Blockchain Research Center Established By University College Oxford

Announcements, Blockchain, News | September 3, 2018 By:

University College Oxford (Univ) has established a new research facility for blockchain technology.

Univ is a constituent college of the University of Oxford in England. It has a claim to being the oldest college of the university, having been founded in 1249 by William of Durham. Univ is associated with a number of influential people. Notable alumni include Bill Clinton, Clement Attlee, Neil Gorsuch, Stephen Hawking, C. S. Lewis, V. S. Naipaul and Percy Bysshe Shelley.

The new faciity, called “Research Centre for Blockchain,” will research economic, business, technological and legal aspects of blockchain. The center will be headed by Univ’s Fellow Professor Bill Roscoe, who has a background of over 30 years in concurrency, automated verification, applied cryptography and payment protocols. Roscoe will be joined by a group of leading experts in similar areas.

Roscoe and his team will work with several leading institutions around the world to vastly improve the efficiency of blockchain mining and trust models, to build new models of privacy and escrow in the blockchain, and to create models of fair exchange to support secure blockchain-based exchanges.

“The new centre focuses on bringing the blockchain to the mainstream,” Roscoe said. “This vision will be achieved by using green mining technology and embracing regulation through appropriate Know Your Client (KYC) guidelines.”

According to the release, the group has already 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.

Last month, a similar initiative was launched by the Ateneo de Manila University, the third-oldest university in the Philippines. The university signed an agreement with MediXserve to create a blockchain laboratory to support the introduction of blockchain technologies in developing countries.