ChemCrypt – Suitability of a Specific Approach for a Physical Proof of Work

  • Partner:

    BASF SE

Decentralized consensus on the state of the Bitcoin blockchain is ensured by proof of work (PoW).  The ChemCrypt project aims to develop a physical one-way function with the goal of transforming a digital, electricity-consuming consensus mechanism into a physical process. As an approach, a specific setup based on printing and optical analysis of pigment-carrier composites is investigated.