The company behind Aptos blockchain, Aptos Labs, announced a $50,000 grant to Lorenzo Alvisi, Tisch University Professor of Computer Science in Cornell Bowers CIS, to help support Web3 innovation in higher education.
The $50,000 grant will support student research toward a novel strategy for scaling blockchain performance by constructing an abstraction of a secure, fault-tolerant, decentralized append-only log on top of a Byzantine-tolerant database.
This new client-centric design is capable of supporting parallel transaction processing and alleviates concerns about the fairness of leader-based blockchains.
Lorenzo Alvisi stated, “This collaboration with Aptos will help our team understand how to allow existing blockchain-based applications to take full advantage of our novel architecture.”
Avery Ching CTO and co-founder of Aptos Labs, noted “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.”
“Blockchain education remains a key cornerstone of Aptos’ mission, as it is a core value across our engineering team, which is comprised of a variety of PhDs across high-performance computing and cryptography disciplines,” Ching added.
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