Cardano and The Blockchain Center of the University of Zurich will collaborate on a research initiative over the next three years.
The collaboration will focus on high-level academic research on blockchains and Distributed Ledger Technologies.
Cardano has had a solid start to 2022, with ecosystem and price-related developments.
Cardano has expanded its efforts to encourage blockchain development and research initiatives, announcing that the Cardano Foundation will unite with The Blockchain Center of the University of Zurich. The two parties have established a collaboration over three years, focusing on the continuous development of Cardano. It will also focus on the Foundation’s contribution to the university’s Blockchain and Distributed Ledger Technologies.
Specifically, the collaboration will see the integration of the Cardano blockchain ecosystem in the nascent UZH Blockchain Observatory and transaction growth and lifecycle analysis for UTXO growth, scalability, and large wallet management. Additionally, it will also look at the organization of Cardano token economies and the efficacy of consensus protocols and incentive schemes.
Frederik Gregaard, CEO of the Cardano Foundation, celebrated the collaboration, saying that education was a core goal going forward,
“Our collaboration with the University of Zurich will provide crucial insights to nurture the ecosystem and enhance understanding of Cardano. As blockchain moves from the margins to the mainstream, considerably more academic research is required to enhance understanding and, ultimately, bring about adoption. This is why we have even specifically called out education as a core goal of the Foundation for the year ahead.”
The City of Zurich is known for being very blockchain and crypto-friendly, and the University of Zurich is among the foremost universities dabbling with technology. UZH offers education courses in blockchain and dozens of researchers from different faculty departments.
Cardano Experiencing a Great Deal of Success
Cardano has had an excellent start to 2022, stemming from several successful upgrades. This has led to an explosion of activity in its ever-growing DeFi economy. Right now, DEXs make up the majority of its DeFi market, but a slew of new projects is going to bring a deal of diversity to its nascent DeFi sector.
2022 will continue to be a big year for Cardano, as many projects are planning to launch on the highly anticipated network. Complete decentralization is still some ways off, but will cap off what has been many years of patient work.
This success has been a long time coming for Cardano, which has spent years methodically developing its technology and infrastructure. The fruits of that labor are finally paying off, with successful project launches and a growth in the price of its token, ADA.