Technology giant IBM has launched a new research center through a partnership with Columbia University in a move aimed to boost blockchain application development and education initiatives.

Opening Tuesday, the center is located in the Manhattan campus of Columbia University in New York City and will, among other things, incubate blockchain applications through a combination of academic and technical expertise, the firm said.

Soon to be announced, a dedicated committee comprised of both Columbia faculty members and IBM research scientists will start reviewing proposals for blockchain “curriculum development, business initiatives and research programs” later this year.

In addition, the center will advise on regulatory issues for startups in the blockchain space and provide internship opportunities to improve technical skills for students and professionals with an interest in the tech.

John H. Coatsworth, Columbia University provost, commented in the announcement that he expects the partnership will “significantly advance scholarship and applications,” especially for blockchain’s use case in data sharing.

Coatsworth added:

“Our students and faculty, working together with IBM, will play an important role in the vibrant exchange of ideas and research surrounding this transformative technology.”