London Business School’s Wheeler Institute for Business and Development is expected to benefit from a generous donation from Sui, a Layer 1 blockchain. Sui Recently announced its contribution of $1 million to encourage massive research and education in decentralized computing. The initiative strives to equip the next generation of developers and business leaders with extensive Web3 skills and expertise.
The Foundation For Advanced Research And Education
Sui’s funds are meant to support multiple initiatives at the intersection where blockchain meets business technology. The investment strives to boost the Wheeler Institute’s research and teaching capabilities. Moreover, it aims to expand public outreach in automation, fintech, blockchain technology, and payment systems.
Managing Director of the Sui Foundation, Dr. Greg Siourounis, acknowledges the pressing need to prepare the next generation with advanced technological gear to resolve global challenges effectively. He stated:
“Sui is pleased to endow London Business School to give more young leaders access to the tools required for them to implement lasting positive change on a global scale.”
Highlighting the potential impact of the massive donation, Dean François Ortalo-Magné of LBS appreciates the Sui Foundation’s generous gift, stating:
“The importance of contributions like the one Sui Foundation is making at London Business School cannot be overstated. The research activities that will be funded by their gift have a multiplier effect that empowers generations of future leaders to address global challenges in entirely new ways.”
Sui Foundation Extends Its Contributions Beyond LBS
Apart from the donation to the Wheeler Institute, the Sui Foundation has committed $225,000 in research grants meant for nine universities across the globe via the Sui Academic Research Awards (SARAs). The foundation has also partnered with Costeas-Geitonas School in Greece to assist in the inauguration of a Web3 curriculum, known as, “Blockchain and Business Innovation,” designed particularly for high school students.
Sui is a blockchain platform designed to offer quick, private, secure, and inclusive digital asset ownership. It works on an object-centric model that supports transactions to get executed in parallel, achieving sub-second finality.
As for London Business School, it is famous for its impact on global business practices and its consistent dedication to research excellence. The institution provides top-tier executive programs and degree courses to many business professionals from around the world.
The Takeaway
Sui’s decision to fund research and education in decentralized computing is mainly focused on development in Web3 domains. The huge support for fintech and blockchain at the Wheeler Institute highlights this intent. Furthermore, Sui’s commitment aims to equip the next generation for an ever-changing technological landscape. The primary goal is to develop blockchain expertise globally, beginning with the Wheeler Institute and London Business School.
