Blockchain Will Have Improvements To Join The Commercial Field
Outlier Ventures was developed in 2013 to invest and build blockchain startups in the emerging Web 3.0 startup space. Subsequently, it has met with more than 1,220 startups from around the world and has invested in a growing portfolio of companies, refined its thesis to that of “convergence enabled by block of blocks”, or simply “Convergence” for shorthand, according to A report published at the end of 2016.
Imperial College London is one of the world’s leading universities. The College’s 16,000 students and 8,000 employees are expanding the frontiers of knowledge in science, medicine, engineering and business, and translating their findings into benefits for their neighbors and society as a whole.
It should be noted that the Imperial Center for Research and Engineering of Cryptography IC3RE of Imperial College London has joined forces with the Blockchain OutlierVentures.IO investment group to carry out a three-year research and development program focusing on Convergence of industrial blocks with other “deep tech” technologies such as IoT, Automatic Learning and autonomous robotics. The idea is to help colleges and corporations move quickly from concept testing to escalating commercial business globally.
It should be noted that the program was created in mid-2016 when both organizations began to discuss the need for a holistic approach to innovation in block chains, which was best seen as fundamental to enable other technologies alone or in Were applied to complex markets. Gathering world leading experts and emerging talent in areas such as Big Data, Machine Learning and Cryptography combined with experienced investors and entrepreneurs was seen as a great unique advantage compared to the typical siled approaches that are seen in the market.
Eventually, the program will focus on a single unifying theme, established by a joint committee of IC3RE and Outlier Ventures staff, where convergence is considered to be most impacting to industry and society. The theme of the 2017-2018 program will be Industry 4.0, with key topics such as the security of industrial 3D printing for spare parts, IoT and automation of robotics.
Likewise, the program will have collaborations with a number of leading European manufacturers, IT and ERP suppliers. Outlier Ventures pioneer adventure platform partners will be invited to collaborate with students through applied research to provide solutions that meet their strategic business needs. It is ambition, if any, that they will become startups funded by Outlier and its allies.
According to Imperial, he sought Outlier Ventures because of his strong reputation as first ecosystem investors who actively help startups in blockchain and more recently in the field of convergence navigate technical and regulatory risks and commercial and unknown in this paradigm.
It is imperative to mention that the program will work in all key academic cycles throughout the year, with undergraduate and graduate students working on the writings of Outlier Ventures and its partners, allowing them to access some of the brightest minds in the student body of Imperial and the directors of IC3RE.
However, innovations expected to emerge from the program include machine-to-machine payments, unique digital assets and cryptographic insurances, as well as legally enforceable smart contracts.
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