Intel Joins the Blockchain Technology Race, Forms Special Research Group
Last week Bitcoin Magazine reported that IBM is considering adopting the blockchain technology behind Bitcoin to create a digital cash and payment system for government and central banks. Now another technology giant is joining the digital fintech technology race: Intel is planning to investigate the potential of blockchain technology. Intel has posted a....
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California-based semiconductor manufacturer Intel appears to be dipping its toe in the digital currency space, following a bitcoin-related job posting. The multinational company is looking for a cryptographic researcher to join its Special Innovation Projects Group, part of its in-house research organisation, Intel Labs. An advertisement posted on job site Indeed notes the chosen candidate will be required to "investigate hardware and software capabilities that advance the performance, robustness, and scalability of open, decentralised ledgers". It continues: "Working with a team of....
Intel, the largest chip-maker in the world, is looking to trusted execution environments on its hardware chips to enhance security and privacy for blockchain users. Speaking at the Tomorrow’s Transactions conference in London this week, Kelly Olson, director of the distributed ledger technology group at Intel, discussed ways it is possible to use a "secure enclave", similar to what Apple uses for its Touch ID, to increase blockchain security. Olson's group is conducting research on large-scale deployments of blockchains that could scale to several tens of thousands or....
UBS has donated the code for a blockchain-based trading platform to a nonprofit group funding research into a cure for HIV/AIDS. The HEAL Alliance, a nonprofit group focused on supporting HIV research, plans to use UBS's code as part of a platform being developed by London-based financial tech startup Finclusion Systems, with the goal being to ultimately raise money using the technology. The UBS Innovation Lab is one of the backers of the initiative alongside Microsoft, Intel, and the University of California San Francisco Gladstone Institute of Virology and Immunology Center for AIDS....
Intel ’s play to get into the bitcoin mining market might end up being the story of the year. In a post titled “Blockchain and the New Custom Compute Group,” Raja Koduri reveals a little of the company’s playbook. At Intel, he’s the senior vice president and general manager of the Accelerated Computing Systems and Graphics Group. Related Reading | Jack Dorsey’s Block To Democratize Bitcoin Mining With Open Source Mining System In the article, Koduri says, “we are focusing our efforts on realizing the full potential of blockchain by developing the most energy-efficient computing....
A group of 8 banks from the R3 blockchain consortium have successfully tested a blockchain prototype developed by Intel by simulating bond transactions. Picking US treasury bonds as the instrument, New York-based private blockchain startup R3 and eight of its member banks from its larger consortium put to test a technology developed by Intel, called ‘Sawtooth Lake.’ The prototype was an implementation of said technology, which is Intel’s proprietary blockchain platform. The simulation took place on a ledger supported by physical nodes that were non-cloud-based, as specified by R3. The....