Cardano Input Output Global (IOG) lead developer has announced a partnership with the U.S. Ivy League University of Stanford. The blockchain company will provide $ 4.5 million in funding over the next 3 years for the Stanford IOG Research Hub.
The initiative was presented by Charles Hoskinson, inventor of Cardano and CEO of IOG, and Aggelos Kiayas Chief Research Scientist of IOG at an event held on 29 Augustth at the Fisher Wing of the Alumni Center in Stanford. The collaboration has been called a “logical next step in the work” of IOG.
The company uses a peer-reviewed and academic research-backed approach to Cardano development. IOG believes this provides users with greater security and reduces the risk of building projects and applications on a blockchain.
In that sense, the company says its peer-reviewed approach “ensures faster growth”. The partnership with Stanford will further its approach by combining IOG’s experience in the industry with the knowledge of university researchers.
The Stanford IOG Research Hub will be governed by a steering committee. This entity will cooperate to agree on a research program, open calls for submissions for researchers and academics to receive funding, review submitted proposals, choose those suitable for their program, and review their results.
Hoskinson celebrated the partnership and its potential to benefit cryptocurrency and blockchain development:
We are dedicated to vigorous research from the very beginning and our work forms the foundation on which Cardano was built. Working with leading academic institutions like Stanford to create these blockchain research centers is key to our vision. With the Research Hub, blockchain development can grow even faster, based on the new knowledge that will emerge, and the hub will add a new level of validity to our industry that hasn’t always been granted to us.
Cardano contributes to the development of Blockchain technology
According to the announcement, the Stanford IOG Research Hub’s steering committee is made up of a multidisciplinary team of specialists from the University and the blockchain company. The chair of the committee is David Tse, a professor of engineering at Stanford.
During the kickoff event, Tse said:
I am grateful for this support. The Research Hub will be a significant push to increase interest in both fundamental and applied blockchain research at Stanford.
The first call for proposals for potential research funding was opened with a deadline set for November 2022. Kiayas Chief Research Scientist added:
Advancing the state of the art in distributed ledger systems is essential to realizing the full potential of blockchain technology. This is what the Stanford Research Hub contributes to. Input Output is a pioneer in the blockchain space both in terms of manufacturing and supporting basic and applied research. Being able to give other academics the opportunity to undertake their own research means we can work together to make even greater progress.
Original source: https://bitcoinist.com/cardano-developer-iog-partnered-stanford-university/
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