- UBRI is Ripple’s collaborative effort to integrate academic and innovation in digital payments and cryptocurrency.
- Dr Tasca appreciated Ripple’s effort in building collaboration between students and faculty.
- Dr Tasca is also working towards a white paper on “Internet of Value” which will publish in January 2020.
Digital Economist Dr Paolo Tasca had a fireside chat about the work of Ripple’s University Blockchain Research Initiative (UBRI) at the Swell 2019 conference. UBRI is Ripple’s collaborative effort to integrate academic and innovation in digital payments and cryptocurrency.
Dr Tasca, who is the Executive Director of the Centre for Blockchain Technologies at University College of London (UCL), works to foster collaboration between industry and academia to increase technological potential.
This phrase is, in essence, the summary of Dr Tasca’s conversation with Ripple’s Senior Manager of University Partnerships Lauren Weymouth.
He spoke in particular about the gap that exists between academia and industry due to its differing objectives – research and profit. He cautioned on the dangers of this gap for the future of blockchain technology.
URBI is an essential part of the strategy to initiate understanding and create common grounds between the two necessary aspects of blockchain technology – Academia and Industry. Dr Tasca appreciated Ripple’s effort in building collaboration between students and faculty. He spoke of 3 distinct ways to deliver more close-to-market-research in his conversation.
The Centre for Blockchain Technologies (CBT) works to foster association between around 180 individuals across the world. They worked together and provided with an opportunity to learn from each other to promote research.
More than nine projects have been financed with more to come in 2020. CBT also worked with Ripple to supervise ten master’s students working on the areas of decentralized finances. Their recent effort was a 10-day hackathon that bought in more than 20 teams from across Europe to compete.
Dr Tasca is also working towards a white paper on “Internet of Value” which will publish in January 2020. He believes that the Internet of Value is an empowering ideal that should benefit the general public and not just be a medium of profit for a few.
It is not an option but a need for the society based on trends of datafication and an emphasis on utility over products, he reckons. The paper will look into the importance of blockchain and digital assets to the Internet of Value and also dig into challenges of systematic risk and privacy.
The CBT also engages in practical and experimental work with supranational organizations, Central Banks and governmental agencies like the UK Land Registry.
Dr Tasca views these ideas as an opportunity to influence regulators and government agencies about the benefits of the blockchain technology
Dr Tasca is working on projects like the UCL Blockchain Incubator with Ripple in the future and hopes to continue to work towards closing the gap between academia and industry to lead us to an “open, accessible, secure and equitable global economy.”