IBM has teamed up with Columbia University to create two blockchain accelerators, the purpose of which is to support young projects.

Each accelerator will support ten startups. Overall, both entities are part of the center for the study of the blockchain, previously created by IBM and Columbia University. The center, whose tasks include assistance in the implementation of educational initiatives and support application development in the field of blockchain technology began its work this summer.

Managing the blockchain accelerator IBM David Post (David Post) said that Association with a University in the ivy League will help the company to provide their projects to the technology and communications necessary for business development.

“The possibilities offered by blockchain, seem endless. And we really pay much attention to technical talents, who can create apps that can change the game,” commented on a Post.

Blockchain-the IBM accelerator will search for the company with the finished product, seeking to develop it further. Especially interesting is the technical giant of startups focused on finding strategic business partners and customer base for a blockchain-based applications.

Accelerator at Columbia University, on the contrary, will support the projects at the idea stage. Experts from the University will teach young developers and entrepreneurs to create products on the blockchain and develop them. For startups wishing to apply for support accelerator, there is one restrictive condition: they must all be affiliated with Columbia University and universities from a special list.

Software support for the blockchain accelerators will last about eight weeks. Most of the time, accelerators will be located in new York, in the latter stages of the programme some events will be held in San Francisco.

Recall that a little over a week ago, IBM filed a patent application for a blockchain platform that tracks academic articles, and in early November published a similar document describing the system of protection of users of AR apps from entering unsafe locations.