Bitcoinist reports on a new sponsorship by Chain, Inc. for the Initiative for Cryptocurrency and Contracts (IC3).  

The IC3, based at the Jacobs Technion-Cornell Institute at Cornell Tech in NYC, consists of faculty from Cornell University, Cornell Tech, UC Berkeley, UIUC and the Technion, "was founded to advance blockchain development by bringing together the expertise of all participating organizations and making them available to industry partners." Chain "works together with financial companies to help develop blockchain infrastructures for blockchain-based business solutions".  So, says IC3 co-director Emin Gu╠łn Sirer, "The Chain team shares our vision of ubiquitous blockchain-based networks that are fast, scalable, confidential and secure. We look forward to collaborating with Chain to accelerate the deployment and adoption of reliable smart contract solutions.”

The other co-directors of IC3 are Ari Juels and Elaine Shi, and Ittay Eyal is an associate director along with Andrew Miller from UIUC.