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Stanford University Launches Its Blockchain Research Center Supported by Ethereum Foundation

“Blockchains will become increasingly critical to doing business globally.”

It is reported that Stanford University has created a blockchain research center to study how blockchain technology can transform traditional business interaction patterns. According to reports, the research center was sponsored by Ethereum Foundation and other institutions.

Vitalik Buterin, co-founder of Ethereum, forwarded the news on Twitter and said he was “very excited” to support the Stanford University program. This clearly shows that the Ethereum Foundation has decided to support the program.

In addition to the Ethereum Foundation, the Center for Blockchain Research has received contributions from Protocol Labs, the Interchain Foundation, crypto exchange OmiseGO, DFINITY Stiftung and PolyChain Capital.

It is said that Stanford Computer Professors Dan Boneh and David Mazières will be leading the research center during its previous first five years. In addition, the school’s professors of engineering, particle physics, and law will also participate.

In addition to blockchain research, the program will also develop a blockchain implementation course to explore potential applications of the technology in the financial sector and applications in data management in other areas.

Boneh , cryptography and computer security expert at Stanford, said:

“Blockchains will become increasingly critical to doing business globally.”

It is reported that many universities around the world have started to provide blockchain education courses. The Royal Melbourne Institute of Technology in Australia launched a blockchain course in February this year, and Ripple (XRP) donated US$50 million to seventeen universities worldwide in early June to support the blockchain education program.

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