IC3 The Initiative For Cryptocurrencies & Contracts – Advancing Blockchain Apps & Science?
Anybody who is following global economic trends will know that cryptocurrencies are taking the world by storm. Via the use of such technology, there is a definite potential for crypto based products to be used in enhancing pre existing financial instruments and business tools.
In addition to this, many developers are also actively working to incorporate/blend blockchain programs with the field of finance in ways that have the potential to completely change the way business is done these days.
Who Is Behind IC3?
These days it is standard practice to allow potential customers to view the profiles of all company members before any money is invested. This gives us a good idea in regards to the credibility, and overall feasibility of the project. IC3 is the brainchild of faculty members at Cornell University, Cornell Tech, UC Berkeley, UIUC and the Technion. The setup is located in the Jacobs Technion-Cornell Institute at Cornell Tech (New York), and thus users can be sure that the people here know what they are talking about.
What is IC3?
IC3 is a company that aims to collaborate with experts in the fields of ‘finance, banking, entrepreneurship, open source software communities’ to help deliver budding crypto services with an honest assessment of their potential, so that they can minimize their losses and give to the market the best product possible. In simple layman’s terms, IC3 helps move interesting ideas/ projects from the ‘whiteboard towards reality”.
What Am I Being Offered Here?
As mentioned previously, IC3 is unique in the sense that it helps meet the requirements of the ‘up and coming blockchain community’ to create business models that are relevant, up to date and fool proof. In terms of their services, IC3 has the ability to deliver world-class expertise in various digital fields such as
- Distributed systems
- Programming languages
- Game theory
- System security techniques.
Using a combination of these techniques, IC3 is able to help its clients create softwares, platforms that are cutting edge, and are ready for future market application as well.
Other Things to Consider
IC3 makes use of certain technological advancements that can help in better product delivery. Some of them include:
(i) Blockchain Science:
The company aims to bring to the forefront ‘blockchain technology development’ so as to create platforms that are efficient and safe . In addition to this, the company also aims to help bolster the security of crypto networks by eliminating ‘heuristic designs’, in favour of newer, more efficient, scalable, high assurance blockchain-based solutions.
(ii) Blockchain Code:
Another important aspect of IC3 is that that it uses solid scientific foundations when working on creating blockchain programs and algorithms. Through the use of ‘Open Source blockchain tools’, the company aims to meet the expectations of its customers and deliver a product that is cost effective, secure, high performance and private.
(iii) Uses Real-time Data:
According to the official company website, all projects are tested on the ‘blockchain-based Miniature World’ simulation platform. During this process, all possible ‘real time scenarios’ are played out so as to see all possible outcomes in relation to the market potential of the platform/product.
Where Is the Money Coming From?
Since all of the members of IC3 are part of prestigious Ivy League institutes, they have been granted a ‘$3M 3-year grant’ by the National Science Foundation. However, there is also a possibility for people in various commercial industries to sponsor and collaborate with IC3 by emailing any of the officials listed on the ‘contact us’ page.
What Can We Expect?
IC3 is currently working on a host of cutting edge projects that range from cryptocurrency and smart contract solutions, to security frameworks to help shield private networks. The platforms being made have been designed to remain
- Easy to program
- Legally compatible with international laws (aka formally verifiable)
There are a wide range of projects that have been listed on the official website, thus interested users can check that out and see which project they feel has the best market potential.