledger know-how (DLT), tune in to All About Blockchain.

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