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The incubation lab will become the hub where students can work on blockchain projects, attend industry-focused events, and find peers interested in the space. Citizens Reserve will stock it with hardware including mining rigs so students can test different blockchain mechanisms firsthand. On the education side, the company will help Duke construct curriculum, facilitate in-class sessions, set up online forums, and organize joint meetups. Students will get access to real blockchain projects and introductions to industry experts.

Campbell Harvey, who teaches finance at Duke's Fuqua School of Business, is leading the initiative as faculty advisor and will direct curriculum development. "It is crucial that academic institutions be willing to collaborate with thought leaders in the blockchain industry," Harvey said. "Duke is very proactive in external collaborations and we are excited about the opportunity for our students to get hands on, industry-relevant experience."

Duke opened a Blockchain Lab in November 2016 under the Innovation and Entrepreneurship department, which hosts speakers and runs educational events. The school joined Ripple's University Blockchain Research Institute, a network launched in June 2018 to fund and facilitate blockchain research and development at universities. The UBRI roster includes Carnegie Mellon, Cornell, the National University of Singapore, the University of Sao Paulo, and Tsinghua University's Institute for Fintech Research.

Citizens Reserve was founded by veterans of Deloitte's blockchain division. The company unveiled the alpha version of Suku last fall, a blockchain-based supply chain-as-a-service platform. Through a deal with Smartrac, an Amsterdam-based maker of RFIC tags, Citizens Reserve is working to assign unique digital identities to products like meat, livestock, and vaccines so they can be tracked as they move through supply chains. The startup has raised $11 million to date.