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Ripple Extends NYU Abu Dhabi Blockchain Partnership Through 2027 for XRP Ledger

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Key Takeaways:

  • Through 2027, Ripple’s UBRI will provide funding for blockchain research at NYU Abu Dhabi.
  • The funding will increase the capacity of the Volta Initiative, a blockchain project for farmers in Ghana. 
  • NYUAD will expand its research and development of fintech on the XRP Ledger.

Ripple will continue its partnership with New York University Abu Dhabi (NYUAD) through 2027 in its University Blockchain Research Initiative (UBRI). The new partnership will include blockchain research, blockchain education, and the implementation of blockchain in practical use.

Ripple Backs NYUAD Blockchain Research

The renewed UBRI support will fund research led by NYUAD professors Raša Karapandža and Yaw Nyarko, who co-direct the university’s Center for Technology, Economics and Development (CTED).

They explore the potential for decentralized systems to enhance the efficiency of markets in reducing trade costs and increasing market access to economic opportunities.

The partnership also provides NYUAD researchers with space to immerse themselves directly in the world of the blockchain infrastructure instead of engaging in research that remains theoretical.

An important concept of the program will be hands-on development and experimentation with the XRP Ledger (XRPL).

Ripple Middle East and Africa Managing Director Reece Merrick highlighted NYUAD’s growing role as a regional center for blockchain research and talent development.

Read More: Ripple CEO Says Crypto Is Rewiring Finance as Global Firms Rush Into Stablecoins

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Volta Initiative Expands Beyond Ghana

Blockchain Meets Agricultural Trade

A key initiative for which the partnership is providing support is the Volta Initiative: a blockchain-enabled mobile app to facilitate trading with smallholder farmers in the trading of Ghana.

The next phase of the project will expand Volta to other areas, and examine financial instruments capable of meeting real challenges of farmers and other actors in local markets.

Credit and risk management are those areas, which may also make the project more of a financial force than a trade enabler.

It also offers space for students and researchers to try out these blockchain use cases in the real economic world. All this hands-on work relates academic research with development of fintech and, possibly, their startups.

NYU Abu Dhabi Deepens XRP Ledger Work

The strengthened collaboration shall also facilitate the provision of fintech courses and business development activities at NYUAD. The students will be able to learn how to tap into blockchain development beyond the financial framework, gaining experience with creating blockchain-based applications.

The partnership will also facilitate the gathering of policymakers, sector actors and researchers under one roof regarding digital finance and blockchain development.

Ripple’s alliance bolsters its Middle Eastern university blockchain push and provides another avenue for research and experimentation on the XRP-ledger.

Abu Dhabi has been rapidly gaining significance as home to digital-asset activity and NYUAD’s involvement brings an academic dimension to the digital-asset landscape. In addition, Ripple’s footprint in the UAE has grown in its overall activity in the region, such as activities in the regulated digital assets space and activities in the region.

The UBRI renewal for 2027 and beyond strengthens the emphasis and priority of creating market-driven and classroom-driven applications based on blockchain research, which can be available for testing in emerging financial systems.

Read More: Ripple Unveils $13T-Scale Treasury System With Native Onchain Crypto Integration

The post Ripple Extends NYU Abu Dhabi Blockchain Partnership Through 2027 for XRP Ledger appeared first on CryptoNinjas.


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