Technology firm IBM partners with Columbia University to boost blockchain application development by launching a blockchain research center reported Coindesk on July 17.
The blockchain center will open on Tuesday and will be located on the Manhattan campus of Columbia University in New York City. It will integrate blockchain applications by outlining both technical and academic expertise to boost education initiatives.
Later in 2018, IBM research scientists will team up with Columbia faculty members to form a committee that will be working on proposing news recommendations for blockchain “curriculum development, business initiatives and research programs”.
The group will also help blockchain startups regarding regulatory issues and provide the necessary tools for students and professional that would like to learn more about the blockchain technology by improving their technical skills.
The Columbia University provost, John H. Coatsworth expressed that he is convinced that the collaborating group will “significantly advance scholarship and applications.” He believes the committee can play an important role concerning blockchain’s use case in data sharing.
“Our students and faculty, working together with IBM, will play an important role in the vibrant exchange of ideas and research surrounding this transformative technology.”
At the beginning of June, Ripple announced that it was launching the University Blockchain Research Initiative (UBRI) in order to boost academic research in the blockchain space as it invested $50 million in the project.