Ripple has partnered with the University of Toronto to provide educational workshops, research and technical development related to the blockchain.

The partnership was formed as part of Ripple’s International University Blockchain Research Initiative (UBRI). The program aims to ensure that students of educational institutions can acquire knowledge and improve skills that will increase their demand in the crypto industry. The University of Toronto has also announced its willingness to become an independent XRP Ledger validator.

Eric van Miltenburg, Vice President of Strategic Development at Ripple, said that over the past five years, Ripple has invested more than $2 million in UBRI so that people can gain knowledge about blockchain and cryptocurrencies at leading universities and colleges in Canada. The company has allocated about $47 million for universities around the world, and by 2023 this budget has been increased to $80 million.

Miltenburg noted that the UBRI program is mainly implemented outside the United States. This is due to the fact that US regulators have tightened measures against crypto companies, while other countries are more loyal to digital assets.

“More and more cryptocurrency startups are being created outside of the US, so hosting educational seminars about blockchain and cryptocurrencies and nurturing new talent is critical to the long-term development of the industry,” Miltenburg said.

Recall that in 2019, as part of the UBRI research program, Ripple began collaborating with 10 leading universities: Carnegie Mellon University, Cornell University, Duke University, Georgetown University, Morgan State University, the University of Kansas, the University of Michigan and Northeastern University , as well as the National University of Singapore and the University of Sao Paulo.