Blockchain Weekly Recap 10-1-2016
Stanford Blockchain Conference Announced
An announcement on Stanford University’s website has revealed that the university will be hosting a conference called Blockchain Protocol Analysis and Security Engineering 2017 on January 26-27, 2017. The stated goal for the conference will be the development of a better understanding of blockchain protocols’ systemic risk and security concerns. The conference hosts have asked for document submission to be provided in paper or slide form. Submissions should focus on technical matters related to the blockchain’s ethical, legal, and policy-based considerations surrounding cryptocurrency security, the technology’s limitations, protocol testing, systemic risks, and security risks involved in the technology’s interaction with other emerging technologies like AI and the Internet of Things.
Wanxiang’s Smart City Turns to Blockchain
Chinese car maker Wanxiang is reportedly looking to blockchain technology to manage the Internet of Things upon which its new $30 billion smart city will rely. The smart city project will be centered in Hangzhou, China. The company’s headquarters are located there, and Wanxiang has already announced that it will be buying a total of 83 million square feet of property for the effort. The company is also consulting with both IBM and Microsoft as it works toward integration of its smart city concept and blockchain technology. Some have already suggested that the company would use the blockchain for everything from the management and verification of the immense amounts of data generated by the IoT to the enforcement of things like property rights.
JP Morgan Building Its Own Blockchain
According to recent reports, JP Morgan is developing its own private Ethereum-based blockchain. The company’s Quorum project is a Go Ethereum fork that can reportedly handle transactions at a rate of hundred each second. Those reports also suggest that it is designed for greater privacy in areas like smart contracts, with validation limited to those parties with an actual interest in the contract. Quorum is the result of a joint development effort between JP Morgan and Jeffrey Wilcke’s EthLab.
Congressional Blockchain Caucus Formed in House
Congress has long been the home to a variety of different caucuses – as members with similar legislative goals often form coalitions to advance their agendas. Many Americans have heard of these groups over the years, from the Democrats’ Blue Dog Coalition and Congressional Black Caucus to the Republican Study Committee and Freedom Caucus. This week, a new caucus was formed, and it’s focused on blockchain technology: The Congressional Blockchain Caucus. The formation of the new caucus was announced by its founding members, South Carolina Republican Representative Mick Mulvaney and Colorado Democrat Jared Polis.
The bipartisan caucus has as its goals the promotion of legislation and policies designed to encourage blockchain apps and digital currency technology. Mulvaney and Polis are encouraging other legislators to join them in the caucus to help them move proposals forward to create the type of environment necessary for the United States to remain competitive in this fast-growing tech marketplace. If the caucus were to grow in membership and stature, it could provide a positive forum for the development of a more unified national approach to crypto technology.