Ngu industries labs2/25/2023 ![]() The initiative has pulled both from within MIT faculty and from without to cultivate an accomplished team. Its main R&D focuses include platform/pilot testing, research publication and open-source development for blockchain technology. Working alongside other universities and research centers, the lab is a collective of tech industry veterans, crypto programmers, faculty, students and research scientists. Founded in 2015, the MIT Digital Currency Initiative (DCI) is an offshoot of the university’s Media Lab. The Massachusetts Institute of Technology has had its hand in blockchain and cryptocurrency research and development longer than most. Together, these funds and the labs they support are creating the infrastructure to push blockchain development through a new era of mainstream exposure to mainstream adoption. Disregarding the market’s steady decline from all-time high prices this year, these big players are investing heavily in research and development for the future growth and health of the space. These labs aren’t paying the way themselves they’ve tapped into the pocketbooks of some of the space’s most notable entities, including the Ethereum Foundation and Ripple. They also show us that market cap and investor returns alone may be poor indicators for whether a fledgling industry is growing. ![]() At the intersection of education and innovation, these R&D efforts show the potential and need for industry growth - and the plethora of talent that can nourish it. Both directors are computer science professors at Stanford and have taught courses on blockchain technology since 2015.Īs these labs begin operating in the background of academia, these professors can take the work they've done in the classroom and work toward tangible developments. Co-directors Dan Boneh and David Mazières have three years of blockchain-focused research and academic papers to set the lab into motion. ![]() New in structure but by no means new to the field, Stanford's month-old blockchain R&D lab was launched with a bit of a jumpstart. ![]() Halfway into 2018, some of the world's top universities are joining MIT and vetting initiatives of their own. ![]()
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