The decentralized settlement system and currency exchange Ripple is partnering with Tsinghua University to begin a scholarship program for Chinese graduate students to encourage blockchain technology studies.
An announcement of this partnership was posted on the university’s website, claiming that the new scholarship “will focus on international regulatory policies and the development of blockchain technology.” Those admitted to the program “would be involved in cutting-edge research on global regulations and policies on blockchain technology, and would have opportunities to participate in corporate visits and events.”
Ripple is specifically partnering with the Institute for Fintech Research, Tsinghua University (THUIFR), a cooperative establishment from several institutions within and outside of Tsinghua University “to provide world-class research and practical guidance for [the] fintech industry.”
Their express goal is to nurture China’s blockchain fintech ecosystem by “becoming a leading platform for interdisciplinary research, policy advisory, exchange and cooperation.”
China has long been a leader in the crypto asset industry, with many high-profile companies and the majority of bitcoin mining taking place in the country. A specific scholarship program such as this, however, could take the country’s blockchain industry to levels unparalleled elsewhere in the world.
Ripple’s senior vice president called the move “a unique and innovative approach to engaging China’s young leaders in the blockchain space” and added that the goal of the program — “to provide students with opportunities in blockchain research — closely aligns with that of Ripple’s University Blockchain Research Initiative.”
If the scholarship program begins generating specifically educated blockchain specialists on a grand scale, it could mean an explosion for the Chinese blockchain sector.