High University Staff Sites Third in Barclays Blockchain Problem Event


If knowledge how dispersed ledger tech works within banking companies is advanced, discovering methods to make different varieties of company blockchains chat to each individual other is a doozy of a problem.

And still, which is specifically what a crew of large university college students – shortly to sit their A-Stage exams in laptop or computer science – has carried out. The crew, from Bedford University in the U.K., won third area in a blockchain interoperability hackathon hosted by London-centered blockchain startup Clearmatics at the Barclays Rise fintech hub in London.

The problem set by Clearmatics, which is at the rear of tasks these as the Utility Settlement Coin banking consortium, was to use the company’s Ion interoperability protocol to get two blockchains (these as Hyperledger Material and ethereum) to trade information, verify transactions and so forth.

The crew of laptop or computer science college students were being up against groups of blockchain professionals from banking companies like Santander and Barclays as perfectly as seasoned startups these as Net3j and Adhara. In a way, the get underscored the numerous stage of curiosity in the know-how as perfectly as the generational evolution having area with new entrants in the ecosystem, so to talk. 

Dr. David Wild, head of laptop or computer science at Bedford University, stated the crew understood nothing at all about company blockchain know-how just two times right before the celebration.

Drawing on his earlier knowledge doing the job with instructional application, the trainer recommended a intelligent agreement design and style to share test success among faculties, test boards and university admissions bodies, which would do so in a significantly less fragmented and interoperable fashion. The college students agreed on the pitch and among them created a doing the job solution utilizing the Ion framework.

Wild stated coming to the blockchain interoperability problem with a naive point of check out turned out to be refreshing and helpful, introducing,

“If you are writing a piece of application say, you want any individual who is naive to use it because they are likely to use it in the methods that you would not envision.”

Accepting the prize, a single of the college students stated the crew managed some of the steep studying curve coming to and from the two-day celebration.

“We discovered quite a large amount about Solidity and intelligent contracts on the coach,” they instructed Bit-coinTalk. 

Image courtesy of Bedford University

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