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Ripple expands its University Blockchain Research Initiative to 11 more universities across the world

Jibin M George



Ripple expands its University Blockchain Research Initiative to 11 more universities across the world
Source: Pixabay

In a step forward towards the better utility and application of the revolutionary blockchain technology, global financial settlements giant, Ripple has announced that it will now partner 11 more universities through its University Blockchain Research Initiative [UBRI]. The project, first launched in June 2018, now has partners in 29 universities across the world and works towards the fostering of research, innovation, and development in the field of blockchain technology, cryptocurrencies and real-time payment systems.

Using UBRI resources, partner universities and institutes now have the option to work towards fostering knowledge sharing in the field of blockchain and its associated technologies by organizing workshops, conferences, and academic round-tables. These activities will serve a dual function by not only generating a degree of awareness about what is still an emerging technology, but will also prepare the new generation of industry leaders and entrepreneurs to apply these associated technologies for better and efficient results.

The new partner universities are: Carnegie Mellon University, Cornell University, Duke University, Georgetown University, University of Kansas, University of Michigan, Morgan State University, National University of Singapore, Northeastern University, University of Sao Paulo, Institute for Fintech Research, and Tsinghua University

The UBRI is already partnered with premier universities and institutes such as University College, London, and IIT, Hyderabad.

The University Blockchain Research Initiative [UBRI] has identified universities and educational institutes as the best places to help cultivate such awareness and ingenuity about emerging technologies among the next generation, who can then go into the broader market and spread awareness about the same themselves.

The UBRI has also been useful in fostering strong academic and knowledge-sharing exchanges and collaborations between universities and academic institutions. UBRI has helped encourage cross-departmental collaborations, course-sharing programmes, and a range of student-led activities such as blockchain hackathons across its partner universities.

The success of Ripple and its University Blockchain Research Initiative were well-worded by Eric Van Miltenberg, Senior Vice President of Global Operations at Ripple, who said:

“In less than a year, our initial UBRI partners hit the ground running with the launch of new research projects, events, course offerings and more. Expanding the ecosystem to a more global, diversified network of UBRI partners will only continue to enrich these projects.”

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XRP TipBot comes back online after a tiny downtime; Nothing to be worried about, says Wietse Wind




XRP TipBot goes online after a tiny downtime
Source: Unsplash

XRP TipBot’s website and the corresponding application suffered a downtime on June 23, 2019 for a few hours, during which the application wasn’t showing the balance of users. The website and the API for TipBot instead, displayed a “500 Internal Error.”

A Twitter user, @BlueNETGaming, tweeted Wietse Wind, inquiring the same. Wind confirmed that it was just an “infrastructure blip,” and that there was nothing to be worried about.

Wind tweeted,

XRP TipBot is probably the first and most widely accepted use-case of XRP. It leverages the transaction settling time of XRP Ledger to make tipping easy among peers on Twitter, Reddit, and other platforms, and this was the brainchild of developer Wietse Wind.

After TipBot, a lot of other cryptocurrencies have tried to mimic this idea of facilitating tipping; an example being Bitcoin’s, Tippin.Me which leveraged Lightning Network for tipping users. Although successful, it isn’t as popular as Wind’s TipBot.

The reason behind the same is that XRP Ledger allows transaction settlement in under 5 seconds, which makes tipping fast and efficient, unlike Bitcoin’s transactions which take a few minutes for transactions to be confirmed.

This is same reason why XRP is being used as a liquidity provider for cross-border payments in Ripple’s proprietary product, xRapid.

XRP community is a tightly-knit community with people who are very bullish about XRP’s success. There are equally talented developers in the community who are developing apps that help create more use-cases for XRP.

SchlaubiDev is one such developer known for developing plugins for Gmail and Microsoft Office, plugins that allow a user to send XRP over e-mails.

Ripple has identified Wind and his team’s talent and inducted them into Xpring, which finances them to help develop more community-based apps for increasing XRP use-cases.

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