Computer scientists at Stanford University have announced the creation of the new Center for Blockchain Research (CBR).

Computer scientists at Stanford University have announced the creation of the new Center for Blockchain Research (CBR). The research project is led by professors Dan Boneh and David Mazières, and will aim to “bring university scientists and industry leaders together to develop best practices”.

According to a press release published by Stanford Engineering, the CBR will also begin development of blockchain-specific courses in order to educate students and professionals on how to use blockchain technology to “develop financial instruments, protect intellectual property, manage vital records and more.”

The CBR has received support from some of the biggest names in the cryptosphere throughout the first five years of their program, with financial and educational sponsorship provided by The Ethereum Foundation, Protocol Labs, the Interchain Foundation, OmiseGO, DFINITY Stiftung and PolyChain Capital. With the support of industry leaders and five years of backing behind the research center, Professor Dan Boneh believes the CBR will foster long-term insights and revelations within the fields of blockchain tech and computer sciences. Boneh said,

This is a fascinating area of research with deep scientific questions. Once you get into the details you quickly realize that this area will generate many PhD theses across all of computer science and beyond.

Blockchain research is beginning to gain traction across the globe in 2018. In early June, Ripple Inc announced the creation of a $50 million dollar fund to help provide resources to universities looking to develop blockchain research. In Australia, the federal government has budgeted $700,000 to help develop blockchain research domestically and in Canada, the Blockchain Research Institute has been forging alliances with India’s booming tech sector in order to utilize the nation’s capable and resourceful computer sciences community.