Yesterday Ripple presented its University research blockchain initiative (UBRI), in which the technology company will support 17 higher institutions in the world conducting research in the field of blockchain and cryptocurrency.

“Universities are traditionally a source of innovations, characterized by independence and thoroughness, which is not enough for the private sector. They also raise future frames, thereby helping to meet the demand for technological solutions and talent to solve the most complex financial problems of the world,” — said in a press release.

In a message posted on the website of the company, says that Ripple is planning to provide partners of the initiative more than $50 million, to share with them their experiences and “technological resources”.

Among the main objectives of the project is to contribute to a better understanding of the technology and promotion of blockchain innovation, as well as the launch of new training programmes on this technology. Topics of their research institutions will define yourself — it may be the use of the blockchain in business and social.

Under UBRI Center for information technology policy (CITP) at Princeton University will open a course where students will study the impact of cryptocurrencies and blockchain policy in the United States and around the world.

And the largest technical University of the Netherlands located in Delft, with UBRI launch a new blockchain research program in the departments of computer science and engineering.

We will remind that earlier the Ripple also introduced a new program to support the business sector Xpring, to which the company will provide assistance in exchange for a commitment on the part of entrepreneurs to use the registry Ripple and XRP, the native token.