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The Initiative for Cryptocurrencies and Contracts (IC3), an academic research organization, has been selected as a research grant recipient from the Chainlink Community Grant Program.
The organization was awarded the grant to conduct additional research into improving Chainlink’s oracle network and the underlying blockchain, smart contract, and data infrastructure. According to a blog post from Chainlink, IC3 is now equipped to produce original academic research for improving the security, scalability, and reliability of oracle technology. The security of smart contract applications will also be one of the focal points of the research, Chainlink said in the post.
Sergey Nazarov, the co-founder of Chainlink, said that the insight IC3 provides through the grant will ultimately lay the foundation for smart contracts to support mass adoption.
IC3 is led by a large group of industry experts and academics, including co-directors Ari Juels, the chief scientist of Chainlink Labs, and Emin Gün Sirer, the founder of the Avalanche protocol. The organization also has three associated directors coming from the University of Illinois, the Israel Institute of Technology, and UCL.