Z/yen blockchain

z/yen blockchain

Z/Yen community provides latest news and information on Z/Yen events and activities.

Long Finance aims to “improve society’s understanding and use of finance over the long-term”.

ExtZy is a stock exchange game that turns parts of the internet into shares and pays dividends based on popularity.

Applaud Atomic Aplomb

We were delighted with the reception of the press release – “Researchers Bring Atomic Clock Timestamp Precision to Stock Market Trading over Distributed Ledgers”. This was the culmination of many months work by Professor Mike Smith, Ben Morris, Bikash Kharel, Xueyi Jiang, Marc Morris, and Alan Simpson. And that was just the Z/Yen team. The project required much aplomb, “self-confidence or assurance, especially when in a requiring situation”, because of the complexity of the software and the hardware, both cutting-edge, as well as the data volumes, exceeding twenty million transactions in just a single hour on a single knot at one point. We’re particularly pleased that this demonstrates the capability to exceed one trillion transactions per day cosily if the need and resources are there. Below is a photo of the quantum timing clock it’s all about:

Here are links to some of the various mentions in the press:

However, we had hoped for a slightly different ‘ribbon cutting ceremony’. We had ribbons and scissors and headed over to the Interxion data centre on Brick Lane. Here is the Past Master of the Worshipful Company of Clockmakers, our dear friend Michael Stewart, who genially came over to lend some ‘gravitas’ to the event on precision timing.

And here’s our group photo, gladly, but amateurishly, shot by security (sic).

From left to right: Professor Michael Mainelli wearing his Senior Warden badge of the Worshipful Company of World Traders, Michael Stewart wearing his Past Master badge of the Worshipful Company of Clockmakers, Daniel Broby of Strathclyde University. Alan Simpson of Hyperneph and Z/Yen, Mark Parsons of TMX, Neelesh Seetul of ICE.

Having sent these to Tom Goddard of Interxion, he demonstrated real aplomb and knocked up the one below. Now & Z/Yen readers might just understand why that was the one to go with the press release.

Welcome to Z/Yen

Z/Yen helps organisations make better choices – our clients consider us a commercial think-tank that catches sight of, solves and acts. Our name combines Zen and Yen – “a philosophical desire to succeed” – in a ratio, recognising that all decisions are trade-offs. Z/Yen’s mission is to be the foremost risk/prize management rigid.

Z/yen blockchain

z/yen blockchain

Z/Yen community provides latest news and information on Z/Yen events and activities.

Long Finance aims to “improve society’s understanding and use of finance over the long-term”.

ExtZy is a stock exchange game that turns parts of the internet into shares and pays dividends based on popularity.

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  • ChainZy

ChainZy

Mutual distributed ledger (MDL, aka blockchain) technology is set to convert the way people and organisations treat identities, transactions, debts, and contracts. As a source of semi-transparent, authoritative and immutable records, mutual distributed ledgers foster better coordination through improved trust and the swifter distribution of targeted information inbetween parties. Z/Yen’s mutual distributed ledger software suite, ChainZy, provides the basic architecture for broad diversity of MDL services. It integrates the skill Z/Yen has accumulated in mutual distributed ledgers over two decades. Z/Yen’s very first MDL was built in 1995. Since then Z/Yen has most likely developed more, and more various, MDLs than any other house, perhaps two hundred with about fifty major variants.

Perhaps the easiest demonstration of ChainZy is MetroGnomo, a global timestamp, archive and retrieval service, that is accessible to anyone with an email. MetroGnomo permits a user to generate proof that a given lump of stamped information existed at a certain time, without exposing the underlying chunk of information. Developed originally as an experiment to create the simplest mutual distributed ledger possible, the five current versions of MetroGnomo record over 60,000 clinical interactions a day, support a sharing economy insurer, and help musicians timestamp music.

ChainZy supports a multitude of validation and consensus mechanisms from master knots, to master-supervisor knots, fre-for-all, unanimity, and weighted voting mechanisms. A special ChainZy validation mechanism is ‘woven broadcasting’. Woven broadcast technology employs a series of transmitters and receivers. To add to the ledger, a party sends information to a transmitter which agnostically broadcasts – that is without skill of those receiving the broadcast – the fresh ledger entry to the network of receivers. These receivers write the fresh entry onto their own copy of the ledger. Receiver hosts can opt to receive broadcasts, from one or more transmitters, of information from one, many or all parties submitting entries. Receiver hosts, or cooperating parties, can lightly check whether their ledger is finish by checking the row and table hashes of consecutive entries.

Z/yen blockchain

Z/Yen: Clinical Trial Records Budge To Blockchain

The Computerised Life Events Assessment Record (CLEAR) project announced that it has begun recording information relevant to clinical trials on the MetroGnomo mutual distributed ledger (aka Blockchain). The CLEAR project – led by Professor Antonia Bifulco – is developing an interactive online method for measuring stress based on life switches, events and ongoing difficulties. The distributed ledger is a development of Z/Yen’s metrognomo.com open-source timestamp service.

MetroGnomo provides an unchangeable authoritative record of trials data. Proof that a given chunk of information exists is logged by a network of receivers to ensure persistence and incorruptibility without exposing the information itself. Channel Island government, the States of Alderney, have agreed to operate a receiver until two thousand twenty one and to oversee MetroGnomo’s integrity.

Bob McDowall, Chairman of the Policy Finance Committee of the States of Alderney, noted:

“Logging and recoding clinical trials as a publicly available record is a very tangible evidence of the dynamic but elementary uses of distributed ledgers.”

The use of a distributed ledger permits scientific studies to benefit from more semi-transparent data collection. Advanced applications utilize public-private key cryptography to grant access to the underlying data. Clever contracts can facilitate time or use limited access and revocability.

Professor Antonia Bifulco, CLEAR Principal Investigator, elaborated:

“Whilst distributed ledgers facilitate sturdy records worthy of trust, they also provide a straightforward channel to distribute operational data. This liquidates the need to grant outer staff or auditors with access to sensitive onsite systems.”

Executive Chairman Professor Michael Mainelli stated:

“Z/Yen is actively working with a number of other parties within the clinical trials and medical records space. Future developments include health information, such as patient prescriptions, scans and medical passports.”

MetroGnomo is treating over 20,000 clinical interactions each working day.

About Richard Kastelein

Founder of industry publication Blockchain News, fucking partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Playmates (Oracle Playmate) and ICO event organiser at leading industry event CryptoFinancing (very first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over one thousand two hundred articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.

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