There was an announcement today by Blockchain which is currently the top software platform with regard to digital assets in the globe. This was about
There was an announcement today by Blockchain which is currently the top software platform with regard to digital assets in the globe. This was about its partnership with the Imperial College London with the aim of launching the Digital Asset Research Lab. The lab facility was a beneficiary of a fund that was as a result of the Centre for Cryptocurrency Research and Engineering (IC3RE) locate at Imperial and Blockchain’s 3-year partnership. The main aim of the partnership is to develop an international center that will handle both ongoing research as well as all application activities that are associated with blockchain technology and Cryptocurrency.
The time is now ripe to carry out investigations into the challenges that surround the emerging yet transformative technology. This is necessitated by the increased maturation and adoption of digital assets. The Director of IC3RE called Professor William Knottenbelt mentioned that blockchain is the ideal partner to aid them in the realization of their ambition. He further added that the Centre for Cryptocurrency Research and Engineering (IC3RE) were excited to work with CEO of Blockchain called Peter Smith and his entire team.
Peter Smith is set to join the Steering Committee for the research laboratory and will be given the mandate to identify and consequently arrive at an agreement with regard to areas that need to be given priority for research as well as prototyping. The committee will have two meetings yearly so as to review potential projects, consider their possibilities and approve them if deemed viable in addition to overseeing the performance of ongoing projects. The focus of initial research projects is likely to be state channels and smart contracts.
Peter Smith mentioned that the contribution of exponential technologies in society cannot be precisely quantified. This is because such technologies have the ability of visualizing the world in ways that both inspire as well as surprise us. He went on to mention that each year the Blockchain technology and bitcoin network experience growth in transactions, have new online users and double in size. Smith further said that Blockchain were excited to be involved in the research process of the cutting edge technology and its impact on the globe.
Peter Smith said that Blockchain’s decision to partner with Imperial was due to the firm’s commitment to encourage and support the future generation of developers for Blockchain. He said that graduate students from Imperial constitute the very best in the globe and that Blockchain was looking forward to offering assistance to them as they define the technological future.