OPEN Platform, a blockchain payment infrastructure for applications today revealed OPEN Blockchain Innovation Labs — a research and development oriented arm committed to staying on the leading edge of blockchain technology for industry use cases.
The OPEN team said it is now ready to begin releasing specific projects and partnerships it has been advancing.
OPEN Blockchain Innovation Labs (BIL) has a series of partnerships, collaborations and support initiatives in development with a number of tier one academic entities across the globe.
The team believes that academic institutions and their research faculties are key elements in pioneering new innovations for blockchain technology — whether it be the evolution of crypto payments through applications in mainstream industries, scaling the throughput of current blockchains, or helping with breakthrough protocol developments.
To that end, OPEN announced today their research collaboration with the prestigious Viterbi School of Engineering at the University of Southern California. USC’s Viterbi School is the first of many prestigious universities that OPEN is planning to collaborate with.
OPEN Blockchain Innovation Labs has committed funding to ensure that academic entities like the Viterbi School of Engineering at USC can stimulate discussion between students and faculty that potentially leads to technical development on novel topics.
The OPEN team said:
“As we surge through our technical roadmap, the team at OPEN is continuing to work on the toughest and most novel concepts in the industry, ultimately looking to push the entire blockchain ecosystem forward. Similar to how OPEN Platform is bridging various blockchain protocols, BIL is bringing together the brightest minds in the space to catalyze innovation. OPEN plans on revealing many of our partnerships soon!”