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DTSTAMP:20221119T020005Z
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DTSTART;TZID=America/New_York:20221118T124500
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DESCRIPTION:Professor Wenbing Zhao will present in a webinar about blockcha
 in design and common misconceptions.\n\nFull description: Blockchain has b
 ecome one of the hottest research areas in recent years. The blockchain te
 chnology could potentially lead to a new generation of decentralized appli
 cations and decentralized autonomous organizations. Unfortunately\, there 
 is simply too much misinformation regarding blockchain. Most notably\, blo
 ckchain has been used as a buzzword synonymous with data immutability and/
 or trust. In fact\, this is far from the truth. In this talk\, I will prov
 ide a concise description on exactly what the blockchain technology is\, i
 ncluding its design principle\, building blocks\, core innovations\, and t
 he set of benefits. This is followed by an analysis of data immutability. 
 I will show that to create an insurmountable barrier against the attacks o
 n data immutability\, decentralization and scale of the system are both ne
 cessary. Based on this analysis\, I will further dissect what benefits a p
 rivate or consortium blockchain could offer when decentralization is remov
 ed from the blockchain technology. We show that private or consortium bloc
 kchain could not offer the data immutability and trust as many literatures
  have claimed or implied. Instead\, the centralized-version of the blockch
 ain technology provides an elegant solution to achieving fault tolerance a
 nd atomic contract execution\, which could make private and consortium blo
 ckchain useful for enterprises that would like to provide highly availabil
 ity to their customers and for their internal operations.\n\nRoom: 349\, B
 ldg: AW Smith\, 2102 Adelbert Rd\, Cleveland\, OH 44106\, Case Western Res
 erve University\, Cleveland\, Ohio\, United States\, Virtual: https://even
 ts.vtools.ieee.org/m/330429
LOCATION:Room: 349\, Bldg: AW Smith\, 2102 Adelbert Rd\, Cleveland\, OH 441
 06\, Case Western Reserve University\, Cleveland\, Ohio\, United States\, 
 Virtual: https://events.vtools.ieee.org/m/330429
ORGANIZER:kmx4@case.edu
SEQUENCE:6
SUMMARY:Blockchain Webinar
URL;VALUE=URI:https://events.vtools.ieee.org/m/330429
X-ALT-DESC:Description: <br /><p>Professor Wenbing Zhao will present in a w
 ebinar about blockchain design and common misconceptions.</p>\n<p><span st
 yle="text-decoration: underline\;">Full description</span>: Blockchain has
  become one of the hottest research areas in recent years. The blockchain 
 technology could potentially lead to a new generation of decentralized app
 lications and decentralized autonomous organizations. Unfortunately\, ther
 e is simply too much misinformation regarding blockchain. Most notably\, b
 lockchain has been used as a buzzword synonymous with data immutability an
 d/or trust. In fact\, this is far from the truth. In this talk\, I will pr
 ovide a concise description on exactly what the blockchain technology is\,
  including its design principle\, building blocks\, core innovations\, and
  the set of benefits. This is followed by an analysis of data immutability
 . I will show that to create an insurmountable barrier against the attacks
  on data immutability\, decentralization and scale of the system are both 
 necessary. Based on this analysis\, I will further dissect what benefits a
  private or consortium blockchain could offer when decentralization is rem
 oved from the blockchain technology. We show that private or consortium bl
 ockchain could not offer the data immutability and trust as many literatur
 es have claimed or implied. Instead\, the centralized-version of the block
 chain technology provides an elegant solution to achieving fault tolerance
  and atomic contract execution\, which could make private and consortium b
 lockchain useful for enterprises that would like to provide highly availab
 ility to their customers and for their internal operations.</p>
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