Trinity College Dublin is now the initial Irish educational establishment to team up with Ripple‘s University Blockchain Collaborative Program.
Based on reports from the Irish Independent, Trinity College is planning to establish a blockchain research center within the Adapt Research Ireland Centre at the university. The purpose of this initiative is threefold: to progress blockchain technology, tackle security issues in cryptocurrencies, and create cutting-edge fintech solutions.
In this partnership, the university stands to gain $200,000 distributed over a span of two years as funding. Additionally, they will be responsible for housing an XRPL validator, which is a crucial node that verifies transactions within Ripple’s blockchain network. This setup allows Trinity researchers to contribute towards the decentralized infrastructure of Ripple.
According to Professor Hitesh Tewari from Trinity’s School of Computer Science and Statistics, the initiative empowers both students and staff to explore and create practical solutions for real-life problems that they will oversee.
One of the projects that may be explored and created within the UBRI program is a community-governed social media network. This platform aims to function independently of any central power, providing users with enhanced privacy and autonomy over their data. At this point, the particulars regarding the project remain undisclosed.
As a crypto investor, I’m excited about the role Trinity College is playing in fostering local blockchain adoption. They are offering educational programs and workshops to teach people about this technology, helping us all understand it better and potentially use it more frequently.
Speaking about the progress being made, Lauren Weymouth, Ripple’s senior director of university partnerships, emphasized Ireland as a “pioneering center for blockchain and cryptocurrency innovation.” She noted that the collaboration with Trinity College is in line with Ripple’s goal to foster groundbreaking developments within the blockchain sector.
In 2018, Ripple kicked off a global partnership initiative with an initial investment of $50 million. This program, known as Ripple’s UBRI (University Blockchain Research Initiative), collaborates with renowned universities to foster research, technological advancements, and innovative ideas in the areas of blockchain technology, cryptocurrency, and digital payments.
For the last five years, UBRI has collaborated with over fifty universities spread across twenty-six nations.
Previously, it was announced that Canada’s largest educational institution, the University of Toronto, joined the XRP Ledger network as a validator, focusing on innovations within payment processing technologies last year.
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2025-01-20 11:37