Where did the idea of Blockchain and Secure, Decentralized Ledgers come from?
Today, we speak with Dr. Scott Stornetta, who is considered by many to be the co-inventor of Blockchain, about his work with Dr. Stuart Haber at Bellcore on the introduction of time-stamped digital documents and how that has led to the evolution of immutable, distributed ledgers.
Dr. Stornetta is Partner and Chief Scientist for Yugen Partners.
Dating back to 1991, his pioneering series of papers, written with co-author Dr. Stuart Haber at Bell Communications Research, received the 1992 Discover Award for Computer Software, and were featured in the New York Times in 1995. This helped lay the foundation for blockchain, Bitcoin and other digital currencies.
Dr. Stornetta was Assistant General Manager of the 125-person Mathematical and Computer Sciences Laboratory. He has consulted for many years, evaluating the commercial potential of emerging technologies on behalf of universities, commercial research labs, and venture capital interests. Along with Dr. Haber, he co-founded Surety, a Bellcore spinoff. Surety’s offering constituted the first commercial deployment of a blockchain.
Dr. Stornetta received his Ph.D. in physics from Stanford University, after attending MIT, Harvard, and Brigham Young University.
Yungen Partners Website: https://www.yugenpartners.com/team
Forbes Article on Blockchain Introduction: https://www.forbes.com/sites/vipinbharathan/2020/06/01/the-blockchain-was-born-20-years-before-bitcoin/
Wikipedia – Blockchain: https://en.wikipedia.org/wiki/Blockchain
Dr. Stornetta’s Keynote Address at GBA Event (Jan 31, 2020): https://www.youtube.com/watch?v=WsoFYDK5828
Reference site for Dr. Stornetta’s research work: https://immutablerecord.com/