Founding Story

Princeton University researchers and alumni have been leaders in emerging blockchain technologies for the last decade. In March 2022, the University created the Center for the Decentralization of Power Through Blockchain Technology to convene scholars across disciplines to better understand the potential benefits and pitfalls of these emerging technologies and to drive wise innovation in the field.

Key support for the initiative came from a major gift to Princeton’s Venture Forward campaign from four alumni who are leaders in technology, investing and blockchain. The donors are: Peter L. Briger, Jr., a 1986 graduate and principal and co-chief executive officer of Fortress Investment Group; Joseph M. Lubin, a 1987 graduate and a co-founder of the blockchain and cryptocurrency platform Ethereum and CEO and founder of ConsenSys, a blockchain company; Daniel W. Morehead, a 1987 graduate and founder and chief executive officer of Pantera Capital; and Michael E. Novogratz, a 1987 graduate and chief executive officer of Galaxy Investment Partners.

The center is co-directed by Jaswinder Pal Singh, professor of computer science, and Andrea Goldsmith, dean of engineering and the Arthur LeGrand Doty Professor of Electrical and Computer Engineering.

We are in the very early stages of this foundational area, with its many opportunities and risks.

J.P. Singh, Professor of Computer Science

“The newly established Princeton DeCenter needs to be engaged not just in the technology and its uses but also in the economics, governance, and policies associated with them. This will require a highly interdisciplinary and balanced approach across research, education, and engagement with those in industry.”