Princeton University launches blockchain research project – Bits Media

Princeton University, one of the oldest universities in the USA, launches an initiative to deeply study blockchain and its impact on social institutions, as well as searching for new applications of technology.

According to Bloomberg, former students of Princeton University donated about $20 million. Among them is Peter Bridger (Peter Bridger) из Fortress Investment, ConsenSys CEO Joseph Lubin (Joseph Lubin), Pantera Capital CEO Dan Morehead (Dan Morehead) and Galaxy Digital founder Michael Novogratz (Michael Novogratz).

The project aims to study how, like modern technology, in particular, blockchain, can influence and change social norms, how such technologies did it in the past, like the printing press and the Internet. The project will involve scientists from different disciplines, to understand the potential advantages and disadvantages of blockchain, as well as its potential for “decentralization of public power”.

According to the official statement of the university, There are also plans to explore new ways to apply technology in finance, voting, news and other areas. Princeton's School of Engineering and Applied Science will lead the new initiative under the leadership of Professor Jaswinder Pal Singh (Jaswinder Pal Singh).

At the beginning of March it became known, that the Cambridge Center for Alternative Finance, together with leading banks, public and private organizations, will launch a project to study cryptocurrencies.