Blockchain Research Center established at Stanford University

Written by Muniza Imran ·  1 min read >

Stanford University is one of the world’s leading teaching and research institutions. It is among the top five universities of the world, imparting the best education in the field of technology. Stanford University is now establishing a Center for Blockchain Research (CBR) with the sponsorship of major crypto-companies, that include: The Ethereum Foundation, Protocol Labs, the Interchain Foundation, OmiseGO, DFINITY Stiftung, and PolyChain Capital.

The Center is being led by two Stanford professors with proficient knowledge in blockchain and cryptocurrencies, Dan Boneh and David Mazières. Boneh stated,

“Blockchains will become increasingly critical to doing business globally. Stanford should be at the forefront of efforts to improve, apply and understand the many ripple effects of this technology.”

Mazières also pointed out the potential of blockchain technology,

“Blockchain massively lowers the barriers to creating tradeable, digital assets. It allows individuals who don’t know each other, or even trust one another, to make irreversible transactions in a whole variety of fields in a safe and secure way.”

The five-year research program of the Center for Blockchain Research aims to bring together the faculty across engineering, law, economics, along with post-docs, students and visitors to solve technical challenges in the blockchain field.

The primary aim is to support the ecosystem by developing new technologies. Not only that, but the Center will also run an extensive education and outreach program, including on-campus courses, MOOCs, workshops, and conferences for the general blockchain community. You can find out more about blockchain and its introduction to Stanford on their website.

Technology is advancing day by day. From banking with paper money, we have now reached the modern era of digital currency. Who knew hundred years from now people would be trading with cryptocurrencies and actually investing in it. With more than 1,600 digital currencies circulating around the world and hundreds of crypto trading platforms flourishing, blockchain might emerge as a technology we solely depend upon. In academia, Stanford University has now taken the step to pursue the advancement of blockchain technology.