Ripple is presenting its University Blockchain Research Initiative (UBRI) on a big scale. The giant kickstarted its 1st ever annual academic event of the UBRI program on October 3 which ends on October 4, 2019.
What is UBRI?
Launched in June 2018, Ripple’s UBRI program has expanded its global footprints across 33 universities across 14 countries, as per the official report published in July 2019. UBRI is Ripple’s effort to enhance the awareness of blockchain tech among the students. Ripple defined it as;
An initiative to accelerate academic research, technical development, and innovation in blockchain, crypto assets and digital payments”
Ripple’s Exec on stage at #UBRICon2019
Famously known as UBRI Connect 2019 or #UBRICon2019, the event is scheduled for two days “October 3 -4, 2019” which gathered URBI faculty, researchers, grad students, and other special guests. More details of the conference remained to be seen but the Ripple’s officials and XRP community members were quick to share the ongoing updates of the event.
During an event, Ripple’s officials namely Xpring VP of sale Ethan Beard, Ripple CTO David Schwartz, Ripple’s Global head of government Relation Michelle Bond, Brett Seyler the founder of Ripple’s incubated gaming platform Forte, Xpring VP of Engineering Doug Purdy and many others shared various insights on RippleNet, Xpring and UBRI initiatives.
As per the latest tweet of Ripple, Doug Purdy discussed the new developer platform that Xpring has recently announced. According to him, XRP is the most effective means to bridge between boundaries. In his words;
The goal with everything we are doing here is how we can make it possible for the 23 million app developers…building [apps] for the android stores, iOS…How can we enable them to put money at the center of their applications… We believe #XRP is the most important, most effective means to bridge between boundaries that we see geographically and we certainly see from a monetary perspective, Doug Purdy said speaking at the Ripple’s UBRI Connect 2019.
“We believe #XRP is the most important, most effective means to bridge between boundaries.” @XpringDev VP of Engineering Doug Purdy shares how we’re enabling #developers to put money at the center of their applications. #UBRICon2019 pic.twitter.com/w2OU0FA3CX
— Ripple (@Ripple) October 4, 2019
We think XRP will play a very important role in a federated hydrogenous world that we know we are living and we think it is the most imp tool to bring between these things. We can give those kinds of tools to developers.. [ which] would be pretty excited at what they’re gonna build.
Xpring v/s RippleNet
Moreover, in a different session, Ripple CTO talked about the “Internet of Value” wherein he also sheds light on differentiating RippleNet with Xpring. He said;
Ripple is building a global payments network for financial institutions powered by XRP whereas Xpring is building a global payments network for developers powered by XRP.
On a continuous talk, Xpring’s lead Ethan beard also stated: “We think building the Internet of Value is akin to building the Internet”.
— CoinField (@CoinFieldEX) October 3, 2019
Ripple’s UBRI Connect 2019 is the first annual conference by Ripple ahead of its yearly event, Swell 2019 which is hosted for two days on November 7-8 in Singapore. However, there is no significant price movement in XRP’s daily trading value ( which currenlty sits with $0.24 against USD) despite the hype of UBRICon2019, whether or not Swell 2019 push XRP forward is still a matter of time.
What do you think readers?
Image source – Ripple