The University College Oxford has launched a blockchain research center to look for ways to solve some of the challenges posed by blockchain.
The University College Oxford, also known as Univ and the oldest College at Oxford University, announced the launch of a Research Center for Blockchain research under the helm of its Fellow Professor Bill Roscoe FREng.
The center aims to bring the nascent technology to the mainstream, said Isaac Livne, chief management officer of Quionblock in an email.
In the announcement, Roscoe states that:
“The new center focuses on bringing the blockchain to the mainstream. This vision will be achieved by using green mining technology and embracing regulation through appropriate Know Your Client (KYC) guidelines.”
Roscoe started teaching at the Univ in 1975 before being appointed as a Fellow in 1983 and became a full professor in 1997. He held several important leadership positions at Oxford University including as the chief of the University’s Computer Science Department from 2003 to 2014.
He is joined by a group of leading experts in the fields of technology and blockchain in the research center. Their primary task is to work closely to look for ways to improve the efficiency of blockchain mining and trust models, as well as to build new models of privacy and escrow in the technology. The center will also create standards of fair exchange to support a safe blockchain-enabled exchange.
This early, the group has developed new ways to solve the cryptographic challenge that is posed by blockchains, which is to create long-term stable cryptography for a continually evolving industry.
Oxford is not the first university to establish a blockchain research center.
In the Philippines, the Ateneo de Manila University has inked an agreement with a with MediXserve to create a blockchain laboratory with the aim of solving poverty.
The 159-year-old Ateneo de Ateneo de Manila University and MediXServe signed a Memorandum of Agreement (MoA) to build Ateneo MediXserve Blockchain Education and Research (AMBER) Laboratory to allow more people understand blockchain technology better.
In the US, the University of Arkansas has put up a blockchain research center to help the local economy and to encourage the adoption of cryptocurrency technology in the state.