Ripple Corporation

About Ripple Centre (UBRI)

University Blockchain Research Initiative (UBRI)

Eric van Miltenburg, SVP of Global Operations at the US-based Ripple Labs Inc., said that Ripple’s goal is to help “support projects that explore increasingly useful applications of blockchain and cryptocurrencies.” And since academia has proven to drive innovations in technology, Ripple, as part of a project named University Blockchain Research Initiative [UBRI], has partnered with 17 illustrious academic institutions across the globe.

As a premier technological institute in the world, Ripple reached out to the Indian Institute of Technology Bombay and signed an MoU in 2018. This collaboration will create a center of excellence to promote academic research, technical development and innovation in blockchain technology, cryptocurrency and digital payments.

Research Areas

Prof. Devang V. Khakhar, Director, IIT Bombay said, “The partnership will enable our faculty and students with novel opportunities for research and technology development in blockchain and cryptocurrency which will add value to the global blockchain ecosystem as well as emerging fields like FinTech. We look forward to the fruits of the collaboration in terms of the advancement of high-quality research and development”.

Through this cutting-edge collaboration blockchain’s potential will be utilized and distributed in areas such as payments, healthcare, agriculture and developing smart cities.