Intel’s skunkworks group begins experimenting with the blockchain
By MICHAEL CARNEY at Pando Daily
Excerpt:
Just days after the bitcoin ecosystem celebrated news that IBM is conducting blockchain research and development with the hopes of reinventing global banking, Intel has thrown its hat into the crypto ring.
In a job posting on its website, the company’s internal skunkworks division Intel Labs is hiring for a “Cryptographic Researcher.” In the description of the role, the company writes:
…you will focus on development of cutting-edge, cryptographic algorithms for improving the robustness and assurance of transaction verification within an open, decentralized ledger.
It’s unclear if Intel Labs would have an interest in bitcoin and traditional financial applications of the blockchain distributed ledger, but the job description suggests the company is first and foremost focused on so-called Bitcoin 2.0 (or crypto 2.0), or next-generation uses of the technology. This includes things like smart contracts, distributed data storage, stock exchanges and record keeping, marketplaces, and other applications.
Intel writes of its R&D group…
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Picture via Pixabay.
