Ethereum Foundation and Columbia Engineering have teamed up to launch a new blockchain research hub to advance the development of blockchain infrastructure and protocols.
Summary
- Ethereum Foundation and Columbia University have teamed up to launch a new blockchain-focused research center.
- The foundation will support the new hub with up to $6 million in funding.
- Columbia Engineering will use the funding on operations and research among other initiatives.
Columbia Engineering said in an announcement that the partnership with Ethereum Foundation involves the launch of a research center dubbed the Columbia-Ethereum Research Center for Blockchain Protocol Design.
The Ethereum Foundation will support the initiative with $6 million in funding, with the first three years seeing the organization that is helping build the Ethereum (ETH) network allocating $500,000 annually towards the new Center.
Tim Roughgarden, professor of computer science and blockchain protocol expert, will lead the center’s activities at Columbia Engineering. According to details, the mission is to tap into funding initiatives to advance development of core blockchain infrastructure, with the Center providing opportunities for academic research around blockchain technology.
“We are thrilled to launch this partnership with the Ethereum Foundation to advance foundational principles for blockchain,” said Shih-Fu Chang, Dean of Columbia Engineering. “By bringing together experts from different disciplines and industries, we can lead the development of the groundwork for breakthroughs in this transformative field.”
Strengthening the Ethereum blockchain ecosystem
As well as the $6 million in funding support from the EF, the Center will benefit from a further $1.5 million in philanthropic contributions. Funds w
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Author: Benson Toti
