China’s Tsinghua University in Beijing announced the Blockchain Technology Research Scholarship Program (BRSP) last week. The scholarship program is backed by Ripple, which is collaborating with colleges around the world through its University Blockchain Research Initiative.
BRSP will concentrate on international regulatory policies and the development of blockchain technology, based on the research resources and achievements of THUIFR which is supported by Ripple.
Tsinghua University Institute for Fintech Research (THUIFR) posted on Twitter that the University is excited to partner with Ripple.
Students who are willing to admit to the Blockchain Research Program will be involved in cutting-edge research on global regulations and policies on blockchain technology. The program will also provide opportunities to participate in corporate visits and events.
Ivy Gao, Director of International Co-operation and Development, THUIFR stated in the announcement:
“BRSP aims to help students have a comprehensive view of the latest international regulations on blockchain technology, and most importantly, I believe, this program would greatly help with their future research or career in the field of blockchain technology.”
Eric van Miltenburg, SVP Global Operations Ripple noted that “We are very impressed with THUIFR for taking a unique and innovative approach to engaging China’s young leaders in the blockchain space; The program’s goal – to provide students with opportunities in blockchain research – closely aligns with that of Ripple’s University Blockchain Research Initiative; we’re thrilled to support THUIFR in this endeavor and look forward to its launch.”
Last year in June, Ripple announced to invest over $50 million in academic research into blockchain technology. It includes 17 prestigious institutions around the world; these institutions will define their own research topics and priority areas of focus. The institutions are partnering with Ripple to:
- Collaborate on research and technology development that will incite widespread understanding and innovation in the blockchain.
- Create a new curriculum to meet high student demand for learning about blockchain, cryptocurrency and other FinTech topics.
- Stimulate ideas and dialog among students, faculty, business leaders and technologists on topics of shared interest.
Emi Yoshikawa, Senior Director, JVP Global Operations Ripple posted on Twitter that Ripple is excited to work with Tsinghua University Institute for Fintech in helping promote the next generation for blockchain in China.
Ripple has built an effective reputation for itself as a significant player in the world of fintech. Many banks are using Ripple’s xRapid product as their own blockchain solution, with more to add as the concept spreads across the financial organizations.
However, it is perhaps the unique theory of Ripple’s platform and products that appeal to China, considering the substantial variation from that of Bitcoin’s ideas.
Will other cryptocurrency platform follow Ripple’s initiative in the blockchain program? Share your thoughts in the comments.