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Primeur weekly 2018-04-03

Quantum computing

Putting quantum scientists in the driver's seat ...

Focus on Europe

Tuesday and Wednesday keynotes announced for ISC 2018 ...

PRACE SHAPE 7th Call for Applications opens from 3 April to 1 June 2018 ...

Cray commissioned to deliver FPGA-accelerated supercomputer to Paderborn University ...

Developing the technology for future smart cities and autonomous cars ...

Philips Research-led big data consortium receives EU funding to improve healthcare outcomes ...

Middleware

Bright partners with Bechtle to offer infrastructure management solutions to French customer base ...

The Linux Foundation and open source community members launch LF Deep Learning to drive open source growth in AI ...

Hardware

NVIDIA boosts world's leading deep learning computing platform, bringing 10x performance gain in six months ...

NVIDIA expands its deep learning inference capabilities for hyperscale data centres ...

DDN Storage announces groundbreaking 33GB/s performance to NVIDIA DGX servers to accelerate machine learning and AI initiatives ...

DDN and SQream partner to deliver the world's fastest Big Data analytics and enterprise business intelligence acceleration at massive scale ...

DDN Storage helps Standard Cognition revolutionize the consumer shopping experience with fully autonomous check-out ...

Supermicro's new scale-up artificial intelligence and machine learning systems with 8 NVIDIA Tesla V100 with NVLink GPUs deliver superior performance and system density ...

NVIDIA reinvents the workstation with real-time ray tracing ...

Penguin Computing receives Americas 2017 NVIDIA Partner Network High Performance Computing Partner of the Year Award ...

Molecular basis of neural memory - reviewing 'neuro-mimetic' technologies ...

Asperitas and Boston announce Immersed Computing partnership ...

NVIDIA and Arm partner to bring deep learning to billions of IoT devices ...

Applications

ANSYS to acquire optical simulation leader OPTIS ...

NCSA's Donna Cox wins 2018 Innovation Transfer Award ...

The future of photonics using quantum dots ...

Chemical synthesis with artificial intelligence: Researchers develop new computer method ...

Hong Kong Polytechnic University and Australian partners jointly launch impactful research on blockchain technologies ...

New Cray artificial intelligence offerings designed to accelerate customers' AI from pilot to production ...

Overcoming a battery's fatal flaw ...

The Cloud

DDN named Data Centre Platform partner of the year at Intel Technology Partner Awards, recognizing its market leadership at scale ...

Oracle redefines the Cloud database category with world's first autonomous database ...

The Linux Foundation announces expanded industry commitment to Akraino Edge Stack ...

OpenContrail is now "Tungsten Fabric" and completes move to The Linux Foundation ...

Hong Kong Polytechnic University and Australian partners jointly launch impactful research on blockchain technologies


Dr. Henry Chan (left), Associate Head and Dr. Allen Au (right), Assistant Professor of PolyU's Department of Computing. Credit: The Hong Kong Polytechnic University.
27 Mar 2018 Hong Kong - The Hong Kong Polytechnic University (PolyU) joins forces with Monash University and CollinStar Capital - a Melbourne-based institution and a FinTech expert in Australia - to establish the first university-industry joint research laboratory on blockchain and cryptocurrency technologies in Hong Kong. Research under the three-year multi-million-dollar collaboration is expected to significantly enhance the efficiency, privacy protection and security of blockchain technologies for standing against attacks from powerful quantum computing.

Blockchain, a technology that underpins cryptocurrencies, has substantial potential to transform financial industry and other businesses across the world. Advances and applications of blockchain technology is therefore particularly relevant to Hong Kong, which has a large financial sector (18% of Gross Domestic Product; 6% of employment), coupled with government's determination in developing Hong Kong into a FinTech hub of the region, leveraging especially on the latest Guangdong-Hong Kong-Macau Greater Bay Area initiatives. Moreover, blockchain technology can also be applied beyond e-trading to various domains such as healthcare, logistics, governance and identity management, thus bringing transformative effects on society as a whole.

Officiating at the opening ceremony of the Joint Laboratory on 26 Mach, Dr. David Chung, Under Secretary for Innovation and Technology, stated: "The advancement of Hong Kong as a leading blockchain development centre requires concerted efforts from the industry, academia and the Government. Positioning itself as the leading research and technology advancement centre in Asia-Pacific in the focused areas of blockchain and cryptocurrency, I am confident that the joint laboratory will help foster the development of these technologies in Hong Kong."

Ir. Professor Alex Wai, Vice President ofResearch Development at PolyU, said the University is in the leading role of blockchain and cryptocurrency research in the Greater Bay Area. "By joining hands with Monash University and Collinstar Capital, we will continue to drive the advancement in blockchain ecosystem. Through this collaboration, PolyU is devoted in making the cyberspace safer, more convenient and effective for business and financial services. We believe this collaboration will make influential change to the way of business and our living in the future."

Blockchain technology builds an open distributed ledger through a peer-to-peer network, where digital information is recorded as block, linked in chain, and secured by cryptography, with user identity being protected. Since digital records are verified by every node (computer user) in the network, any inconsistency appears in the blocks will be detected, hence data modification is inherently impossible. The innovative features, which enable comprehensive, effective and inalterable record, make blockchain a highly desirable tool for financial transactions, identity management, and complicated logistics process management such as tracking of goods, food, drugs, etc.

Despite enormous development prospect, blockchain technology has been facing rising challenges in privacy leakage, control against misuses, hacking security threats, etc. The challenges will accelerate in leaps and bounds, in face of attacks by powerful quantum computers, which may become sophisticated for real application within a decade.

PolyU's research team led by Dr. Allen Au, Assistant Professor of Department of Computing, will work on enhancing the efficiency of blockchain technology while addressing two key areas of concerns: privacy and security.

Dr. Au said the team will enhance technologies such as Linkable Ring Signatures system and Zero-knowledge Proof system, which enable efficient proving of the validity of online transactions without leaking private information, such as user identity, transaction amount and account balance. They will also develop protection systems that can be operated on today's computers, yet secured against attacks from quantum computers.

To enhance accountability measures against misuse of cryptocurrency, e.g. money laundering, ransom payment request, while still safeguarding anonymity and authenticity, the team will also develop mechanisms for introducing measures such as setting spending/transfer limit, revealing identity under court order, suspending accounts involved in suspicious transactions, etc. Yet, the extent of striking balance between "accountability" and "privacy protection" will be matters to be agreed among the parties concerned. These measures are also applicable to other types of blockchain operations and transactions beyond cryptocurrencies.

Source: The Hong Kong Polytechnic University

Back to Table of contents

Primeur weekly 2018-04-03

Quantum computing

Putting quantum scientists in the driver's seat ...

Focus on Europe

Tuesday and Wednesday keynotes announced for ISC 2018 ...

PRACE SHAPE 7th Call for Applications opens from 3 April to 1 June 2018 ...

Cray commissioned to deliver FPGA-accelerated supercomputer to Paderborn University ...

Developing the technology for future smart cities and autonomous cars ...

Philips Research-led big data consortium receives EU funding to improve healthcare outcomes ...

Middleware

Bright partners with Bechtle to offer infrastructure management solutions to French customer base ...

The Linux Foundation and open source community members launch LF Deep Learning to drive open source growth in AI ...

Hardware

NVIDIA boosts world's leading deep learning computing platform, bringing 10x performance gain in six months ...

NVIDIA expands its deep learning inference capabilities for hyperscale data centres ...

DDN Storage announces groundbreaking 33GB/s performance to NVIDIA DGX servers to accelerate machine learning and AI initiatives ...

DDN and SQream partner to deliver the world's fastest Big Data analytics and enterprise business intelligence acceleration at massive scale ...

DDN Storage helps Standard Cognition revolutionize the consumer shopping experience with fully autonomous check-out ...

Supermicro's new scale-up artificial intelligence and machine learning systems with 8 NVIDIA Tesla V100 with NVLink GPUs deliver superior performance and system density ...

NVIDIA reinvents the workstation with real-time ray tracing ...

Penguin Computing receives Americas 2017 NVIDIA Partner Network High Performance Computing Partner of the Year Award ...

Molecular basis of neural memory - reviewing 'neuro-mimetic' technologies ...

Asperitas and Boston announce Immersed Computing partnership ...

NVIDIA and Arm partner to bring deep learning to billions of IoT devices ...

Applications

ANSYS to acquire optical simulation leader OPTIS ...

NCSA's Donna Cox wins 2018 Innovation Transfer Award ...

The future of photonics using quantum dots ...

Chemical synthesis with artificial intelligence: Researchers develop new computer method ...

Hong Kong Polytechnic University and Australian partners jointly launch impactful research on blockchain technologies ...

New Cray artificial intelligence offerings designed to accelerate customers' AI from pilot to production ...

Overcoming a battery's fatal flaw ...

The Cloud

DDN named Data Centre Platform partner of the year at Intel Technology Partner Awards, recognizing its market leadership at scale ...

Oracle redefines the Cloud database category with world's first autonomous database ...

The Linux Foundation announces expanded industry commitment to Akraino Edge Stack ...

OpenContrail is now "Tungsten Fabric" and completes move to The Linux Foundation ...