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Welcome to our Purdue Blockchain Lab!

A blockchain is a distributed database that maintains a dynamic list of records, secured against tampering and revision. The main hypothesis is that the blockchain establishes a system of creating a distributed consensus in the digital online world. This allows participating entities to know for certain that a digital event happened by creating an incorruptible record in a public ledger. It opens the door for developing an open and scalable digital economy from a centralized one. This technology, and the people behind it, have the potential to impact billions of people and become a crucial part of daily life. We seek to push the envelope on the development of this technology with rigorous research.

A blockchain has three main features:
 
  • Veracity multiple copies of the complete historical record of ledger entries are each verified by consensus. Bogus entries are identified and eliminated by failure to reach consensus.
  • Transparency it is a public record of activity that can be seen by all market participants.
  • Disintermediation it operates using a peer-to-peer network, rather than requiring a specific central organization.

The Purdue Blockchain Lab is a research group at Purdue University focusing on Blockchain and simulation, Blockchain for IoT and Supply Chain, Blockchain for Big Data and AI and its underlying technologies.