Blockchain can prevent illegal nuclear trade?

Harvard College scientist believes that blockchain technology is a perfect way to control nuclear export
22 October 2017   699

As Aaron Arnold, A Harvard Kennedy School researcher and an associate of the Project on Managing the Atom, states in his writing "Blockchain: A new aid to nuclear export controls?" there is a huge problem of unclear sanctions towards international nuclear trade, export and supplies which can be resolved by blockchain. 

He presumes that blockchain technology of smart contracts can be very useful for audit and to create well-protected, international logistical orders regarding nuclear resources and to protect them from unauthorized access.

Coalitions, like the Nuclear Suppliers Group, should start thinking now about blockchain and its implications for supply-side controls. This includes developing a firm understanding of the relationships between public and private sector implementations of blockchain, and the consequences for controlling nuclear and dual-use goods and technologies.
 

Aaron Arnold

Researcher, Harvard Kennedy School 

In future, blockchain technology can become a perfect solution to the issue of falsification and a source of preventing fraud as there will be no difficulty to trace the source of nuclear supplies.

DFINITY to Postpone Internet Computer Launch

The project is currently assessing the time frame for the completion of the MVP
14 December 2018   88

The blockchain project Dfinity reported in its blog postponing the launch of its main product.

Previously, Dfinity chief scientist Dominic Williams said that his company intends to create an “Internet computer that will become cloud 3.0”, compete with Google Cloud and Microsoft Azure, and also change the face of the blockchain industry.

According to him, the project team is developing a technology that has 150 higher performance than Ethereum blockchain and 900 times - Bitcoin. In essence, the project creates a “giant Internet computer”, whose work will be supported not by one company, but by all participants of the Dfinity protocol.

Initially, the release of a minimum viable product (MVP) was planned for the first quarter of 2019. However, according to company representatives, working on a trimmed version may slow down progress in creating a complete product.

The project is currently assessing the time frame for the completion of the MVP. Also, noted in Dfinity, before the end of the first quarter a new set of development tools (SDK) will be released, which will shed light on the future plans of the company.

In August, the Dfinity Foundation attracted $ 102 million of investments in the framework of a closed tokensale. Prior to this, at the beginning of the year, the Dfinity Foundation raised $ 61 million from Andreessen Horowitz and Polychain Capital.