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Blockchain| Mit Reports

Blockchain| Mit Reports

In line with the Massachusetts Institute of Technologys mandate to advance knowledge in areas that will serve to address the 21st centurys great challenges, by focusing on fields of scholarship that will best serve the world, MIT has recently released a number of reports on the impact of blockchain technology on financial services. Blockchain & Financial Services: The Fifth Horizon of Networked Innovation This report promises to close any gaps in your understanding of where the world of blockchain is today, where its going, and how you might capitalize on the disruption its bringing to the global financial system. 2 themes you will explore with this MIT report: Understanding the fundamentals of blockchain and its impact on financial markets. The barriers associated with adopting this new technology. Blockchain & Transactions: Markets and Marketplaces This report takes a closer look at how blockchain will impact transactions in the future and identifies the players and markets most likely to experience the disruption. 2 themes you will explore with this MIT report: Insights into how exactly blockchain is likely to affect a variety of sectors and stakeholders, including securities trading, commercial and retail banking, and insurance. The potential of blockchain to help us reimagine and redefine the role of intermediaries and other market participants. Blockchain & Infrastructure (Identity, Data Security) This report explores applications of blockchain technology against the context of concerns around identity, privacy and data security. 2 themes you will explore with this MIT report: The ways in which blockchain can be utilised for online identity and how this will be valuable for financial institutions. How blockchain could impact data security through decentralization Continue reading >>

Mit Professor Raises $4 Million To Build A Better Blockchain

Mit Professor Raises $4 Million To Build A Better Blockchain

MIT Professor Raises $4 Million to Build a Better Blockchain The developers of the Algorandblockchain protocol have raised $4 million in seed funding. The funding support came from venture capital firms Pillar and Union Square Ventures, the startup behind the protocol announced today. Algorand constitutes a digital currency and transaction platform, with its underlying protocol co-authored by MIT professor and Turing Award winnerSilvio Micali. As previously reported by CoinDesk, the proof-of-stake-based system was on display at the Financial Cryptography and Data Security conference in Malta last year. Algorand represents the latest effort to build a wholly new blockchain system, and is aimed at tackling some of the perceived governance issues associated with distributed systems.The project plans to use the funds in order to build out its development team and support continued work on the protocol. "Just as the strength of the Algorand network comes from the diversity of its participants, the strength of the Algorand community comes from the diversity of its contributors," Micali said of the funding. "We are an open community bringing together end users, developers, and researchers in cryptography, economics, and computer science." While an exact launch date hasn't been set, the developers of Algorand are eyeing that release "within the year," according to statements. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Continue reading >>

Christian Catalini Is The Theodore T. Miller Career Development Professor At Mit, And Associate Professor Of Technological Innovation, Entrepreneurship, And Strategic Management,mit Sloan School Of Management

Christian Catalini Is The Theodore T. Miller Career Development Professor At Mit, And Associate Professor Of Technological Innovation, Entrepreneurship, And Strategic Management,mit Sloan School Of Management

Christian Catalini is the Theodore T. Miller Career Development Professor at MIT, and Associate Professor of Technological Innovation, Entrepreneurship, and Strategic Management, MIT Sloan School of Management Christian's main areas of interest are the economics of digitization, entrepreneurship, and science. His research focuses on blockchain technology and cryptocurrencies, the economics of equity crowdfunding and startup growth, and the economics of scientific collaboration. Christian is one of the principal investigators of the MIT Digital Currencies Research Study , which gave access to all MIT undergraduate students to Bitcoin in the Fall of 2014.He is also part of the MIT Initiative on the Digital Economy and the recently launched Digital Currency Initiative . He holds a PhD from the University of Toronto (Rotman School of Management), and MSc (summa cum laude) in Economics and Management of New Technologies from Bocconi University, Milan. In 2009-10 he was a visiting student at Harvard University. His work has been featured in Nature, Science, the New York Times, the Wall Street Journal, the Economist, WIRED, NPR, Forbes, Bloomberg, TechCrunch, the Chicago Tribune, the Boston Globe, VICE news and the Washington Post among others. He has presented his research at a variety of institutions including Harvard University, MIT, Yale University, London Business School, New York University, UC Berkeley, the Federal Reserve Bank, the US Treasury, the World Bank, and the White House OSTP. Search Volume for "Crowdfunding" (2006-2013) Continue reading >>

Business Of Blockchain

Business Of Blockchain

BlockchainYou've heard the term, now understand the impact. Digital technologies let people whove never met do business across borders and continents in an instant. But how can they trust one another without relying on bureaucracy and middlemen? How can security, identity, and ownership be guaranteed while still operating at the speed of the Internet? Blockchains, or distributed ledgers, may provide the answer. Companies, researchers, and governments are exploring how blockchains can secure trust without the need for middlemen or third parties. Leaders ina wide range of industries around the world are seeking to understand how distributed ledgers can help them operate more efficiently. MIT Technology Review in collaboration with MIT Media Lab Digital Currency Initiative invite you to a one-day conference examining the technology, ethics, and impact of blockchains. Learn about the technology to gain business advantage Separate fact from hype, and whats imminent from whats far off Join us for apre-event explainer session on the fundamentals of blockchain, featuring experts from MIT and industry. Robleh Ali is a research scientist at the MIT Media Lab's Digital Currency Initiative. His main focus is on how national currencies can be issued digitally outside the existing banking system and what role central banks should play in such a system. The overall aim is to fundamentally reform the financial system by changing the way money is issued. He previously led the research into central-bank-issued digital currency at the Bank of England. Executive Director, Blockchain Program Lead, J.P. Morgan 10 Breakthrough Technologies of 2018: Perfect Online Privacy Amber leads J.P. Morgans Blockchain Center of Excellence, tasked with setting a comprehensive blockchain strategy for the Continue reading >>

Case Study Mit | Learning Machine

Case Study Mit | Learning Machine

Learning Machines partnership with MIT began in 2016 to collaborate on developing Blockcerts , the open-source standard for blockchain based records. Later that fall, when MIT Registrar Mary Callahan became aware of the project, she recognized the opportunity to deliver on the promise of student owned records. Speaking to MIT News : it was the perfect confluence: technology developed at MIT and a vendor who was aware of MITs culture as a community that values learning, at a time when a comprehensive record of lifelong learning was an evolving need. The first step was ensure that the layout designer could recreate the official look of MITs historical diploma, which carries all of the historical signals for authenticity like seals and cursive signatures. While the blockchain supplies the true barrier to fraud, maintaining brand continuity and the signals of security was important for prestige and recognition. The layout designer allowed MIT to add images, text, signatures, and variables all forming a template that gets filled with data, like an email campaign.In the background, a content layer (JSON) was constructed that contains all of the diploma content and the recipients public key. This digital object gets hashed, signed by MITs issuing key, and anchored to the blockchain for later verification. All records include the public key of each graduate so they can demonstrate ownership. The process starts with an invite email requesting that students download the open-source mobile app (Blockcerts) for iOS or Android, and then add MIT as an issuer. The mobile app provides the most convenient way to generate keys, which are used to demonstrate ownership, and send their public key to MIT The app makes this as simple as adding a friend. In addition to the standard security m Continue reading >>

Meet The Mit Graduate Working On A Cheaper, Decentralized Option To Cloud Computing And Blockchain

Meet The Mit Graduate Working On A Cheaper, Decentralized Option To Cloud Computing And Blockchain

Meet The MIT Graduate Working On A Cheaper, Decentralized Option To Cloud Computing and Blockchain I write about college students and recent graduates founding startups. Opinions expressed by Forbes Contributors are their own. Cloud computing is a $247 billion dollar market that is dominated by the likes of Amazon, Google, and Microsoft. These major players offer centralized computing for a variety of uses ranging from backing up your companys data to producing big data analytics remotely. However, there has been an interest in decentralized cloud computing as a cheaper option for businesses that cannot afford the prices set by incumbent providers. In addition, the potential for decentralized cloud computing can open up the doors to cryptocurrency mining for those who do not have the expensive computing infrastructure needed to mine for these digital currencies such as Bitcoin. Ryan Robinson, a recent graduate of the Massachusetts Institute of Technology, has built a startup named Conduit to address these emerging needs in the cloud computing and blockchain markets, respectively. At first glance, it would not seem that Ryan Robinson would be interested in cloud computing, let alone technology. The Miami-Dade County native always viewed himself as an artsy kid. His main interests were poetry, music, and writing. You were more likely to find him reciting the works of Keats and Yeats than immersing himself in code. But Robinson never viewed the arts as separate from technology. He saw technology as a form of art, as expression resonating with you and fulfilling a need at the same time. Robinsons held technology in its purest form as bettering mankind. His unfettered belief in technology driving positive change drove him to apply to the Massachusetts Institute of Technolog Continue reading >>

Mit Professor Debuts High-speed Blockchain Payments Platform Algorand

Mit Professor Debuts High-speed Blockchain Payments Platform Algorand

MIT professor debuts high-speed blockchain payments platform Algorand Above: Algorand uses the blockchain for decentralized payments. Theres a gold rush going on as investors charge into cryptocurrency and blockchain investments. Even a professor from the Massachusetts Institute of Technology (MIT) is joining the party. Silvio Micali, a Turing Award-winning cryptographer and professor of computer science at MIT, has founded Boston-based Algorand to create a scalable, secure, and decentralized digital currency and payments platform. He has raised $4 million in seed funding from Pillar and Union Square Ventures. Algorand addresses the blockchains scaling challenges through rapid and efficientuser consensus, enabling even the smallest transactions, regardless of volume or numberof users. I heard something similar when I interviewed Kochava CEO Charles Manning, who is creating a blockchain digital advertising platform. Blockchain is a transparent ledger, or accounting system, that is decentralized, and because it is spread across a network of computers that verify the ledger, it is secure, transparent, and accurate. It has become the foundation for cryptocurrencies such as Bitcoin. The problem is that it takes a long time to update the blockchain across all of those computers, so you can only update the ledger at slow speeds, like 10 times a second or even slower. Thats too slow for payment systems. So Micalis team created an open source consensus protocol. Cryptocurrencies such as Bitcoin and Ethereum require users to solve cryptographic puzzles to mine additional currency. But Algorands protocol does not require solving cryptographic puzzles, which keeps the cost of transactions low. The transactions are confirmed within seconds, and transferred funds are immediately ava Continue reading >>

Blockchain 2018 Mit Energy Conference

Blockchain 2018 Mit Energy Conference

William Bubenicek has 15 years experience as an international entrepreneur/operator, conducting business in 40+ countries. Bill is CEO of ConnectM Technology Solutions, director at Ecovent Systems, and non-executive director at Cambridge Clean Energy. Bill holds a BA in Sociology from Albany State University and an MBA from Colorado Technical University. Lawrence Orsini is the founder of LO3 Energy, a groundbreaking energy and tech company working on innovative new hardware and software products within the emerging distributed energy and computation industry. His wide range of experience in the energy sector ranges from the development of policy and regulatory frameworks to relationship management on energy solutions with Fortune 100 utility and corporate clients. Prior to LO3 Energy, Lawrence was the Director of New Products for CLEAResult, working as the strategic lead on the development, piloting and deployment of new utility service offerings. This focused on energy efficiency, microgrid, and load management for commercial, industrial and residential market sectors. Managing Director, East - The Energy Authority A widely respected expert in risk management and financial derivatives with two decades of industry experience, Robert Trinnear brings invaluable strategic insight to TEA, where he leads trading services across all commodity types for TEAs clients on the East Coast. Before joining TEA, Mr. Trinnear was previously the managing director of Southern Horizon Consulting, where he specialized in financial and risk management for clients in the technology, energy, and financial industries. Prior to focusing on energy commodities, he served as a senior trader for Tyson Foods Inc. and held a variety of trading and structured finance roles at Mirant Corporation. Continue reading >>

Mit Professor Raises $4m To Solve Common Blockchain Problems

Mit Professor Raises $4m To Solve Common Blockchain Problems

MIT professor raises $4M to solve common blockchain problems Technology Reporter, Boston Business Journal MIT computer science professor Silvio Micali has raised $4 million to commercialize Algorand, a new type of blockchain software that promises to avoid some of the biggest problems with the technology that underlies Bitcoin and other prominent cryptocurrencies. The seed funding comes from Boston-based Pillar, an early-stage venture firm with a heavy focus on blockchain investments, and New York-based Union Square Ventures . Algorand already has 10 employees and says it will use the money to grow its team and continue to build out its technology. Micali is a long-time researcher into encryption, the fundamental technology underlying blockchains, who won the prestigious A.M Turing Award in 2012. His Algorand cryptocurrency proposes novel solutions to problems that prevent Bitcoin from working efficiently at large scale. Those problems have led to concerns about the huge amount of energy the Bitcoin network consumes, for example. Algorand also promises to process transactions more quickly than existing blockchains while keeping the whole network secure. Many founders and investors in the Bostons tech community are convinced that blockchain could eventually have as big an impact on the world as the internet itself, but many of the challenges that Algorand proposes to solve will have to overcome if the technology is going to work as envisioned. Silvio is a world-class cryptographer, and he's attracted an exceptional core team and advisors, Pillar partner Jamie Goldstein said in a statement. The company has the potential to fulfill the promise of a truly decentralized world. Continue reading >>

Blockchains Applications Reach Further Than You Think

Blockchains Applications Reach Further Than You Think

Blockchains applications reach further than you think The supply chain, food distribution, and energy will all be affected. By Rebecca Linke | February 12, 2018 Blockchain technology is evolving rapidly, and so are its potential uses. Heres where disruption could be coming. Have a question or comment for Michael Casey and Paul Vigna? Join them for a Twitter chat on Feb. 28 at 1 p.m. EST using #MITSloanExperts. Many people are familiar with bitcoin, the cryptocurrency that doubled its price four times in 2017 before falling again in the new year. Fewer people are familiar with blockchain, bitcoins underlying technology that has the potential to affect every industry . MIT Sloan senior lecturer Michael Casey realized that blockchains disruptive potential shouldnt be underestimated when he was writing his 2015 book " The Age of Cryptocurrency ." That book explored how digital money could upend the financial system, but while writing it Casey and his coauthor, Wall Street Journal reporter Paul Vigna, realized that blockchain and its broader applications was going to be as big a story. In their new book The Truth Machine: The Blockchain and the Future of Everything , Casey and Vigna delve into why blockchain is so important and how it could shift balances of power. We realized that there was a deeper conversation to be had just around why decentralized recordkeeping, which is what the blockchain is, has such importance, Casey, who is also a senior advisor for the Digital Currency Initiative at MITs Media Lab, said. In a recent interview, Casey discussed blockchain's potential applications and where he sees the technology going in the future. The truth we're talking about is one we take for granted: the consensus of facts. This goes back to the idea that human beings have bu Continue reading >>

Blockchain.mit.edu

Blockchain.mit.edu

MIT NewS: "Bitcoin study: Period of exclusivity encourages early adopters" "Giving early adopters the first access to new technologies can help diffuse those technologies among the masses. A notable example is Googles rollout of Gmail: In 2004, about 1,000 select users were given exclusive access and told to invite others. This campaign was so successful that..." by Christian Catalini (MIT Sloan) and Catherine Tucker (MIT Sloan) In October 2014, all 4,494 undergraduates at the Massachusetts Institute of Technology were given access to Bitcoin, a decentralized digital currency. As a unique feature of the experiment, students who would generally adopt first were placed in a situation where many of their peers received access to the technology before them, and they then had to decide whether to continue to invest in this digital currency or exit. Our results suggest that when natural early adopters are delayed relative to their peers, they are more likely to reject the technology. We present further evidence that this appears to be driven by identity, in that the effect occurs in situations where natural early adopters' delay relative to others is most visible, and in settings where the natural early adopters would have been somewhat unique in their tech-savvy status. We then show not only that natural early adopters are more likely to reject the technology if they are delayed, but that this rejection generates spillovers on adoption by their peers who are not natural early adopters. This suggests that small changes in the initial availability of a technology have a lasting effect on its potential: Seeding a technology while ignoring early adopters' needs for distinctiveness is counterproductive. by Christian Catalini (MIT Sloan) and Joshua S. Gans (University of Toronto) Continue reading >>

Blockchain & Bitcoin Workshop

Blockchain & Bitcoin Workshop

With the fast-paced development and growth in both the Blockchain and Bitcoin, public interest is exploding. Weve seen it firsthand with the overwhelming interest in our past events covering Blockchain . These programs highlighted the diverse applications of this groundbreaking technology from digital currencies to supply chain to digital rights management in music. We believe that Blockchain will have a major impact across many industries. But, for entrepreneurs looking to identify new opportunities, or professionals trying to vet new partners for outsourcing, find efficiencies in internal processes, or track existential threats, theres a definite need to build a solid understanding of how Blockchain technology actually works. This series of workshops offers entrepreneurs, senior managers & executives and the Blockchain-curiousin finance and non-financean opportunity to ramp up their foundational knowledge of Blockchain technology and to dive into the various use-cases/applications. What types of solutions Blockchain & related technologies offer How to identify partners and/or competitors in the space Extra von NotHaus , MBA, MSF, Co-developer and Co-teacher of the Fintech: Disrupting the Finance & Insurance Services Industries, the first graduate-level course on Fintech and Blockchains for the DAmore-McKim School of Business at Northeastern University. This workshop has also been developed with Hugo Benedetti, a Ph.D candidate focusing on cryptocurrencies at Boston College and Dr. Steven R. Kursh , Ph.D, CSDP, CLP, Executive Professor of Finance at DAmore-McKim School of Business at Northeastern University, who co-taught the Fintech course with Mr. von NotHaus. Session 1: Blockchain Basics 1 Tuesday, March 6, MIT Tang Center, E51-145, 70 Memorial Drive, Cambridge Blo Continue reading >>

Mit-founded Startup Raises $20 Million For Supply Chain Blockchain

Mit-founded Startup Raises $20 Million For Supply Chain Blockchain

MIT-Founded Startup Raises $20 Million for Supply Chain Blockchain Mar 16, 2018 at 11:00 UTC|UpdatedMar 18, 2018 at 10:20 UTC Eximchain, a supply-chain focused blockchain startup founded in 2015, has raised $20 million from a group of investors. Founded at the Massachusetts Institute of Technology's media lab, the startup raised the funds to continue developing its own public blockchain - powered by private smart contracts - to provide different solutions for recording, transacting and distributing data for supply chain stakeholders. The funding was led by FBG Capital, a major cryptocurrency hedge fund from China. Other participants included INBlockchain, a blockchain capital firm founded by Li Xiaolai (a Chinese cryptocurrency activist) and Hong Kong-based investment firm Kenetic Capital. Eximchain said it's now moving toward a token airdrop, which will see around 1.5 million ERC20-based EXC tokens distributed to ID-verified participants. EXC, according to the company, can be further converted to native tokens on Eximchain's own blockchain upon the launch of its main blockchain. "After experimenting [with proofs of concept] on ethereum or private blockchains, the enterprise world is looking for technical solutions that can be deployed immediately to solve real supply chain problems", said Hope Liu, co-founder and CEO of Eximchain, in a statement. The funding round makes the firm the latest to join the increasingly popular trend of issuing airdrops - via which firms distribute tokens for free to interested parties, instead of holding token sales or initial coin offerings. Freight containers image via Shutterstock The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies Continue reading >>

Mit Applied Blockchain: Building A Blockchain Project From Ground Zero

Mit Applied Blockchain: Building A Blockchain Project From Ground Zero

Building a Blockchain Project from Ground Zero, A Multi-Part Deep Dive Blockchain is the technology that has been called the new internet and ICO funding has reached $2.8 billion worldwide in 2017, far surpassing early-stage venture funding. There is plenty of buzz around this topic but what type of project is blockchain suitable for? How does one get from an idea to a demo-able product? This series addresses these questions with insight from leading experts in this fast-changing space, culminating in the chance to pitch at the annual MIT AI conference held in April 2018. 4 in-person sessions in SF with experts on key topics to build a blockchain project - investors/founders, legal implications, tech, marketing/partnerships. Unlike some of our larger events where over 500 people were in attendance, we are capping registration to facilitate building projects and meaningful interaction. FREE (if current student) or 75% off annual subscription to Blockgeeks, an online learning platform for blockchain and how to code blockchain - a $399.99 value. Subscription includes on-demand video courses, Code Challenge Engine, support forums, webinars, progress reporting, help with job placement, personal success team, and more. Smart Contracts 101 Code Lab run by Oakland Blockchain Developers, who will also help with coding questions in Slack. Direction to other resources for learning about blockchain and how to program for blockchain. Access to bonus webinars with experts not located in the SF Bay. Access to on-demand professional video of the sessions (dont worry if you have to miss a session!) Chance to pitch at the annual MIT AI conference. In a decentralized world, we realize not everyone has the capability to attend in-person sessions in San Francisco. Therefore, we offer a vid Continue reading >>

Mit Technology Review Presents: The Business Of Blockchain

Mit Technology Review Presents: The Business Of Blockchain

BlockchainYou've heard the term, now understand the impact. Digital technologies let people whove never met do business across borders and continents in an instant. But how can they trust one another without relying on bureaucracy and middlemen? How can security, identity, and ownership be guaranteed while still operating at the speed of the Internet? Blockchains, or distributed ledgers, may provide the answer. Companies, researchers, and governments are exploring how blockchains can secure trust without the need for middlemen or third parties. Leaders in a wide range of industries around the world are seeking to understand how distributed ledgers can help them operate more efficiently. MIT Technology Review in collaboration with MIT Media Lab Digital Currency Initiative invite you to Business of Blockchain , a one-day conference examining the technology, ethics, and impact of blockchains. Learn about the technology to gain business advantage Separate fact from hype, and whats imminent from whats far off Continue reading >>

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