Quick take:
- Input Output Global (IOG) is investing $4.5 million in a new blockchain research hub based at the University of Edinburgh.
- This hub provides a platform for university students and researchers to propose new web3 projects.
- The IOG has created a committee made up of its members and university representatives to lead the Blockchain Research Hub.
Input Output Global (IOG) has expanded its relationship with the University of Edinburgh with a new blockchain research hub. The hub heats up following his $4.5 million funding round for IOG. This forms the initial funding for the project.
IOG previously partnered with the university to launch a Blockchain Technology Lab within the university’s informatics department.
IOG hopes the Blockchain Hub will serve as a platform where students and university researchers can present projects related to blockchain and distributed ledger technology. The leadership team responsible for reviewing proposed projects and allocating funding will consist of IOG and university representatives.
Meanwhile, the research team includes a number of academics, including Aggelos Kiayias, chair of cybersecurity and privacy at the university and principal scientist at IOG. Commenting on the expansion of the partnership, Kiayias said:
Formed out of collaboration, the university’s blockchain technology lab has produced some of the most influential blockchain infrastructure projects to date.Kiayas sharp “Ouroboros, a suite of blockchain protocols based on proof-of-stake, and Ofelimos, a proof-of-useful work protocol that solves the energy efficiency problem of proof-of-work-based blockchains. An example of that.”
IOG has spearheaded collaborations with UK educational institutions after investing another $4.5 million in Stanford University’s Blockchain Technology Hub.
The company’s CEO, Charles Hoskinson, also donated $20 million to the Hoskinson Center for Formal Mathematics at Carnegie Mellon University in Pennsylvania.
Commenting on the latest investment, Hoskinson said IOG’s intention is to create an enabling environment for rapid growth in the blockchain technology sector driven by new concepts born from learning.
Hoskinson described the creation of IOG as “critical to our vision of making academic rigor the industry standard.”
“The establishment of this new research hub is an important milestone for continuing and expanding this research across the university, with an emphasis on interdisciplinary research,” added Kiayias.
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