To help shape the future of blockchain technologies, a funding opportunity is available for master’s and doctoral candidates.
Waterloo Engineering is offering fellowships, valued up to $50,000 for master’s and $120,000 for PhD students to undertake research in the blockchain field.
Most of the funding for the fellowships is provided by Ripple, a San Francisco-based technology company that specializes in digital payments and blockchain.
Recipients of the fellowships will join Waterloo researchers and others to advance research and innovation in blockchain, cryptography and digital payment systems. Blockchains are digital ledgers that record transactions. They are secure, easy to track and can't be changed.
Last spring, the University of Waterloo joined top universities across the globe on a multi-million-dollar initiative funded by Ripple.
A leader in developing blockchain technology, Waterloo is the only Canadian participant in Ripple’s University Blockchain Research Initiative focused on helping to contribute to the world’s research capacity in the field.
As well as the graduate studies fellowships designed to attract new talent, Ripple’s financial contribution to Waterloo supports a Ripple Chair held by Anwar Hasan, 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. “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.”
A number of faculty members from across Waterloo Engineering are involved in a wide spectrum of research in the following areas:
- 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
Wojciech Golab, a Waterloo electrical and computer engineering professor, is focusing his research on relieving the scalability bottleneck in blockchain systems by exploring 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.
The application window for the 2019-2020 cycle is now closed and awardees will be announced before the end of the February. Stay tuned for updates on future offerings of these fellowships in the 2020-2021 cycle.
How to apply for a fellowship