NTU Singapore has been selected by Algorand Foundation, the world’s most green and secure blockchain ecosystem, to host a new research and education centre aimed at developing and advancing blockchain technologies.
Known as the Algorand Centre of Excellence at NTU (ACE@NTU), NTU is one of 10 new Algorand Centres of Excellence (ACE) established earlier this month.
NTU is the only lead organisation in Asia to be selected for this US$50 million programme and joins other top universities such as UC Berkeley, Carnegie Mellon University, Yale University and Purdue University, to name a few.
Algorand was first established by Professor Silvio Micali from the Massachusetts Institute of Technology in 2017. It is a fully decentralised, secure, and scalable blockchain that provides a common platform for building products and services for a borderless economy.
The aim of the ACE programme is to establish a global network of blockchain and cryptocurrency research and education centres that advances collaborative, multidisciplinary, and cutting-edge knowledge and technology.
Over the next five years, ACE@NTU aims to become the nexus for blockchain education and research as well as foster a vibrant ecosystem to advance blockchain development and adoption in Singapore and the region.