Princeton will dive deeper into blockchain research after four alumni donated $20 million for a new initiative. The university will explore new use cases and the societal impact of DLT.
Princeton’s School of Engineering and Applied Science will take on the work of the new initiative led by Professor Jaswinder Pal Singh, who has sat on the Blockstack PBC Board of Directors since 2019. Singh has embraced a “highly collaborative research” approach to determine how blockchain can “result in the most benefit and the least harm,” according to a statement from the university.
Singh commented that computer scientists have faced a long uphill battle in figuring out how to achieve consensus “among a distributed set of entities who don’t trust one another.” He added that while Bitcoin has largely solved that problem, decentralization may well be a new turning point for society.
“The decentralization of trust may be just as powerful and transformative as the worldwide web. It may transform existing systems and lead to new applications that we cannot even imagine today.”
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