- Initial members include esteemed global research institutions IIT Madras, LSE, NUS, UCL and UZH

LONDON, Mar 20, 2023 - (ACN Newswire) - The DLT Science Foundation (DSF) (www.dltscience.org), a global, non-profit organisation, launched today with the goals of expanding knowledge and adoption of, and removing barriers to, fundamental breakthroughs in the field of distributed ledger technology (DLT).

Central to the Foundation's plan to support the responsible adoption of DLT is a comprehensive set of programmes that will offer support in three key areas:

- Education - for students, executives and developers: courses, labs and educational material

- Innovation - for entrepreneurs: open innovation programs, accelerators, workshops, hackathons, industry-academia knowledge transfer

- Research - for academics, Postdocs and PhDs: grants and fellowships

This support will be provided by the Foundation itself and through the use of grants to members of the DSF University Network. This network will feature a diverse array of leading universities from all over the world. Initially, the network comprises Indian Institute of Technology Madras, London School of Economics, National University of Singapore, University College London, and University of Zurich.

Other institutions that share the DSF's vision of promoting DLT are invited to join the DSF University Network and enjoy exclusive access to proprietary tools providing valuable insight into the crypto market and data for research purposes.

The DSF has been initially supported by Hedera (https://hedera.com), the open-source, leaderless proof-of-stake network, which will also lend valuable DLT expertise to the DSF University Network.

The first call for grant proposals opens today, offering funding up to 5 million US dollars for eligible individuals and organisations.

The DSF was conceived by two visionaries: Professor Paolo Tasca and Nikhil Vadgama. Prof. Tasca is a renowned economist who possesses a wealth of experience in both the industry and regulatory aspects of distributed systems. He is the founder of the acclaimed UCL Centre for Blockchain Technologies (CBT). Nikhil Vadgama is a Senior Technology Executive, the Deputy Director of UCL CBT, and a distinguished educator and lecturer at UCL who has received numerous accolades for his work.

Similar to the technology it advocates for, the DSF is a decentralized entity consisting of a global network of scientists and top experts in DLT.

The DSF programs will address real-world grand challenges and will be run through an innovative open collaborative innovation model between academia, industry and government to spur the translation of fundamental research into innovative commercial and societal solutions.

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