IoTeX & University of Cincinnati: Research Partnership on Privacy-Preserving Cryptography for Blockchain

IoTeX is excited to sponsor and partner with the University of Cincinnati to build a joint research and development laboratory, which will focus on high-performance privacy-preserving cryptography research and applications for blockchain . As a privacy-centric blockchain platform, IoTeX has already developed innovative blockchain privacy protocols IoTeX Published DKSAP-IoT in ICBC 2018, Reduces Computational Overhead By 50% Compared to DKSAP and will work with University of Cincinnati researchers and professors to further drive cutting-edge blockchain privacy research.

As an append-only data structure, each full node in a blockchain has to store a full copy of the transaction history and it takes a long time for new users to verify the accuracy of all the previous transactions. This issue is even more relevant for blockchains that are privacy-enabled due to higher computational overhead requirements.

To address this issue, IoTeX is conducting joint research with the University of Cincinnati’s blockchain research team, led by Professor Boyang Wang . The joint laboratory is designing a new algorithm for reducing the verification overhead for privacy-preserving blockchains and cryptocurrencies, which aims to significantly improve the efficiency, scalability, and usability of a cryptocurrency network.

Boyang Wang is a tenure-track Assistant Professor in the Department of Electrical Engineering and Computer Science at the University of Cincinnati. He received his Ph.D. in Electrical and Computer Engineering from the University of Arizona in 2017, his Ph.D. in Cryptography and B.S. in Information Security from Xidian University, China, in 2013 and 2007, respectively. He also worked for Bosch Research & Technology Center in 2015.

University of Cincinnati is a public university with more than 44,000 students enrolled and has been named “ among the top tier of the best national universities,” according to U.S. News & World Report. Their Electrical Engineering and Computer Science program focus on preparing students to design and build solutions that will revolutionize every facet of modern life and presents enormous promise for society.

In the coming months, the IoTeX Research team will work closely with the University of Cincinnati on intensive performance-based research, including running tests and putting them into practice in real use cases. These research results will not only benefit IoTeX, but also the blockchain industry as a whole as the results and research will be made public. IoTeX looks forward to working with the University of Cincinnati as we combine our strengths to advance innovation in privacy and cryptography research for the blockchain industry.