Blockchain Research Center Created By Stanford University

Blockchain, News | June 22, 2018 By:

Stanford University has created a new research center to explore and better understand blockchain technology.

Founded in 1885, Stanford University, a private research university in Stanford, California, is known for its academic strength, wealth, proximity to Silicon Valley, and ranking as one of the world’s top-ten universities. Stanford University is particularly noted for its entrepreneurship and is one of the most successful universities in attracting funding for startups.

The new research center, called Center for Blockchain Research, is led by Dan Boneh and David Mazières, both professors of computer science at the university. The blockchain research center has received contributions from blockchain organizations, including The Ethereum Foundation, Protocol Labs, the Interchain Foundation, OmiseGO, DFINITY Stiftung and PolyChain Capital.

The Center for Blockchain Research will examine how blockchain technology can transform traditional business interactions and address blockchain’s practical, legal and societal challenges. In addition to research, the center will also create courses to help future students and working professionals use blockchain to develop financial instruments, protect intellectual property, manage vital records and more.

“Blockchains will become increasingly critical to doing business globally,” said Boneh, the Rajeev Motwani Professor in the School of Engineering, and an expert on cryptography and computer security. “Stanford should be at the forefront of efforts to improve, apply and understand the many ripple effects of this technology.”

The CS251 cryptocurrency and blockchain technology course, which will begin this fall, covers decentralized applications, consensus protocols, cryptography, and security used in different blockchain systems. The course is intended for advanced undergraduate Computer Science students as well as graduate students.

“This is a fascinating area of research with deep scientific questions,” said Boneh. “Once you get into the details you quickly realize that this area will generate many PhD theses across all of computer science and beyond.”

The center will also offer a free online cryptography course that will be open to the public. The course will provide an overview of cryptography and its correct use in real world systems.

“Blockchain massively lowers the barriers to creating tradeable, digital assets,” Mazières said. “It allows individuals who don’t know each other, or even trust one another, to make irreversible transactions in a whole variety of fields in a safe and secure way.”