Decentralization is the core and the nature of blockchain, security is an essential property, whereas scalability is the main challenge. In this project, we investigate/evaluate different approaches to blockchain scalability and their impact on security and decentralization.
Blockchain is key to decentralizing AI. In particular, one can train his model across several incentivized nodes, with their own datasets, while ensuring privacy; this will greatly help “democratize” AI.
In addition to improving IoT security and privacy, blockchain will revolutionize IoT applications; examples include supply chain and logistics, insurance, and peer-2-peer energy trading.
Blockchain enables patients to own and control their health data (e.g., health data records). In particular, patients can monetize their data without sacrificing their privacy.
Blockchain will play a major role in a number of practice areas of the legal profession. In particular, smart contracts can be used to automate the sets of terms and conditions of a large class of legal agreements.