The founder of Cardano will open a blockchain center at Stanford University


The founder of Cardano will open a blockchain center at Stanford University

IOG platform allocated $ 4.5 million for the development of innovative projects

Input Output Global (IOG), the developer of the Cardano blockchain, will open a research center at Stanford University, for its financing was allocated $ 4.5 million, coindesk reports. IOG already has experience of cooperation with Stanford: earlier the company allocated $ 500 thousand to fund research in the field of blockchain scalability, said Tim Harrison, vice president of the IOG community and ecosystem.

According to him, innovative projects can be developed in the new center that will have an impact on the blockchain industry. At the same time, the researchers will be engaged in other projects from different scientific fields, Harris said.

Input Output Global was founded in 2015 by former Ethereum developers Charles Hoskinson and Jeremy Wood. This is a large research company, which remotely employs more than 600 employees in 60 countries around the world. The company already has research laboratories and collaboration projects with the University of Edinburgh, the University of Wyoming, the University of Athens and the Tokyo Institute of Technology.

In turn, Stanford University, located in Silicon Valley, is a center of technological innovation. Its graduates founded companies such as Hewlett-Packard, Nvidia, Yahoo! and Google. In 2018, the Center for Blockchain Research was already opened here, headed by two computer science professors Dan Bono and David Mazier.


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