Blockchain infrastructure research and engineering company Input Output Global (IOG), the developer of Cardano (ADA), is opening a blockchain research center at Stanford University.
IOG, dated August 30 in the blog post Announced a new $4.5 million “Blockchain Research Center”. According to the blog post, current cases in the industry such as bridge hacks, blockchain network crashes and legal threats show the importance of doing thorough research before attempting a project.
“Peer-reviewed research enables faster growth, continuous improvement, and technology mainstreaming more securely,” said IOG, explaining that the new collaboration will serve exactly that purpose.
The research center will address key issues in the field of blockchain, expand the industry’s scientific knowledge collection, and lead to the need for basic research in this area.
“We have been actively researching since our business was founded and Cardano was built on these foundations,” said Charles Hoskinson, Founder of IOG and Cardano.
“Working with leading academic institutions like Stanford to establish blockchain research centers is key in our vision. With the new knowledge learned at the Research Center, blockchain development can accelerate and add another layer of validity to our industry.”
David Tse, one of the university’s engineering professors, also commented:
“I am grateful for this support. The Research Center will significantly increase interest in both fundamental and applied blockchain research at Stanford.”