Prof. Aggelos Kiayias gave a webinar at the Crypto and Blockchain Economics Research Forum (CBER) last Thursday, 2nd December, on the topic, “Rethinking Information Technology from a Decentralisation Perspective.” His talk (abstract below) was based upon research compiled in the following paper:
Decentralizing Information Technology: The Advent of Resource Based Systems
Abstract: With the introduction of blockchain technology a little more than a decade ago, we witnessed a first instance of an information technology service deployed via open and incentive driven collaboration that is natively supported by the system itself. Viewed in this light, an IT service can emerge out of the self-interest of computer node operators who enrol themselves to support the system’s operation in exchange of rewards that are provided in the system’s digital currency. In this talk we cast this as a general paradigm for deploying information technology services and we describe the incentive mechanism used in the Cardano blockchain, an open smart contract platform built following a first principles design approach. We discuss design challenges, solutions and open questions as well as we look at what lies ahead for decentralized information technology services.
To watch a recording of the webinar, please click the video below:
For further information about the CBER webinar series, please visit their website at: https://www.cber-forum.org/
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