French researchers are starting to work on the blockchain! Inria, Télécom ParisTech, Télécom SudParis and SystemX signed a framework agreement on Tuesday March 6th, to coordinate their research efforts in the blockchain area. Called “Bart” (Blockchain Advanced Research & Technologies), this initiative will last for six years and will mobilize thirty researchers. Its aim is to remove the technological barriers that slow down the deployment of blockchain-driven data storage, a technology which is currently attracting the interest of many industries. Three main challenges will be addressed: 1 – Scaling up In one second, six or seven transactions took place on the Bitcoin blockchain, versus several thousand for the Visa credit card system. This slowness limits the use of the blockchain on a larger scale. The problem is due to the validation technique required for transactions, with transactions being grouped into blocks that must be validated by a computer calculation process called mining. Typically, it takes about…
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