Trinity College in Dublin has become the first Irish institution to partner with Ripple’s University Blockchain Research Initiative.
According to the Irish Independent, Trinity College will establish a blockchain research initiative at the university’s Adapt Research Ireland Center to work on advancing blockchain technology, addressing cryptocurrency cybersecurity challenges and developing innovative fintech solutions.
As part of the partnership, the university will receive $200,000 in funding over two years and will also host an XRPL Validator, a node that verifies transactions on Ripple’s blockchain network, allowing Trinity researchers to support its decentralized infrastructure.
The initiative will “empower students and staff to research and develop solutions that address real-world problems,” said Hitesh Tewari, a professor at Trinity’s School of Computer Science and Statistics, who will lead the project.
One such project that will be researched and developed under the UBRI program is a decentralized social media platform designed to function without central authority and provide users with greater privacy and control over their data. However, specific details about the project have not been revealed.
Trinity College will also help promote blockchain adoption locally through educational programs and workshops.
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Commenting on the development, Lauren Weymouth, Ripple’s senior director of university partnerships, highlighted Ireland’s position as a “leading hub for blockchain and cryptocurrency development,” adding that the partnership with Trinity College aligns with the mission of Ripple to stimulate groundbreaking developments in the blockchain. industry.
Launched in 2018 with an initial commitment of $50 million, Ripple’s UBRI partners with leading universities around the world to support academic research, technical development and innovation in blockchain, cryptocurrency and digital payments.
Over the past five years, UBRI has collaborated with more than fifty universities in twenty-six countries.
Last year, the University of Toronto, Canada’s largest university, joined the program and became an XRPL validator, working on improvements in payment processing technology.
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