August 12, 2019

Cardano Foundation strengthens its support to blockchain-related research initiatives

Bakyt Azimkanov

Global PR, Communications and Marketing Director

Cardano Foundation

The Cardano Foundation and its ecosystem partners further strengthen their support to a number of educational initiatives worldwide. The Switzerland-based Foundation together with Input Output HK (IOHK) and EMURGO proudly support academic programs in Africa, the Americas, Asia and Europe that study blockchain technology.

The Cardano Foundation, one of the world’s leading not-for-profit blockchain organizations, will support various initiatives designed to drive the development of digital currency and blockchain technology.

Specifically, the Foundation’s support will help boost the research about the security and the vulnerabilities of the blockchain industry.

The efforts that the Cardano Foundation is supporting include projects undertaken by IOHK and EMURGO. In addition, another one of the Foundation’s donees is the Massachusetts Institute of Technology’s MIT Digital Currency Initiative that studies the blockchain technology.

Cardano is a ground-breaking blockchain network and the first proof-of-stake platform developed for smart contracts using fundamental research from world-leading academics, most of which is subject to academic peer review, with papers presented at top-tier international conferences. IOHK Research has published 30 academic papers to date.

As the industry continues to professionalize and see engagement from more traditional business sectors, the demand for academic research on blockchain is expected to increase significantly. Greater academic rigor and research will blaze a trail for the blockchain industry’s mass adoption and help educational institutions to design blockchain-related academic disciplines.

As such, EMURGO Academy will train developers and create blockchain experts in India to meet the rising demand for blockchain developers and provide economic empowerment. The Bangalore-based Academy with branches set to expand to Chennai, Delhi, Hyderabad, Mumbai and Pune will train students and career professionals and offer blockchain-related curriculums to local universities and enterprises.

IOHK regularly conducts Haskell training and workshops around the world, with the latest courses taking place in Barbados, Ethiopia and Greece. In July, the company published an ebook on the smart contract language, Plutus, with further educational materials in the planning.

The MIT Digital Currency Initiative is an interdisciplinary initiative launched by the MIT Media Lab that is designed to drive the development of digital currency and blockchain technology.

About the Cardano Foundation: The Cardano Foundation is an independent body based in Zug, Switzerland, with core responsibilities to help oversee and supervise the development of Cardano, the world’s first third-generation blockchain, and its ecosystem. The Foundation is committed to protecting and promoting Cardano, the first blockchain platform developed for smart contracts using a scientific philosophy, and to advocate on behalf of the users and community of the protocol. The Foundation works alongside Input Output HK (IOHK), who are contracted to design and build Cardano, and EMURGO, the for-profit arm working to boost the Cardano ecosystem through commercial ventures. The three entities are wholly separate in governance, ownership, and leadership. Find out more: www.CardanoFoundation.org

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