IOHK donates $ 500,000 in cryptocurrencies to the University of Wyoming to drive an innovative blockchain application
IOHK, the software engineering company founded by Ethereum technology entrepreneur and co-founder Charles Hoskinson, today announced a $ 500,000 donation in ada cryptocurrency to the Blockchain Research and Development Laboratory of the University of Wyoming (UW), in Laramie.
Wyoming is one of the world's leading destinations for legislatively enabled blockchain innovation, due in large part to the work of the Wyoming blockchain working group and other partners.
The state has enacted a total of 13 laws that allow blockchain, making it the only US state. UU. In providing a comprehensive and welcoming legal framework that allows the blockchain technology prosper, both for individuals and for companies.
The IOHK $ 500,000 donation will support UW teachers and graduate students to develop practical applications for blockchain in real-world use cases.
The company, which is based on peer-reviewed academic research, is committed to the principle of developing open source software, such as hardware for cryptography, authentication and counterfeit measures.
The donation will finance the investigation of practical applications of blockchain, including the management of the supply chain, and will demonstrate the origin of goods and contracts that are automated or "intelligent".
IOHK is a research and development company and industry leader in the fields of cryptography and distributed systems.
Since the company's founding in 2014, it has been a pioneer in a new territory in blockchain research, advancing industry knowledge with the work produced by its global team of cryptographers and researchers.
A growing network of academic associations supports their research and the Blockchain Technology Laboratory at the University of Edinburgh serves as the world headquarters for their various university collaborations.
UW Blockchain and Research Lab will graduate BS, MS and PhD students who master the complexities of the development of blockchain technology and, in particular, functional programming languages and formal IOHK methods.
The association will also investigate the design of ultra-low-cost crypto authentication chips for use in IoT systems and especially for applications that prove the provenance of manufactured products.
IOHK CEO Charles Hoskinson explained:
“Real-world blockchain applications are unlimited and the IOHK donation of $ 500,000 – in fact, the native cryptocurrency of our cardano blockchain platform for the University of Wyoming Blockchain Research and Development Laboratory will somehow contribute to that potential and will help reinforce the flourishing revolution of the Wyoming blockchain.
“The supportive business environment of the Wyoming Blockchain Working Group and the excellence of scientific research at the University of Wyoming is what led IOHK to choose to invest here. We are incorporated here as a business and we are very happy to play a small role to help integrate Wyoming's position into the global heart of blockchain-based innovation. ”
The interim president of the UW, Neal Theobald, added:
“The University of Wyoming is proud to be at the forefront of blockchain research and education, and we are grateful for this important financial contribution from IOHK. This support will help us to continue advancing in a field of innovation and discovery very exciting and promising «
Caitlin Long, Formerly a member of the Wyoming Blockchain Task Force, he said:
“We are immensely proud of the work done by the Working Group to make the state of Wyoming one of the most attractive destinations in the world for companies seeking to build innovative companies, developing real-world uses for blockchain technology.
“The Wyoming Legislature has already achieved several world firsts by passing a wide range of laws that support blockchain innovation and the use of cryptocurrencies, and we are pleased to continue that registration.
"The $ 500,000 donation from IOHK, in Cardano's native cryptocurrency, ada, will not only fund research on real-world uses of blockchain technology, but also develop Wyoming as a talent center for software engineers, trained in the most advanced software development methods in the world. »