LQ placeholderThe future of blockchain

The future of blockchain

Scientists and businessmen discuss the use of blockchain technologies across cryptocurrencies, commerce and the analysis of private data.

Late Night at London Institute

Late Night at London Institute is a series of meetings at which junior scientists get to know each other and discuss a particular research theme in the evening. They start at 6 o’clock with drinks, followed by 15-minute talks and further drinks and discussion into the night.

A blockchain is a way to store a list of records that grows in time in a way that is difficult to falsify. The main idea is that each new record, along with its parent record’s codeword, is translated into a new codeword. Because it is infeasible to decipher a codeword, a record can’t be changed without changing all of the records that have descended from it. In cryptocurrencies based on blockchain, transactions are validated through a process called mining, which is incentivized with rewards to reduce transaction costs. Cryptocurrencies are the best-known applications of blockchain, but are there other uses for commerce and private data that could be just as transformative?

In this event, cryptographer and hedge fund manager Robert Sams talks about cryptocurrency stabilization; Simone Bronzini, co-founder of the blockchain company Chainside, discusses a threat model of blockchain applications; and physicist Andrea Baronchelli from London City University talks about modelling the cryptocurrency market. After the talks there is a general discussion on using blockchain technology for the public good.

Late Night at London Institute

Late Night at London Institute is a series of meetings at which junior scientists get to know each other and discuss a particular research theme in the evening. They start at 6 o’clock with drinks, followed by 15-minute talks and further drinks and discussion into the night.