University of Texas to Receive $2 Million in Research Funding from Ripple

[kreslik.news]

In a bid to boost research on blockchain technology in the universities, San Francisco-based distributed ledger technology firm Ripple has decided to invest $2 million on the University of Texas’ McCombs School of Business, according to a report by the Daily Texan.

Ripple recently announced the University Blockchain Research Initiative to motivate the academia to do research on the new technological field and assigned a corpus of $50 for the funding of these research studies. The University of Texas is a part of the list of 17 universities spread across the world shortlisted by the company to invest.

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