Join Our Mailing List
Sunday February 05, 2023
Bitcoin (BTC) $23,280.24   Ethereum (ETH) $1,662.74
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Blockchain Technology

Concordium and Aarhus University launch blockchain research center

The Concordium Foundation has announced initial funding of approximately 10 million DKK (about 1.5 million USD) per year for the Concordium Blockchain Research Center for the first five years...

Published by CryptoNinjas.net
02/01/2019
Concordium and Aarhus University launch blockchain research center

Concordium Foundation, the Swiss non-profit behind the Concordium Blockchain Network, announced today the establishment of the Concordium Blockchain Research Center, in partnership with Aarhus University’s Department of Computer Science. The Center’s mission is to provide the foundational research to support the development of energy-efficient, scalable blockchains that are provably secure. The initial grant is 50 million DKK, or about 7.5 million USD, over a five-year period.

The first blockchains that followed Bitcoin were focused on trying to make their systems operational, rather than worrying about efficiency and security. This strategy made sense during the early exploratory phase of the blockchain space, but many early iterations were slow and insecure due to poor design. Often, these problems were built into the fabric of the blockchains and could not be fixed later.

The Concordium Blockchain Research Center’s goal is to build on decades’ worth of research to create new blockchain technologies. The center will focus on areas such as consensus protocol efficiency, sharding, and state-flattening, as well as new cryptographic techniques supporting privacy-preserving identification, KYC and AML, better zero-knowledge techniques, and formal verification of smart contracts.

“Aarhus University and the Concordium Blockchain Network have both developed special expertise in blockchain technology and the foundational theory behind it. Both parties wish to expand their knowledge in this area through research projects,” said Lars Seier Christensen, Chairman of the Concordium Foundation. “The knowledge generated by the Concordium Blockchain Research Center will be freely available to the public. For Concordium, the aim is to enable business entities to deploy a public blockchain safely, legally, and efficiently.”

“The foundation of the blockchain revolution has so far largely been built on sand. The next generation of blockchain will have to be built on science to ensure a solid foundation of the space,” said Professor Jesper Buus Nielsen, leader of the Concordium Blockchain Research Center. “At Aarhus University, we have several research groups that are world-leading in the techniques that are needed to lay this foundation. They’ve gained this reputation through decades of curiosity-driven, foundational research. Our team is uniquely qualified to broadly attack the challenges standing in the way of a blockchain revolution. It would be almost criminal not to step up to the plate.”

“Denmark is at the forefront of digitalization providing companies and researchers a solid foundation for taking full advantage of the opportunities new technologies present,” said Anders Samuelsen, Denmark’s Minister of Foreign Affairs. “With an investment of this scale in the world-class computer science team at Aarhus University, Concordium brings together technological development with commercial opportunities to the future benefit of society. It confirms the attractiveness of Denmark as a premier destination for technology development.”

The Concordium Foundation has announced initial funding of approximately 10 million DKK (about 1.5 million USD) per year for the Concordium Blockchain Research Center for the first five years. In addition to its seven principal investigators, the center has hired four Ph.D. students and four postdoctoral researchers for 2019.

11
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Privacy blockchain Concordium raises $15M in token sale and completes MVP testnet

03/09/2021
Privacy blockchain Concordium raises $15M in token sale and completes MVP testnet

Privacy-centric blockchain Concordium, today announced it has finalized its MVP testnet and concluded a private sale of tokens to fund further development. The company secured $15 million in additional funding for its public and...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
6 Best Cloud Mining Platform In 2022

6 Best Cloud Mining Platform In 2022

11/20/2022
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy