AEEC is Founding Member of San Diego Supercomputer Center’s New BlockLAB Research Laboratory

The Center for Large Scale Data Systems (CLDS) at the San Diego Supercomputer Center at the University of California San Diego (UCSD) formally opened a new blockchain research laboratory with the objectives of exploring the principal technologies and business use cases in blockchains, distributed ledgers, digital transactions, and smart contracts.

Founded in partnership with technology firms AEEC, Collibra, Dell Technologies, IBM, and Intel, the new laboratory, called BlockLAB, will conduct primary research in blockchain and distributed ledger technologies (DLT) and their potential business applications across a wide range of industrial and organizational settings.

A blockchain is a public register in which information exchanges between users in the same network are stored in a secure, verifiable and permanent manner. All transaction data is stored in a chain of connected, cryptographic blocks, hence the name.

“There is much interest and experimentation underway in evaluating blockchain technologies and their applications in industry and government,” said James Short, BlockLAB’s director and SDSC’s lead scientist at CLDS.

“One of our primary goals is to work closely with industry partners to provide foundational knowledge to help science-based and industrial companies evaluate the potential benefits and risks of applying these new technologies to critical, large-scale transaction and data-intensive business processes,” Short added.

Details of BlockLAB’s research program and events this year may be found online here.

Raj Patil, CEO of AEEC, was co-chair of the LAB research workshop organized at UCSD’s Supercomputer Center on September 25 and 26. Along with AEEC intern Amir Fahrai, he presented Blockchain‘s role in Medicare and Medicaid Fraud Detection at the meeting.