Blockchain Research At Arizona State University Funded By Dashbr>
Cryptocurrency Dash is expanding its partnership with Arizona State University (ASU) with a $350,000 agreement. The funds will be used to further accelerate research, development, and education in order to advance blockchain technology.
Last year, Dash launched a Blockchain Research Lab with the Ira A. Fulton College of Engineering at ASU. The lab was funded directly by the Dash network to the tune of $50,000 USD. The research lab’s focus areas include blockchain scalability, best practice, network architecture, environmentally-friendly mining, smart contracts, Internet of Things, latency, and throughput.
The $350,000 grant will fund both the lab and a series of other projects. Dragan Boscovic, the technical director of the CASCADE research lab at ASU, said this partnership opens the door for ASU’s involvement in the rapidly developing blockchain space.
“ASU welcomes this initiative and is ready to play its role in creating a potent blockchain research and innovation environment for young talents to develop practical blockchain applications,” Boscovic.
The agreement will contain three key components: to fund blockchain focused scholarships ($100,000), an online blockchain course ($100,000), and further blockchain research and development pertaining to the Dash network ($100,000 and $50,000 to ASU Blockchain Research Lab and The Luminosity Lab respectively).
Kyle Squires, Dean of the Ira. A. Fulton Schools of Engineering, sees the partnership as an opportunity for students to gain real-world involvement in the process of blockchain technology integrating into wide use.
“The Blockchain Research Lab not only offers students early access to blockchain technologies that are transforming the nature of business transactions, it is providing them an opportunity to be part of the design process and a unique opportunity for real-world innovation and design,” said Squires.
Dash Core CEO Ryan Taylor said the partnership will benefit Dash in two ways. It will enable crucial research for long-term scaling solutions to withstand mass-market use, and it will pave the way for mainstream awareness and adoption.
“This is a remarkable partnership precisely because both sides will benefit greatly from tight collaboration,” said Taylor. “Dash benefits from gaining valuable independent insights into how we can improve our plans for scaling to massively large numbers of transactions. ASU will benefit from gaining access to one of the most innovative teams in the digital currency industry. The entire blockchain industry will benefit from the best practices that will emerge from the research, and the creation of a graduate course is a tremendous leap in blockchain’s path towards rapid, mainstream adoption.”