- Ripple Signs New Partnership with Oxford University
- Ripple is Making Good of its Promise to Expand the UBRI Scheme
According to reports, Ripple latest news is that the leading crypto company has secured a new partnership with Oxford Foundry. This move by Ripple is one of hundreds of partnerships the Blockchain firm has secured already. The move will further expand Ripple’s UBRI (University Blockchain Research Initiative) that began operations in June of 2018. Here is how the report puts it: “an entrepreneurship center Foundry, at the University of Oxford, has revealed that it will be joining Ripple’s UBRI scheme.”
Ripple is Making Good of its Promise to Expand the UBRI Scheme
Oxford Foundry revealed the arrangement via its LinkedIn page:
“The Oxford Foundry plans to tackle the expanding technological skills gap in the United Kingdom by entering a partnership with a leading Blockchain provider Ripple to adopt its University Blockchain Research Initiative.”
The arrangement between Ripple and Oxford will allow both entities the opportunity to create a group of tech-savvy students who would have the ability to engage with top firms in their respective niche. With the Oxford Foundry’s Tech Series, about 1,000 students at the University of Oxford from all Oxford divisions and colleges will have the opportunity to gain skills in AI, Blockchain, and machine learning for different industries. Students will learn to code in Python and how to build smart contracts.
“We’re delighted to partner with Ripple,” Ana Bakshi, the director of Oxford Foundry said in a statement.
The Oxford Foundry was formed by the University of Oxford’s Saïd Business School. The purpose of this initiative was to give students an outlet to “co-create, join hands and build solutions that would tackle multiple global challenges.”
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The Foundry includes a startup accelerator that provides pre-selected startups an avenue to build their projects and partner. Notably, the Oxford Foundry, which is often called the entrepreneurship hub of Oxford University, received a hefty donation of $1 million from Reid Hoffman, LinkedIn’s co-founder. Hoffman is a known outspoken crypto supporter.
Ripple formed its UBRI scheme in June 2018 to work with top universities around the world. The agenda will involve accelerating academic research, innovation in Blockchain, Blockchain technical development, crypto, and digital currency payments. In February, it was reported that Ripple’s UBRI had 29 universities under its initiative. The primary objective is to facilitate Blockchain innovations globally.
It is understood that Kyoto University, one of the members of the initiative, has launched an XRP validator that will allow the network to verify and facilitate transactions on the ledger.