We are a non-profit lab. We openly share all our findings and refrain from patenting our technology. All our work is shared with the open source community.
Wide-spread acceptance requires a new form of governance: self-governance. This is challenging as even democracy is still a contested concept with a variety of norms.
Privacy is eroding. The Tor project addresses this issue and we are conducting trials with blockchain technology that rewards people who donate their bandwidth.
Delft University of Technology has numerous young, motivated and skilled students at phd, msc, and bsc level working in the Blockchain Lab.
Our research is fundamental, aimed at the development and evaluation of new generic blockchain concepts, and application-driven, motivated by important application areas, such as transaction processing, e-commerce, and logistics. Much of it is experimental, validating the proposed new concepts by means of implementation and deployment in prototypes that are used in the real world.
Associate professor, PI
Assistant Professor, Cryptography expert
Section head, Distributed systems
Dean of TPM at TU Delft, Ethics expert
Professor of Computational Social Science
Professor of Global Software Engineering
Despite the elegance and popularity of Bitcoin, it has a fundamental problem and is extremely wasteful. Today the default Bitcoin software is hard-limited to only 7 transactions per second globally. All current Bitcoin transactions could be handled by a single 100 Euro smartphone if creation of trust and global consensus did not require an extremely wasteful mechanism.
Shown above is our graph-based datastructure for next-generation blockchains. Cardinal design principles are that global operations do not scale, global persistent transaction broadcasts should be avoided, transactions spread to a subset of participants are still irrefutable, and each participant issues and maintains their own blockchain.
Our scalable approach is based on creating trust. It is inspired by traditional equity and bond issues in which the credit quality or probability of payback is essential. We automated the role of credit rating agencies for evaluating the credit quality of each issued individual blockchain.
Our scalable blockchain is based on tamper-proof secure timelines and graph-based data structure, instead of a blockchain used in Bitcoin. For the past 9 years we have focussed on the scalability of cybercurrency and efficient mechanisms for building trust. Our electronic currency design is scalable, prevents the double spending problem, supports offline payments between trusting parties, and does not require controlling servers, central authority or oversight. Key breakthrough of our ongoing work is a proof-of-work mechanism allows nodes to reach a secure, tamper-resistant consensus.
Multichain: A cybercurrency for cooperation
Scientific article of our trial in partnership with Wikipedia.org of 'Bandwidth as a Currency'.
Decentralized credit mining systems
A network science perspective of a distributed reputation mechanism (reputation-based approach against double spending)
an Entry-Guard-based Payment System for Tor
Towards a peer-to-peer bandwidth marketplace
Work accounting mechanisms: Theory and practice (joined work by TUDelft, Harvard, and Berkeley)
Operational Distributed Regulation for Bitcoin
Anonymous online purchases with exhaustive operational security
_ALL CODE_ is located on Github