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Blockchain Research Scholarships To Be Awarded By Ripple and Tsinghua University (THUIFR)

The much dotted technology, blockchain has long been in the headlines, being incorporated by a number of corporations all over the world due to the distinguished features it offers. To work on these projects the need of coders seasoned in the art of blockchain development are in high demand and the universities all over the world are ready to supply to it.

Recently, Tsinghua University Institute for Fintech Research, one of the most prestigious universities in China, announced a scholarship exclusively for students interested in studying Blockchain. This scholarship will be provided in cooperation with the very well known financial tool based on blockchain, Ripple. Through this scholarship, the Chinese institution plans to encourage students to opt for this field of technology.

The BRSP (Blockchain and Research Scholarship Program) is set in place in order to focus on International Regulatory policies and development of the nascent technology. A blockchain research center was also established by THUIFR in an association with a subsidiary of a Chinese institutional financial firm. Ivy Gaosaid, the Director of International Cooperation and Development of THUIFR laid emphasis on the need for educating more students about blockchain by saying,

BRSP aims to help students have a comprehensive view of the latest international regulations on blockchain technology, and most importantly, I believe, this program would greatly help with their future research or career in the field of blockchain technology.

Ripple is among the blockchain based projects that has been making efforts to support research and development of blockchain technology all over the world. Ripple’s University Blockchain Research Initiative, which was formed mid last year in June, is set in place in order to help universities all over the globe to incorporate blockchain courses and its respective development. Reportedly, the platform invested $50 million to support research and development of blockchain in 17 universities. Eric van Miltenburg, SVP of Global Operations at Ripple, said:

We are very impressed with THUIFR for taking a unique and innovative approach to engaging China’s young leaders in the blockchain space. The program’s goal – to provide students with opportunities in blockchain research – closely aligns with that of Ripple’s University Blockchain Research Initiative; we’re thrilled to support THUIFR in this endeavor and look forward to its launch.

Since blockchain made the spotlight there have been several other companies that formed partnership to incubate various blockchain projects. Among these are the multi-sectoral blockchain company, Bitfury, which formed a partnership with the Plekhanov Russian University of Economics to aid this cause. Similarly, The University of Tokyo put together a handsome donation of $800,000 from Japanese bank Sumitomo Mitsui (SMBC), the Ethereum Foundation, Good Luck 3, JSS, Zipper, Hotto link, and Money Forward in order to incubate a blockchain course. It was announced that this educational course named, Blockchain Innovation Donation Course was to be three years long. This educational opportunity is for those individuals who wanted to take a dive into the field of blockchain and come up with additional use cases for the technology, hence increasing the utility of the technology in everyday life.

To sum it all up, the educational sector has been taking initiatives to equip more and more students by incorporating thorough courses on blockchain technology all over the world. This increased interest would undoubtedly act as a catalyst in streamlining blockchain technology. The advantages that are offered by the decentralized technology, a few to name, the transparency, immutability and security are pivotal in driving more and more organizations to migrate to this platform for which they need skillful blockchain developers. With the help of these courses, a deeper understanding of the technology can be inculcated in people, who can further research and develop the technology.

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Habibah Shahid

A Computer Science student but a writer at heart. Habibah writes about Cryptocurrencies and the underlying technology, Blockchain, with the perspective of a Computer Scientist. Email: Contact the editor at editor.news@blockpublisher.com

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