Cardano Builder IOG Funds $4.5M Blockchain Research Hub at Stanford University

IOG previously donated $500,000 to fund Stanford research into blockchain scalability.

AccessTimeIconAug 29, 2022 at 8:00 p.m. UTC
Updated May 11, 2023 at 4:18 p.m. UTC

Cardano blockchain builder Input Output Global (IOG) has funded a $4.5 million blockchain hub at Stanford University, the latest in a series of academic research outposts around the globe.

In addition to Stanford, IOG has opened research labs and collaboration projects with the University of Edinburgh, University of Wyoming, University of Athens and Tokyo Institute of Technology. Last year, Cardano founder Charles Hoskinson donated $20 million to Carnegie Mellon University (CMU) to establish the Hoskinson Center for Formal Mathematics.

Stanford University in Palo Alto, Calif., is a hotbed of tech innovation; the place opened a Center for Blockchain Research back in 2018, led by Dan Boneh and David Mazières, two professors who specialize in cryptography.

IOG has been collaborating with Stanford for some time, said Tim Harrison, vice president of Community and Ecosystem at IOG. “Before the research hub, we previously donated $500,000 to fund their research into blockchain scalability. As one of the world’s leading academic institutions, Stanford is an ideal location for the hub,” Harrison said in an email.

Asked if the new IOG-backed blockchain hub would promote the Cardano ecosystem or things like Haskell, the mathematical programming language used in the creation of Cardano smart contracts, Harrison said the project is “to fund researchers from multidisciplinary backgrounds.”

Working with the likes of Stanford to set up blockchain research hubs is key to the IOG vision, said CEO Charles Hoskinson. “With the Research Hub, blockchain development can grow even faster, based on the new learnings that will emerge, and the hub will add a new layer of validity to our sector that we haven’t always been afforded,” Hoskinson said in a statement.

“Healthy competition is a vital part of any growing industry, but especially in its early days, every player also needs to play its part in growing the space as a whole,” Harrison said. “Researchers at the university will be able to put forward innovative projects that will impact the blockchain industry.”


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.