Proposal “asu-bc-lab-201707“ (Completed)Back

Title:Blockchain Labs Sponsorship
Owner:babygiraffe
One-time payment: 279 DASH (25803 USD)
Completed payments: 1 totaling in 279 DASH (0 month remaining)
Payment start/end: 2017-06-20 / 2017-07-19 (added on 2017-06-25)
Votes: 893 Yes / 5 No / 0 Abstain

Proposal description

This proposal is cross-posted from the Dash Forum

This proposal seeks funding to sponsor Arizona State University's newly formed Blockchain Research Lab for research into blockchain throughput
capacity and latency performance.

Background:

Until now, the majority of blockchain research has been focused on Bitcoin, with minimal focus on other blockchain applications [1]. According to research conducted by Yli-Huumo, et al. (2016), approximately 80% of of all academic research is focused on Bitcoin and
less than 20% on other blockchain applications including smart contracts and licensing [1]. Additionally, blockchain scalability related challenges such as throughput capacity and latency have been ignored by researchers.  

Dash is focused on becoming the first digital currency capable of mass-market adoption. We believe our incentivized infrastructure model offers a viable path to providing the capacity required to operate at massive scale. Validating and improving our approach through rigorous research offers enormous potential benefits to users over the long-term.

Solution:

This proposal outlines a sponsorship of the newly formed Blockchain Research Laboratory at Arizona State University (ASU). Alt Thirty Six is a member and currently serves on the industrial advisory board to ASU’s CASCADE program in the Ira A. Fulton College of Engineering and was instrumental in helping to make this sponsorship possible. Alt Thirty Six recommended and received approval for the Dash sponsorship. The sponsorship would incorporate Dash as the exclusive digital currency for ongoing academic research.

After exploring topics of mutual interest, initial research would focus on throughput capacity and latency performance of blockchain technology, model and assess it for different network architectures (including Dash's multi-tiered architecture), applications, and use cases to propose a "scalability" deployment guide and best practices. Future research would focus on other areas outlined below.

Background on ASU:

ASU is the #1 ranked university in the United States for innovation by U.S. News and World Report, ahead of #2 ranked Stanford, and #3 ranked Massachusetts Institute of Technology (MIT). Through fundamental research and strategic industry/university partnerships, ASU's Center for Assured and Scalable Data Engineering (CASCADE) is developing novel tools and architectures for reliable and timely data-driven decision making.

CASCADE's mission is to carry out research that translates technological insights obtained from fundamental research on (a) trusted and privacy preserving data processing and analysis, (b) real-time data processing and analysis, (c) parallel and distributed data processing and analysis, and (d) high dimensional and multi-modal data processing and analysis, into new key technology elements whose different instantiations are deployed for direct impact to various industries, including energy, healthcare, security, and finance. (https://cascade.asu.edu)

Potential Future Research:

1) How much hashrate is required to adequately secure a network?

2) Are there ways to incorporate ideas like collateralized mining to eliminate the “arms race” among miners and reduce waste in the current system?

3) Are there any technical or economic incentive solutions to prevent mining centralization?

Requested funding is as follows for the July 5th budget cycle:
  • 274.06 Dash for ASU Blockchain Research Laboratory sponsorship ($50,000 USD @ $182.44 per Dash)
  • 5.00 Dash proposal reimbursement
Total: 279.06 Dash

Note: Should any funding remain, we will apply it toward future research expenses.

References:

[1] Yli-Huumo J, Ko D, Choi S, Park S, Smolander K (2016) Where Is Current Research on Blockchain Technology?—A Systematic Review. PLOS ONE 11(10): e0163477.

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Discussion: Should we fund this proposal?

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2 points,2 years ago
Thanks for the support everyone!
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0 points,2 years ago
If we really, actually in real life want to replace mastercard and visa and Western Union and Wells Fargo, we better learn a lot about scaling. And, this makes for excellent marketing material.
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0 points,2 years ago
I agree. I vote yes
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3 points,2 years ago
Yess x1000! We definitely need to do research to find the best possible way to utilize the blockchain and the best possible way to maximize scaling. Can't wait to see what comes out of this!
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0 points,2 years ago
Very good incentive - I wish this will be lucky.

Very open ended initiative with a longterm vision without a concrete/tangible, practically useful result at the end of this project's financing.
Research effort is extremely difficult to evaluate regarding accountability - even retrospectively!
Economically, research is one of the most risky investment/spending possible.

Ryan, dance carefully with the financial blackholes of academic research ;)
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0 points,2 years ago
Thanks for this babygiraffe, we are really lucky to have you and the other team members on board with dash.

I remember at the dash open day someone asked about the current 45/45/10 new coin split and part of babygiraffe's answer was that we should assign as much to miners as is necessary to secure the network and we don't know how much that is so we need research on the topic.

I thought that sounded like a nice idea that would either never happen or happen in 2 or 3 years. Now 3 months later it looks like this will happen in good time.
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0 points,2 years ago
Brilliant. I think the problems bitcoin are having and the host of alternative technical solutions being sold by the other altcoins show that this whole area needs careful research. There are lots of options and it is critical that we get the best of them. Nice initiative guys.
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0 points,2 years ago
Great way to promote data-based solutions going forward
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0 points,2 years ago
If Dash is getting specialized research in this deal, I'd think it would be very beneficial. Since Ryan stated on DF that this is the case and that any Blockchain Labs findings would be made public, this proposal has my support.
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