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Tech giant International Business Machines (IBM) has partnered with Columbia University to release a research center dedicated to blockchain apps and educational projects.

The center based in Manhattan, on the territory of Columbia University in New York City, has been opened today. In addition to the investments made in educational initiatives, the research center will focus on streamlining the blockchain-related app development by using both academic and technical knowledge.

A committee to be set in the near future

In the near future, the partners will set up a committee made up of Columbia University members as well as IBM scientists. They will begin reviewing proposed projects based on the “curriculum development, business initiatives and research programs” towards the end of 2018.

Students to benefit from internships

Furthermore, the research center will become an adviser on regulatory barriers for startups operating in the blockchain sector and will provide for whom it may concern (including students) internship opportunities within the center.

John H. Coatsworth, president of Columbia University, predicts that collaboration will “significantly advance scholarship and applications”. “Our students and faculty, working together with IBM, will play an important role in the vibrant exchange of ideas and research surrounding this transformative technology,” Coatsworth added.

The project marks the latest attempt to invest in the blockchain sector development through higher institutions. We would like to remind you that Ripple has pledged to invest $ 2 million in research proposals dedicated to blockchain innovations at Texas University in Austin over the next five years, as part of the company’s $ 50 million funding in educational institutions.

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