Ontology to Open Research Institute

Dean of the institute is senior blockchain and cryptography expert Dr. Mao Xianping 
08 November 2018   169

Popular cryptocurrency project Ontology announced the launch of a new research initiative called the Ontology Research Institute.

The purpose of the research institute is to work with the basic elements of the blockchain technology and to find opportunities for the discovery and application of developing technologies, as well as to have a positive impact on the development of the entire industry.

Currently, the staff of the Ontology Institute are more than 10 people. The initiative was headed by Mao Xianping, who holds a doctorate in cryptography from the University of Shanghai Jao Tong.

Dr. Mao holds a PhD in Cryptography from Shanghai Jiao Tong University. He is committed to innovation and application research of blockchain underlying technology and cryptography, and has a deep understanding of blockchain consensus mechanisms, blockchain privacy protection, and data security. Mao has been in well-known international journals in the field of cryptography and has published more than ten related academic papers for conferences.
 

Ontology Press Release

Ontology notes that the new research institute will become a link with the technical community that has emerged in its ecosystem and scientific institutions, and will also play an important role in enhancing the technological value of the company's product.

In the future, Ontology Research Institute will focus on the following areas:

  • Exploring the next generation of the blockchain architecture to build more secure and scalable systems, including sharding and multi-chain support;
  • Exploration of the platform for the practical use of the blockchain, which will be characterized by ease of use, privacy and controllability, and support technologies such as zero-disclosure evidence, secure multilateral computing, and a trusted runtime environment;
  • Providing reliable technical support for building distributed trust ecosystems, including multidimensional identification systems, data exchange systems and credit rating systems.

Currently, Ontology is the 28th largest cryptocurrency with a capitalization of $ 344 million. Over the last month, the ONT has shown a moderate decline and is trading at $ 1.67 at the time of publication.

Accenture to File New Blockchain Patent

Technology, developed by the team, seeks to improve blockchain's security and stability
08 August 2018   379

Accenture, which works in the field of consulting and professional services, filed a patent application describing the technology of "Hardware blockchain accleration", designed to accelerate and improve the security of transactions in the blockchain using patented equipment. This is reported by CCN.

According to Accenture, this technology is necessary in connection with the new security threats that have emerged due to the rapid development of communication and electronic technologies. The patent application states that this technology provides safe and efficient execution of complex transactions not only between software processes and hardware systems, but also between people.

Accenture says its invention improves the security and scalability of the blockchain due to the fact that the encryption and decryption of data is carried out not only in hardware but also programmatically, so that the technology is not limited to either way.

As a result, the implementation shown … has increased security and scalability as compared to, for example, software only based security systems. For example, all or parts of the implementations may be circuitry that includes an instruction processor, such as a Central Processing Unit (CPU), microcontroller, or a microprocessor; or as an Application Specific Integrated Circuit (ASIC), Programmable Logic Device (PLD), or Field Programmable Gate Array (FPGA); or as circuitry that includes discrete logic or other circuit components, including analog circuit components, digital circuit components or both; or any combination thereof.
 

Accenture Patent Application

Instructions for performing tasks can be stored on various media, including flash memory, magnetic and optical disks like hard disks, CD-ROMs, as well as EPROM, ROM and RAM.

Earlier, the company developed a blocking prototype, which allows administrators to edit, rewrite and even delete blocks from closed blockchains. Then one of the leaders of Accenture, Richard Lamb, said that the absolute immutability of the block could not suit financial institutions like banks.