Berkeley University decided to invest in blockchain technology. The newly launched Blockchain Accelerator will guide and help entrepreneurs to build blockchain-based businesses.
Blockchain is the new black
Supporting startups is something that many worldwide enterprises and businesses do, because it’s profitable in one way or another. Recently, we’ve heard about Facebook acquiring Chainspace. It was one of many collaborations of this kind that have been signed in the past year or two. Blockchain technology has transformed from being simply a cryptocurrency-related tool into a global industry. Now, every company wants to start investing in blockchain, not only because of its popularity but obviously due to the opportunities it gives.
Being the tech leader
Berkeley University is one of the best and most popular public education and research institutions in California. It’s well known for supporting innovative ideas and exploring new technologies. This time, it has been decided that blockchain will be the next investment of the University. In the official announcement, it has been declared that Berkeley launches a new project, dedicated solely to blockchain technology development.
The newly introduced program is called Berkeley Blockchain Xcelerator. It focuses on supporting new blockchain projects. It will help entrepreneurs to explore initiatives in the blockchain space, thanks to the resources of Berkeley and Silicon Valley. The program also includes expert guidance to people who want to create successful blockchain startups. The initiative was created in a joint effort of Berkeley Engineering’s Sutardja Center for Entrepreneurship and Technology, Blockchain Faculty at Berkeley, and the Haas School of Business.
The Berkeley Blockchain Xcelerator is accepting applications until the end of February. The founders believe that the program will attract blockchain startups from all around the country and deliver them tools they need to pursue their ideas.
As innovative this program may seem, it’s not the first initiative like this in the science environment. Stanford University launched its very own Center for Blockchain Research in June last year.
Image by David Litman
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