The Tezos Foundation has announced that it will make financial contributions to research institutes for the development of blockchain tech and smart contract, according to an official press release published on August 9
The Tezos Foundation will provide grants to four research institutes: Cornell University, Beira Interior, University of Illinois at Urbana-Champaign and France-IOI, notes on the press release.
Emin Gün Sirer will lead the Cornell University team to "develop protocols that can be applied to Tezos," paying particular attention to the sharding, and the University of Beira Interior in Portugal will receive four scholarships for two master's degree and two research doctorates. projects focused on robot registration events in factory and support environments respectively for intelligent machine controlled contracts.
The France-IOI grant "will support the education and training of current and future Tezos developers" and the grant for Decentralized and Consulting, LLC. ("Decet"), a research institute of the University of Illinois at Urbana-Champaign, aims to create an "online documentation resource for developers accessible to the Tezos ecosystem".
At the beginning of this summer, the Tezos Foundation had made a statement that would hold an invitation to submit research proposals through a grant process open in August.
Last month, the company announced that the international professional services giant PwC, based in London, would conduct an external audit of the company's finances, according to Cointelegraph, 24 July.