The future of blockchain technology seems to be bright, thanks to the initiative by the faculty of Engineering at the University of Waterloo, who is offering funding for master’s and doctoral candidates researching blockchain.
Master’s students will be given $50,000, while $120,000 will be givem to PhD students, interested in undertaking the research.
A San Francisco-based technology firm, poplularly known for digital payments and blockchain, Ripple, would be providing most part of the funding for the fellowship.
More so, selected candidates will join the Waterloo research team as well as other researchers, for the advancement, exploration, and innovation in blockchain, cryptography and digital payment systems.
Recall that, the University of Waterloo as well as other universities, signed a multi-million-dollar initiative funded by Ripple, making it the only Canadian participant in Ripple’s University Blockchain Research Initiative.
Further more, the graduate studies fellowships was designed to attract new talent into the systen.
Prof. Anwar Hasan, the Ripple Chair at Waterloo, is an electrical and computer engineering professor who is an expert in cryptographic engineering, and a new research fund.
“Blockchain is really evolving, with cryptocurrency being just one application of it,” says Hasan.
He noted that, “People are now looking at how things can be improved in terms of scalability, privacy and more. One of the challenges Waterloo Engineering researchers are working on right now is making blockchain more applicable to more people.”
Several faculty members from Waterloo Engineering are involved in various areas of research, notably:
– Applications in Severless Cloud Computing
– Blockchain for Social Good
– Consensus Protocols
– Cryptography and Security
– Data Mining and Machine Learning
– Distributed Systems
– Smart Contracts
– Testing and Verification
An Elextrical and Computer Engineering Professor, Wojciech Golab, is focusing his research on relieving the scalability bottleneck in blockchain systems by analyzing methods of reducing the message complexity of consensus protocols.
“A blockchain must not only create a tamper-resistant record of transactions, but also order them sequentially and validate them against accidental or intentional misuse,” says Golab.
Candidates must apply by February 1, 2019 for the blockchain fellowship, and will resume in September 2019.
How to apply for a fellowship
See the University of Waterloo website for more details.