In a press release it made official, cryptocurrency exchange Crypto.com, which is already well known for its involvement in strictly adhering to the standards governing its business, said it would offer an undisclosed amount to the Crypto. Research Lab at the University of Pennsylvania (UPenn). This donation will stimulate efforts to implement concepts to respect the security and privacy of individuals on the Web.
The purpose of the donation the team will receive
Crypto.com has signed an agreement for fund blockchain research over the next two years. This collaboration will take place with teams from the Crypto Research Lab at the University of Pennsylvania (UPenn). According to official information, the donations that will be paid will be used to carry out studies on how cryptocurrency could boost the level of data security and privacy people using the blockchain.
Crypto.com COO Eric Anziani said: “The focus of the University of Pennsylvania Cryptocurrency Lab will be extremely useful for broader, real-world blockchain applications, while exploring new approaches to improving privacy and security capabilities. We are very happy to support the creation of this blockchain research laboratory within such a prestigious university program.”
Additionally, the announcement clarified that UPenn will create a new research center in the School of Engineering and Applied Science, using the two-year research grant. Also, we know what research efforts will be focused on: transparency and business confidence and authorities in cryptocurrencies.
It is obvious that Crypto.com has the ambition to make the blockchain more secure and more appropriate with the standards of the authorities. Moreover, this is not the first time that it operates in this direction. Indeed, on numerous occasions, she has supported university research initiatives focused on blockchain technology.
During the last month, the cryptocurrency exchange revealed information relating to a research donation which she granted for the development of the digital currency of the Massachusetts Institute of Technology (MIT). This research project will lead to various studies to improve the security of bitcoin (BTC).
It should also be noted that the cryptocurrency company has agreed to sponsor the creation of the Secure Blockchain initiative in March, led by Carnegie Mellon University. This project aims to improve blockchain security and increase understanding of digital ecosystems.
The Crypto.com cryptocurrency exchange wants to put everything in place to support the development of the blockchain. To this end, it supports various teams by financing their activities as well as the research they carry out.
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Luc Jose Adjinacou
Far from having dampened my enthusiasm, an unsuccessful investment in a cryptocurrency in 2017 only increased my enthusiasm. I therefore resolved to study and understand the blockchain and its many uses and to relay with my pen information relating to this ecosystem.