Jimmy Nguyen, Chief Intellectual Property, Communications and Legal Officer for nChain, the global leader in research and development of blockchain technologies, addressed ESILV students as an introduction to Craig Wright’s conference. Bitcoin and blockchains were at the heart of the talk by the energetic and passionate Californian.
Everybody has heard of bitcoin and the mystery of its creation, however Nguyen’s presentation gave further insight on what can be expected for the development of bitcoin and how it “can make everyone a winner”. nChain, located in London, aims at enabling bitcoin’s exponential growth for everyone to profit from this ecosystem.
nChain, towards a bigger paradigm for the bitcoin world
Jimmy Nguyen insisted on the particularity of nChain’s goal: rather than focusing on one aspect of the bitcoin world like many companies do when they provide wallet, exchange or code services, Craig Wright’s company fosters a much bigger paradigm. Researching on broader aspects of bitcoin and blockchain has two objectives; enabling companies to perform more complex functions on bitcoin network and enabling massive on-chain scaling on the cryptocurrency network.
“If we are successful at doing those two things, scaling the network larger with our solutions and making it easy for companies to operate on the Bitcoin blockchain, the value of Bitcoin will grow even larger than it is today -and if you’ve been watching the price growth over the last years, it’s been astronomical- and its utility to everyone will grow into huge wins”.
A multidisciplinary and highly-qualified team
nChain’s London headquarters hire many PhDs, MScs and BScs across disciplines as varied as physics, data science, mathematics and computing. Since 2015, this international team has produced an increasing volume of research on bitcoin and blockchains. Jimmy Nguyen insisted on the fact that nChain is not patenting the blockchain but trying to innovate to make bitcoin applications easier for many sectors such as financial services, audit, healthcare, social media and gaming to name but a few.
nChain’s chief IP went over specific key innovations that are the subjects of seven patent applications already filed by the company and made public. Nguyen is convinced that these inventions will help more and more companies and individuals to use and work on the bitcoin blockchain. He sees bitcoin as a nChain sees the bitcoin as a cryptocurrency and a technology whose value will keep increasing.
A world of opportunities for engineers
Jimmy Nguyen encouraged ESILV students to consider bitcoin and blockchain in general as a great source of employment opportunities. Students following the financial engineering programme can indeed play their ace regarding blockchains, for their curriculum combines knowledge of financial tools and market modelling, and extensive command of IT tools and statistics.