NC State ISE Blockchain Lab
What is Blockchain?
A blockchain is a distributed database that maintains a dynamic list of records, secured against tampering and revision. The main hypothesis is that the blockchain establishes a system of creating a distributed consensus in the digital online world. This allows participating entities to know for certain that a digital event happened by creating an incorruptible record in a public ledger. It opens the door for developing an open and scalable digital economy from a centralized one. This technology and the people behind it have the potential to impact billions of people and become a crucial part of daily life. We seek to push the envelope on the development of this technology with rigorous research.
A Blockchain has Three Main Features:
- Veracity – multiple copies of the complete historical record of ledger entries are each verified by consensus. Bogus entries are identified and eliminated by failure to reach consensus.
- Transparency – it is a public record of activity that can be seen by all market participants.
- Disintermediation – it operates using a peer-to-peer network, rather than requiring a specific central organization.
The ISE Blockchain Lab is a research group at NC State University focusing on blockchain and simulation, blockchain for IoT and supply chain, blockchain for big data and AI, and its underlying technologies.