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Stanford University Launches Blockchain Research Center




The new centre will address blockchain's practical, legal and societal challenges, and develop a curriculum to facilitate its use across a variety of fields and applications.

Stanford University

Stanford has created the Center for Blockchain Research, supported in part by the Ethereum Foundation, Stanford Engineering's website posted on June 20.

The university reportedly established the centre in order to examine how blockchain technology can transform traditional business interactions, according to their official announcement.

"Blockchians will become increasingly critical to doing business globally," said Boneh, the Rajeev Motwani Professor in the School of Engineering, and an expert on cryptography and computer security. "Stanford should be at the forefront of efforts to improve, apply and understand the many ripple effects of this technology."

Ethereum (ETH) co-founder Vitalik Buterin tweeted about his, and evidently his Foundation's, support for the blockchain initiative on June 20.

Also, the Center for Blockchain Research has received contributions from Protocol Labs, the Interchain Foundation, crypto exchange OmiseGO, DFINITU Stiftung and PolyChain Capital.

The preliminary five-year research program will be led by professors of computer science Dan Boneh and David Mazieres and will include other Stanford professors of engineering, particle physics, and law. Beyond blockchain research, the initiative will also develop courses on blockchain implementation, from its potential role in the financial sector to data management in other spheres.

Blockchain education has been offered in other universities worldwide, with an Australian research university launching a blockchain course in February and Ripple (XRP) donating $50 million at the beginning of June to seventeen universities globally to support blockchain education programs.


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