BSafe Network: Bitcoin Blockchain Testing Research Technology?
As most of us know by now, currencies such as Bitcoin and Ethereum are currently garnering unfathomable amounts of media attention. This is primarily because they provide mankind with an avenue for financial upheaval that has never been seen before.
Through the use of the blockchain, governments and bankers can be put in check, and the real power can be returned into the hands of the people who rightfully earned the money in the first place.
However, with that being said, it should be understood that the blockchain still possesses various loopholes that need to be fixed, before it can become the business standard that the world uses for all monetary exchange (in the foreseeable future).
About the BSafe Network
Simply put, we can think of the BSafe Network as a “neutral and open research network” that has been designed particularly for:
- Bitcoin enthusiasts
- Developers and programmers who actively work within the blockchain domain.
- People who make use of distributed ledger technologies.
This platform has been established by academic researchers, and its primary goal is to “identify and engage academic interest in the emerging Bitcoin and blockchain technology space”.
Why Choose BSafe.Network?
Since this network consists entirely of academics (whose credentials have been verified after a thorough scrutiny process), any research that is born out of it can be trusted.
(ii) Long Term Innovation:
Another key facet of this system is that it helps instill trust in ”new digital public platform technologies”. As a result of this, the products that come about from research done at BSafe can be thought of as viable long term solutions.
To help maintain complete neutrality, BSafe.network provides users with a transparent system that allows for the production of “fair and reliable” technological solutions.
Other Key Aspects to Consider
(i) Conducive for Research:
Since this platform is built upon a “reliable/ neutral blockchain network”, it allows for the seamless exchange of information, therefore allowing for high quality academic research to take place.
The network makes use of a large number of “dedicated nodes” that allow for amazing data transfer speeds. As a result of this, high resolution images/ video/ audio, voluminous files can be exchanged between researchers within a matter of seconds.
(iii) International Collaborations:
Via the use of BSafe, researchers can conduct experiments and studies without having to worry about distances or border limitations.
(iv) Public Results:
All of the research can be tracked in real time by platform users. When a project is completed, the results will be published on the network, and will be viewable by everyone.
How Does the BSafe Network Work?
- To start things off, each researcher(s), starts with a study on their “protocol of interest”. This can include BTC, ETH and Hyperledger.
- Through the operation of research within these areas, the BSafe network is able to establish “neutral, stable and sustainable blockchain nodes” that are able to help people better understand how blockchain technology works.
- Also, when conducting research, two academics from different parts of the globe can get together on the platform and work on “coordinated international joint research projects”.
How Can I Get on Board?
To become a “research node”, any academic can sign up after carefully going through the legal document presented by the company on its official website. Following this, they can then applying by sending in an EOI (Expression of Interest) to the secretariat of the organization.
According to the official company white paper, BSafe.network currently has participants from a wide array of Universities from around the globe. Some of them include:
- Massachusetts Institute of Technology, Media Lab, USA
- Boston University, USA
- The University of Tokyo, Japan
- Keio University, Japan
- Indian Statistical Institute, India
- Newcastle University, UK
- Imperial College London, UK
- University of Cambridge, UK
- Télécom SudParis, France
- ETH Zurich, Switzerland
For a full list of institutions that are affiliated with the BSafe network, users can visit the official website. Additionally, for any further details regarding this platform, help can be availed of by sending an email to [email protected]