Spanish banking group BBVA has released a new research note on the subject of bitcoin and blockchain regulation.Published on 2nd January, the note opines on the current state of regulation, arguing that rules for private blockchain use cases lag behind guidance for bitcoin – the digital currency it called the one blockchain application "in practical operation".The document's author, BBVA digital regulation manager Javier Sebastián, contends that regulation will be needed to oversee enterprise blockchain use cases.However, he acknowledged that the current "exploratory phase" the technology is in makes this difficult to address.Overall, the note argues for more immediate action to clarify issues that could hold back the launch of blockchain projects, calling for "a legal framework in which its legal nature is defined, including the applicable jurisdictions and laws, as well as where responsibility lies in the event of error or malfunction"."There are some questions that are common to all cases, deriving from the unique characteristics of blockchain, which should be addressed as soon as possible."

Elsewhere, the author contends that clarity is needed in regards to the legal validity of records stored via a blockchain and whether smart contracts are legally enforceable.The research is the latest from the blockchain bank that emerged as one of the earliest institutional movers on the technology, investing in Coinbase and serving as a founding member of blockchain consortium R3CEV.Man with pen image via Shutterstock The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.The establishment of a Blockchain Technology Laboratory within the university’s School of Informatics was annouced today.Nikos Bentenitis, Chief Operating Officer, Input Output Hong Kong Ltd (short form: COO, IOHK) Aggelos Kiayias, Chair in Cyber Security and Privacy, School of Informatics, University of Edinburgh Charles Hoskinson, Chief Executive Officer, Input Output Hong Kong Ltd (short form: CEO, IOHK) Johanna Moore, Head of the School of Informatics, University of Edinburgh Jon Oberlander, Assistant Principal for Data Technology, University of Edinburgh The lab will bring together academics and students to collaborate on blockchain research and development with a focus on industry inspired problems.

The laboratory’s launch event was held at the University of Edinburgh on February 24, 2017.“IOHK is delighted to be partnering with the University of Edinburgh, a world-leading institution in information, cognition and computing research and teaching.The partnership will develop IOHK’s core business area, cryptocurrencies and blockchain related technologies, and nurture and develop the global talent in these areas in the United Kingdom.” The research lab at the University of Edinburgh will also serve as the headquarters for IOHK’s growing network of global university partnerships.fastest bitcoin miningTokyo Institute of Technology launched a similar centre with IOHK on February 15, 2017.bitcoin coin mining calculatorIOHK expects to establish further research laboratories in the United States and Greece later this year, and has plans for more the following year.ethereal staff build

The Blockchain Technology Laboratory will be led by Prof. Aggelos Kiayias, Chair in Cyber Security and Privacy at the University of Edinburgh and Chief Scientist at IOHK.As Director of the lab, Prof. Kiayias will organise collaborations with fellow academics at the university and oversee researchers and students from undergraduate to PhD level in a broad range of topics related to blockchain systems.Research collaborations will be interdisciplinary and will include, beyond cryptography and computer science, economics, game theory, regulation and compliance, business, and law.tien bitcoin la giThe lab will provide a direct connection between developers and researchers, helping to get projects live faster and aims to pursue outreach projects with entrepreneurs in Edinburgh’s vibrant local technology community.bitcoin mine on ipadRecruiting and outreach will begin immediately, and the full facility will be operational from summer 2017, located in the School of Informatics’ newly refurbished Appleton Tower.bitcoin wikipedia bahasa indonesia

“We are very excited regarding this collaboration on blockchain technology between the School of Informatics and IOHK.Distributed ledgers is an upcoming disruptive technology that can scale information services to a global level.The academic and industry connection forged by this collaboration puts the Blockchain Technology Lab at Edinburgh at the forefront of innovation in blockchain systems.” IOHK is committed to developing industry standards and best practices that progress the field of cryptography.bitcoin dollar rate graphIn contrast to other industry-university partnerships, IOHK’s collaboration with the University of Edinburgh ensures that all funded research and development will be open source and patent-free.irs view of bitcoinWe are delighted to be at the forefront of UK institutions in the field of distributed ledgers and proud to have a dedicated research laboratory for industry inspired research in this important emerging area.” “IOHK’s partnership with the University of Edinburgh provides unique opportunities for current students to become the next generation of blockchain and cryptography leaders.mine litecoin without pool

As a headquarters for IOHK’s international academic research community, we expect to see the university facilitate innovative projects that drive how businesses and governments approach blockchain and cryptocurrencies.” Founded in 2015 by Charles Hoskinson and Jeremy Wood, IOHK is a technology company committed to using peer-to-peer innovations to provide financial services to the three billion people who do not have access to them.IOHK is an engineering company that builds cryptocurrencies and blockchains for academic institutions, government entities and corporations.It is also a research firm with dense academic connections in Europe, America and Asia with many employees holding PhDs in Computer Science, Mathematics or Physics.IOHK focuses on practical, peer-reviewed research to create live protocols, and the technological underpinnings to next-generation cryptocurrencies.The School of Informatics, University of Edinburgh The School of Informatics at the University of Edinburgh is a world-class research environment in central Edinburgh with a community of over 600 research, teaching and support staff and postgraduate research students.

Since the first UK Research Assessment Exercise in 1986 and until the most recent (REF 2014), Informatics at Edinburgh has consistently been assessed to have more internationally excellent and world-class research than any other UK university.The university is also a member of the Alan Turing Institute (jointly with Cambridge, Oxford, UCL, Warwick) thus providing further access to resources in relation to data science and is currently further expanding with the new Data Technology Institute launching in 2018.Blockchain Technology and Distributed Ledgers In the words of Sir Mark Walport, the UK Government’s Chief Scientific Adviser, “distributed ledger technology has the potential to transform the delivery of public and private services”.Regarding the government’s perspective, he adds: “It has the potential to redefine the relationship between government and the citizen in terms of data sharing, transparency and trust and make a leading contribution to the government’s digital transformation plan.” Currently more than $1 billion in venture capital investment has gone into blockchain technology companies[1], while major companies such as IBM, Intel and others have put in substantial resources to advance the technology.