Advancing the science and impact of blockchain technology at Oak Ridge National Laboratory
- Oak Ridge National Lab. (ORNL), Oak Ridge, TN (United States)
Over the last decade, blockchain technology has experienced unprecedented growth from its humble beginnings as the decentralized currency Bitcoin in 2009 to a $500 billion industry today with applications including decentralized cloud computing, peer-to-peer lending, governance, social media, cybersecurity and the development of decentralized, trustless smart contracts and applications. Although it has not yet reached maturity, the blockchain technology industry (sometimes hailed as the “Web 3.0”) is experiencing exponential growth and adoption: new projects and partnerships are announced almost daily, and top research institutions are beginning to develop novel initiatives in this space. In this white paper, I will outline a vision for the future of blockchain technology at Oak Ridge National Laboratory (ORNL). Specifically, I will (1) introduce the fundamental concepts of blockchain technology and provide a survey of the current state-of-the-art, (2) identify the wide-ranging applications that blockchain technology can have across groups, divisions, and directorates at ORNL, (3) summarize the newly initiated programs in blockchain technology at ORNL’s core partnership universities that may lead to future collaboration opportunities, (4) suggest critical ways that blockchain technology can advance ORNL’s strategic objectives for excellence in science and technology, laboratory operations, and community engagement, and (5) outline the most likely funding strategies to support new blockchain initiatives and partnerships at the Lab. Finally, I will propose a vision for the future of a Blockchain Institute at ORNL.
- Research Organization:
- Oak Ridge National Laboratory (ORNL), Oak Ridge, TN (United States)
- Sponsoring Organization:
- USDOE
- DOE Contract Number:
- AC05-00OR22725
- OSTI ID:
- 1479725
- Report Number(s):
- ORNL/TM-2018/1026
- Country of Publication:
- United States
- Language:
- English
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