Blockchain is among the most exciting recent developments in computer science. While it has served the basis of the Bitcoin currency, it has significantly more potential because its also distributed database which is crypto-locked and has the potential to offer trust, security, and smart contracts to a new generation of internet applications.
However, in its current state, there are still technical and policy challenges yet to be resolved before its full potential can be realized. The Blockchain lab at SCET is working to establish new emerging sectors through applied research into the following problems and projects.
- Creation of truly mobile blockchain applications
- Scalability of the blockchain itself in terms of both number of nodes and transaction speed
- Ability for broader smart contract creation and execution
- Policy and regulatory issues in blockchain