Stanford University Just Established Its Own Blockchain Research Center

The computer science unit at Stanford University has just established a center designed for blockchain research – all in order to promote the study of this technology and eventually develop best practices for this progressive technological field.

The Center for Blockchain Research at Stanford was unveiled this Wednesday. After five years of research, this program has been backed by a number of cryptocurrency organizations including the Ethereum Foundation, OmiseGo, the Interchain Foundation, Protocol Labs, DFINITY Stiftung and the crypto hedge fund Polychain Capital.

The center will be led by the science professors Dan Boneh and David Mazieres. The other faculty will include a number of computer scientists including David Dill, Alex Aiken, Tim Roughgarden and the law school professor Joe Grundfest.

According to Rajeev Motwani, who is a professor in the School of Engineering at Stanford:

“Blockchains will become increasingly critical to doing business globally. Stanford should be at the forefront of efforts to improve, apply and understand the many ripple effects of this technology.”

Meizeres, who is one of the main computer science professors, stated the following:

“Blockchain massively lowers the barriers to creating tradeable, digital assets. It allows individuals who don’t know each other, or even trust one another, to make irreversible transactions in a whole variety of fields in a safe and secure way.”

Aside from blockchain research, the center faculty will also coordinate to develop courses on blockchain technology which can be offered to students after they finish the five-year program. As one of the professors explains, this is a “fascinating area of research with deep scientific questions.”