TU Delft and ABN AMRO to Team up on Open Source Blockchain Development

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Dutch University of Technology is set to collaborate with Netherlands’ bank ABN AMRO on the development of more complex Blockchain applications. The aim is to deliver a secure, working application in just six months. In addition to developing the application, ABN AMRO staff will also attend courses on Blockchain applications in the TU Delft Blockchain Lab.

Practical application

Arjan van Os, Head of the ABN AMRO Innovation Centre, describes the situation.

“We are delighted to be able to work with an expert partner like TU Delft. This offers us an excellent opportunity to expand our knowledge and gain a deeper understanding of the ways in which Blockchain applications can be used. The fact that it is being approached from a scientific perspective makes it especially interesting.”

Blockchain Lab @TU Delft

The application will be based on previous work done at TU Delft on Blockchain technology, which was recently amalgamated within the Blockchain Lab. TU Delft has been working on Blockchain since 2007, when the specialism was still known as distributed accounting systems.

The research at TU Delft focuses on practical applications: developing next-generation Blockchain technology that can deal reliably and appropriately with large amounts of data and large numbers of users. 

All of the code developed will be open source. During this phase, dummy data will be used exclusively, rather than data from bank customers.

Richard Kastelein

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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