A patent application has been submitted by IBM Watson for a blockchain system which aims to benefit the researchers called “Blockchain for Open Scientific Research”. The blockchain system can form a research project, where the blockchain comprises the first block of research data and the second of analysis data representing a log of an analysis performed on the research data.
A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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