Ethereum Foundation Assists Launch of Blockchain Research Center

Ethereum Foundation supported the launching of Blockchain Research Center in Stanford University.

Known as most the reputable institutions in research and higher learning, Stanford University will now have its Blockchain Research Center.

The establishment of the center is to examine the process of distributed ledger technology in transforming traditional businesses. This was according to Stanford University’s statement on its website.

Co-founder Vitalike Buterin of Ethereum expressed his excitement in a tweet about the development of the plan.

Stanford computer scientists are the founders of the Center for Blockchain Research. This initiative is to dedicate for research and understanding on a technology that could fundamentally put change.

Other firms such as InterChain Foundation, DFINITY Stiftung, PolyChain Capital and DFINITY Stiftung also contributed to the successful launch.

For over five years, the preliminary blockchain research will linger. Dan Boneh and David Mazieres, both highly reputable professors of computer science, will head the research.

Moreover, other Stanford blockchain of particle physics, law and engineering will be working with the leaders. Further, the research program will also help the university’s formulation of relevant DLT implementation courses for students.

“Blockchain 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 […] Once you get into the details you quickly realize that this area will generate many Ph.D. these across all of computer science and beyond,” said cryptography and computer security professor, Boneh.

Reports surfaced that US colleges and universities had begun offering courses related to blockchain and bitcoin.

Massachusetts Institute of Technology (M.I.T.), Duke, Carnegie Mellon, and University of Maryland and, Cornell have occupied the frontline.

At Duke, there were about 231 students who enrolled reportedly in the blockchain and cryptocurrency courses at Duke.

“The students in my class are from every possible discipline…They understand that this is going to disrupt many different areas of business, and they want to be disruptors, not the disruptees,” Harvey said.

Meanwhile, Bank of International Settlements (BIS) still find it hard that blockchain and crypto as futures of finance.

Ethereum Price Resists Bear Market

On Thursday, the classic price of Ethereum remained an unstoppable rise as it reached a $17.71 high on cryptocurrency exchange. It hits a single-day of 7% increase.

There are possible factors affecting the movement of price. One is the Coinbase listing surprisingly when it beat other contenders such as the Ripple’s XRP.

There was an increase in turnover during the past few days where the price jumped around $13.50 to $17.74 and continuously rising.