Don Tapscott and Alex Tapscott have announced the formation of the Blockchain Research Institute (BRI) at the DC Blockchain Summit, hosted by The Chamber of Digital Commerce.

The multi-million dollar institute is based in Canada and funded by companies and governments from several countries across the globe. The institute will provide a platform for exploration of blockchain use cases, implementation, roadblocks and much more.

Blockchain News reported that experts will explore blockchain use cases across multiple sectors including manufacturing, retail, healthcare, government, and financial services, among others.

The institute already counts a number of companies and governments among its founding members and will be inviting several others to join. In addition, the BRI has engaged with leading multi-stakeholder organizations focusing on blockchain technology, to ensure they are providing collaborative and execution-based deliverables for the members.

Founding members include:

• Technology Industry – Accenture, IBM, SAP
• Financial Industry –  Digital Asset, NASDAQ
• Global Corporations – Pepsico, Centrica, Liberty Global
• Government – Province of Ontario, University Health Network
• Blockchain Pioneers – Nuco Inc., Paycase, Artlery, Votem, Cosmos, Youbase, Wisekey
• Affiliate Organizations – The Hyperledger Project, the Chamber of Digital Commerce, Coala.io, Enterprise Ethereum Alliance

“We believe Blockchain is a transformative technology for businesses. The Blockchain Research Institute with its brilliant team will deepen and enrich the knowledge about Blockchain. We highly appreciate and fully support this effort and will contribute our deep expertise in business processes as the global leader in enterprise software,” SAP Chief Innovation Officer Juergen Mueller said.