VeChain to Fund Ivy League Blockchain Research

VeChain to Fund Ivy League Blockchain Research

VeChain has provided a $40,000 fund to the USA Ivy League’s Dartmouth College to promote research into blockchain and its uses, with preference given to new work that employs platforms such as the open-access VeChainThor.

Although accessed through the The Neukom Institute for Computational Science faculty, the grant is open to the whole campus including undergraduates, graduates and professional schools.

BASIC Pedigree

Founded in 1769, Dartmouth is one of the eight colleges that make up the Ivy League along with Brown, Columbia, Cornell, Harvard, Penn, Princeton and Yale. The College has a computational development pedigree that includes the invention of seminal computer language BASIC by John Kemeny and Thomas Kurtz in the 1960s.

VeChain is a smart-contract platform that focuses mainly on supply chain management and other business applications. Benefitting from the Pricewaterhouse Coopers (PwC) incubator program, VeChain is involved with several high profile partnerships including the car manufacturers Renault and BMW.

Last month, the company announced a series of bounties and development challenges to increase awareness of VeChainThor’s capabilities and encourage wider adoption.

The old VeChain token (VEN) reached over $7 in the bull run of late 2017 but underwent a token swap on 100:1 ratio for the current VET token and is currently available for less than a penny on several exchanges with Binance, BitMart and Huobi seeing most of the daily trading volume.