Why blockchain has caught the fancy of IIT-B

On 4 June 2018, the Indian Institute of Technology, Bombay (IIT-B), signed an agreement with US-based Ripple Labs Inc., to create a centre of excellence to support academic research, technical development and innovation in blockchain, cryptocurrency and digital payments.

IIT-B, thus, became one of the 17 universities across the world to benefit from the $50-million Ripple fund for its global University Blockchain Research Initiative (UBRI). “The idea is to create the next generation of students and entrepreneurs,” says Navin Gupta, managing director, South Asia and MENA (Middle East and North Africa), Ripple.