Recently, Blockchain at UCLA he collaborated with the law firm BakerHostetler and with the accounting firm Ernst & Young for the Genesis Blockchain Summit. The sold-out event saw the experts discuss the benefits and challenges of using blockchain in business, law and academia and offered a profound dip on nascent technology.
Topics such as computer security, data privacy, smart contracts and potential regulatory issues were deliberated in various panels and presentations during a one-day event with an enthusiastic audience in each session.
Blockchain is a form of distributed register technology that stores blocks of information, with each block in the chain representing a transaction. Transactions can be financial or anything of value. Blockchain is not controlled by any single entity, which means that it does not have a central administrator or centralized data storage and is theoretically incorruptible because it does not have a single point of failure.
Furthermore, the information contained in a blockchain exists as a shared and continuously reconciled database that is public, accessible and easily verifiable. Since the chain self-regulates and can not be corrupted, it acts as a stable network for multiple uses.
Blockchain at UCLA is one of the largest blockchain groups run by students in the country. It includes not only UCLA Samueli students and faculty, but also UCLA law and business to offer both a technical and an entrepreneurial perspective.
Anthony Humay, a third-year computer science student and co-founder of the organization, said the group is strategically interdisciplinary because its members believe that blockchain has the potential to influence many areas of society.
"Blockchain is the backbone of a potential revolution that could affect every industry and country, and we want our members to reflect," said Humay. "If you have any interest in technology, we want to meet you."
Electrical engineering professor John Villasenor, who will teach a blockchain course and also hold appointments at the Anderson School of Management at UCLA and the Luskin School of Public Affairs, commented: "It is important to keep in mind how difficult it is to expect more. long-term applications of a technology For example, smart contracts will probably end up being used in ways that are hard to imagine today. "
Inside, Blockchain at UCLA's mission is education. Part of this goal is met by involving the Los Angeles community on the potential uses of technology and educating its members through a series of instructions, complete with a program and courses run by students.
To this end, the Summit Genesis has successfully brought together industry leaders and UCLA students to stimulate ideas and new perspectives on technology.
