This Altcoin Makes a Major Donation to Stanford University for Blockchain Research!

Cardano (ADA) altcoin founder Input Output Global (IOG) has funded a $4.5 million Blockchain center at Stanford University.

In addition to Stanford, IOG has initiated research labs and collaborative projects with the University of Edinburgh, the University of Wyoming, the University of Athens and the Tokyo Institute of Technology.

Charles Hoskinson, Founder of Cardano Altcoin, Has Made Large Donations for Research in the Past

Last year, Cardano founder Charles Hoskinson donated $20 million to Carnegie Mellon University (CMU) to establish the Hoskinson Center for Formal Mathematics.

Stanford University in Palo Alto, California, one of the centers for technology innovation. The university opened a Blockchain Research Center in 2018 led by Dan Boneh and David Mazières, two professors who are experts in the field of cryptography.

Tim Harrison, IOG Vice President of Community and Ecosystems, said IOG has been collaborating with Stanford for some time:

“Before the research center, we had donated $500,000 to fund their research on blockchain scalability. As one of the world’s leading academic institutions, Stanford is an ideal location for a research center.”

Asked whether the new IOG-powered blockchain hub will support the Cardano ecosystem or things like Haskell, the mathematical programming language used to create Cardano smart contracts, Harrison said the goal of the project is to “fund well-rounded researchers.”

CEO Charles Hoskinson said that working with the likes of Stanford to establish blockchain research centers is at the core of IOG’s vision. “Thanks to the Research Center, Blockchain development can grow even faster based on new information that will emerge,” Hoskinson said in a statement. said.

Harrison continued his words on the subject as follows:

“Healthy competition is a vital part of any growing industry, but especially in its early days, every company as a whole cryptocurrency must play its part in the growth of the sector.

Researchers at the university will be able to put forward innovative projects that will impact the blockchain industry.”

*Not investment advice.