Published October 25, 2016 | View complete press releases list |
Date: October 25, 2016
Categories: Financial Technology, retail, technology
Keywords: TUDelft, ABN AMRO, Blockchain
TU Delft is set to collaborate with ABN AMRO on the development of more complex blockchain applications. The aim is to deliver a secure, working application in just six months. In addition to developing the application, ABN AMRO staff will also attend courses on blockchain applications in the TU Delft Blockchain Lab.
Practical application
Arjan van Os, Head of the ABN AMRO Innovation Centre, describes the situation. “We are delighted to be able to work with an expert partner like TU Delft. This offers us an excellent opportunity to expand our knowledge and gain a deeper understanding of the ways in which blockchain applications can be used. The fact that it is being approached from a scientific perspective makes it especially interesting.”
Blockchain Lab @TU Delft
The application will be based on previous work done at TU Delft on blockchain technology, which was recently amalgamated within the Blockchain Lab. TU Delft has been working on blockchain since 2007, when the specialism was still known as distributed accounting systems.
The research at TU Delft focuses on practical applications: developing next-generation blockchain technology that can deal reliably and appropriately with large amounts of data and large numbers of users.
All of the code developed will be open source. During this phase, dummy data will be used exclusively, rather than data from bank customers.
Re-disseminated by The Asian Banker
TU Delft is set to collaborate with ABN AMRO on the development of more complex blockchain applications. The aim is to deliver a secure, working application in just six months. In addition to developing the application, ABN AMRO staff will also attend courses on blockchain applications in the TU Delft Blockchain Lab.
Practical application
Arjan van Os, Head of the ABN AMRO Innovation Centre, describes the situation. “We are delighted to be able to work with an expert partner like TU Delft. This offers us an excellent opportunity to expand our knowledge and gain a deeper understanding of the ways in which blockchain applications can be used. The fact that it is being approached from a scientific perspective makes it especially interesting.”
Blockchain Lab @TU Delft
The application will be based on previous work done at TU Delft on blockchain technology, which was recently amalgamated within the Blockchain Lab. TU Delft has been working on blockchain since 2007, when the specialism was still known as distributed accounting systems.
The research at TU Delft focuses on practical applications: developing next-generation blockchain technology that can deal reliably and appropriately with large amounts of data and large numbers of users.
All of the code developed will be open source. During this phase, dummy data will be used exclusively, rather than data from bank customers.
Re-disseminated by The Asian Banker
