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Blockchain scholars unite to form research group

Tony Zerucha

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An all-star team of academic blockchain scholars across North America and Europe has formed of a multi-national research organization, Insolar Research, which is poised to bridge the gap between blockchain science and real-world enterprise adoption. Insolar Research is a subsidiary of Insolar and comprises 10 leading academic blockchain scholars from institutions including York University, ETH Zurich, and Princeton University. It is currently undertaking research and proof-of-concept pilot projects spanning multiple research areas, industries, and partner collaborations.

Among Insolar Research’s ranks is Prof. Henry Kim, co-director of York University’s blockchain lab in Toronto, and Prof. Alexandru Butean, Senior Lecturer Professor in Computer Science and architect of the Blockchain Society in Estonia. Eight other scholars round out the team’s growing membership, each contributing a mix of blockchain expertise with other industrial research specializations, such as cryptography, security, IoT, and AI/ML.

“Insolar Research is pushing the boundaries of blockchain science,” Prof. Kim said. “More than that, it’s bringing that science to real-world enterprise use, showing companies the tangible benefits of blockchain and solving the urgent hurdles they face in adopting it.”

In keeping with Insolar’s open source values, Insolar Research will freely publish and share its findings with the world.

“Insolar Research is a vital component of the Insolar ecosystem,” CEO Andrey Zhulin said. “It brings thought leadership and academic rigor to our technology platform and advances the frontiers of knowledge for the greater community, creating a rising tide that lifts all boats.”

Projects which Insolar Research is currently conducting include:

• Investigating how a modern society would function if blockchain technology were applied at all levels. This project closely follows EU directives for 2020 and creates the architecture, requirements, and tools necessary for public institutions and enterprises to integrate their services to achieve fairness in an unfair world.

• Businesses remain hesitant in their adoption of blockchain technology. SimuChain simulates how blockchain technology can impact the business processes of an enterprise organization, decreasing uncertainty and demonstrating tangible benefits.

• Making the case for how blockchain technology can improve supply chain provenance and food safety. This project leverages smart contracts to execute provenance tracing. 

• A two million euro project that will create the factory of the future by using IoT products and services to optimize the interplay between humans, computers, and their environment. This project is funded by the Romanian government and its specifications were drafted following discussions with top industry leaders throughout Europe.

• Proposing a blockchain-enabled electricity microgrid that incentivizes the use of local, renewable energy sources to decrease greenhouse gas emissions.

• Investigating how blockchain technology impacts the United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) and how the organization can provide standardized technical specifications for the provenance and authenticity of goods.

• Examining how adopting blockchain technology can increase the global competitiveness of food manufacturers and exporters in Canada, especially in Ontario.

• Investigating how tightly coupled blockchains for different enterprise operations (e.g., financing and operations) can increase productivity, improve resource allocation, and minimize the risks and costs of information asymmetry in business transactions.

  

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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