- Cardano has just established a research centre at the University of Wyoming after making a $500,000 donation made completely in ADA.
- With this, it will promote the companies academic approach to blockchain development and engineering.
The lead development firm for the Cardano blockchain has just established a research centre at the University of Wyoming after making a $500,000 donation made completely in ADA cryptocurrency. It was announced at the end of last week by IOHK that the new research and authentication centre would form part of the Universities Blockchain Research and Development Lab. With this, it will help further the companies academic approach to blockchain development.
The centre is going to feature a new Plutus development facility which will provide developers of blockchain with an applied lab for writing code in the smart contract language of Cardano. On top of this, tools and resources will be used to experiment with new solutions. Furthermore, there will be a design studio for a new hardware tool which will help authentication and fighting counterfeit apps in the cryptocurrency.
The CEO and founder of IOHK, Charles Hoskinson has explained all in a recent ask me anything session:
"This is a very applied laboratory, where instead of doing peer theory, we're actually building real-life things and writing real software that will enter production very quickly."
The founder went to the ceremony that marked the opening of the research lab in Wyoming state. The butterfly logo for IOHK is going to be added to the lab which will be at the very centre of the future work IOHK has with the livestock traceability platform, BeefChain.
On top of this, the collaboration with the University will see IOHK receive a $500,000 grant in ADA tokens which will help fund and develop projects into new blockchain applications. This includes things like traceability tools.
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