This podcast discuss a Nature's article that investigates the threat that quantum computing poses to blockchain networks. It explores how quantum computers could be used to break existing cryptographic algorithms used in blockchain, specifically highlighting the vulnerabilities of digital signatures and communication protocols. The authors propose an end-to-end framework for post-quantum blockchain networks, which involves incorporating quantum entropy for key generation, generating post-quantum certificates, and establishing quantum-resistant TLS tunnels between nodes. The framework also introduces a post-quantum signature verification protocol, which they implement in an Ethereum-based network called LAC Chain. The article concludes with a discussion of the performance and scalability of their proposed solutions, demonstrating their practicality for securing blockchain networks from quantum adversaries.

Buy the book at https://www.packtpub.com/en-us/product/ethereum-smart-contract-development-9781788473040

Also available at Amazon, Flipkart, Harvard Bookstore, and other major outlets across the globe.

Reference

Allende, M., León, D.L., Cerón, S. et al. Quantum-resistance in blockchain networks. Sci Rep 13, 5664 (2023). https://doi.org/10.1038/s41598-023-32701-6

This podcast discusses on an academic article, which examines the market microstructure of non-fungible tokens (NFTs) and addresses concerns about market manipulation and the legal status of NFTs. The authors discuss factors influencing NFT price formation and discovery, including fixed price and timed auctions, and how market structure impacts the speed and quality of price discovery. They highlight the importance of transparency and disclose how wash-trading techniques are used to manipulate the NFT market. Finally, the article explores the application of the Howey test to determine whether NFTs should be considered securities and delves into legal and regulatory implications surrounding intellectual property, taxes, and sales tax.

Buy the book at https://www.packtpub.com/en-us/product/ethereum-smart-contract-development-9781788473040

Also available at Amazon, Flipkart, Harvard Bookstore, and other major outlets across the globe.

Reference

Mukhopadhyay, Mayukh and Ghosh, Kaushik, Market Microstructure of Non Fungible Tokens (October 1, 2021). Five Shades of Emerging Business Cases, Eliva Press (Nov 2021), ISBN: 978-1-63648-395-5, Available at SSRN: https://ssrn.com/abstract=3934676 or http://dx.doi.org/10.2139/ssrn.3934676

This podcast discusses a case study that examines the use of non-fungible tokens (NFTs) by Nike to combat counterfeiting. The authors first describe the large global market for counterfeit goods, including the methods and factors that contribute to its growth. They then introduce Nike's Cryptokick patent, which leverages NFTs to create digital representations of physical shoes, allowing for unique identification and ownership tracking on a blockchain. The study explores how these digital assets can be used to enhance brand engagement and fight counterfeiting, as well as the fast-track patent process Nike used to secure its Cryptokick patent.

Buy the book at https://www.packtpub.com/en-us/product/ethereum-smart-contract-development-9781788473040

Also available at Amazon, Flipkart, Harvard Bookstore, and other major outlets across the globe.

Reference

Mukhopadhyay, Mayukh and Ghosh, Kaushik, A Curious Case of Cryptokick (July 20, 2020). Five Shades of Emerging Business Cases, Eliva Press (Nov 2021), ISBN: 978-1-63648-395-5, Available at SSRN: https://ssrn.com/abstract=3656147 or http://dx.doi.org/10.2139/ssrn.3656147