Despite a harsh crypto winter that has brought several industry names to ruin, blockchain technology continues to thrive in education. Aptos Labs, the company behind the blockchain of the same name, announced a $50,000 grant award on Wednesday to Professor Lorenzo Alvis of Cornell University in New York.
Alvisi, who earned his Ph.D. from Cornell in 1996, teaches computer science and conducts research into distributed computing and game theory.
“We are delighted to support the work of Professor Alvisi’s students as they not only research novel blockchain systems but also develop real-world, scalable use cases and applications to benefit the future of the industry,” Avery Ching, CTO and co-founder of Aptos Labs. said in a statement.
According to the announcement, the grant will fund student research in scaling blockchain performance using a “client-centric architecture,” which goes on to declare that doing so will involve “building the abstraction of a secure, fault-tolerant, decentralized append-only log on top of a Byzantine-tolerant database.”