Stanford University has established the Center for Blockchain Research and it is back in part by the Ethereum Foundation. This is according to a June 20 post on the Stanford Engineering website.
Based on the official announcement, the California university reportedly created the center to be able to study how Blockchain tech can transform conventional business operations.
In a Twitter post, Ethereum co-founder Vitalik Buterin made public his support for the Stanford University Blockchain project, tweeting “Excited to be supporting this initiative!”
The Stanford University initiative has also successfully acquired donations from other major Blockchain firms like Protocol Labs, the Interchain Foundation, cryptocurrency exchange OmiseGO, DFINITY Stiftung, and PolyChain Capital.
Computer science professors Dan Boneh and David Mazières will be heading the five-year research program, which will also include other Stanford professors of engineering, particle physics, and law. The initiative venture is also set to develop courses that revolve around Blockchain use cases: from its potential role in the field of finance to data management in other sectors.
According to the announcement, Boneh said that “blockchains will become increasingly critical to doing business globally.” Boneh also happens to be an expert on cryptography and computer security. He added:
“Stanford should be at the forefront of efforts to improve, apply and understand the many ripple effects of this technology […] Once you get into the details you quickly realize that this area will generate many PhD theses across all of computer science and beyond.”
Universities in other parts of the world have been offering Blockchain education, with one Australian research university launching in February a Blockchain course. In addition, Ripple has donated a total of $50 million in early June to 17 universities across the globe in support of Blockchain education programs.