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Blockchain and Cryptocurrency: Between Reality and Virtuality
A workshop on blockchain and cryptocurrency, one of the 4th Industrial Revolution Workshop Series, was held at the KAIST main campus on March 7. Experts from industry, academia, and research gathered and shared their opinions about blockchain technology, which is currently gaining huge attention along with cryptocurrency. During the workshop, four KAIST professors and four experts from institutes and business examined the scope on the possibility of blockchain, technology for the Fourth Industrial Revolution. Moreover, they discussed a variety of issues including mining, wallets, cryptocurrency, information security, smart contracts, and ICOs. In a previous blockchain tutorial, Professor Yongdae Kim from the School of Electrical Engineering at KAIST and Professor Hyoungshick Kim from Sungkyunkwan University opened up a blockchain tutorial which provided a technical understanding of blockchain, such as the birth of cryptocurrency, algorithm design, and exchange methods. Professor Jungho Kim, who is in charge of this event, said, “This workshop will broaden the understanding of blockchain, which can provide a foundation for a national growth engine.”
KAIST Team Wins International Hacking Competition, "SECCON CTF 2014"
KAIST’s white hacker team, “TOFEL Beginner,” secured the first place in an international hacking competition, SECCON CTF 2014. SECCON is an international hacking competition which has operated for more than 20 years. It uses the Capture the Flag (CTF) method. Last year’s competition was held in Tokyo on December 7, 2014. The TOFEL Beginner team consisted of two KAIST graduate students and two researchers from a private security company based in Korea: In-Soo Yoon of Computer Science, Eun-Soo Kim of the Graduate School of Information Security (GSIS), and Jong-Ho Lee and Jung-Hoon Lee of Raon Secure. Of 4,186 competitors, 24 teams made it to the finals. The TOFEL Beginner took the lead with 4,506 points compared with HITCON (3,112 points) of Taiwan and PPP (2,858 points) of the USA. With this victory, the KAIST team qualified to participate in the most renowned international hacking competition, the DEF CON Hacking Conference in 2015. Professor Yongdae Kim of the Electrical Engineering Department at KAIST, who advised the TOEFL Beginner team, said, “Our members have achieved an outstanding result. By taking advantage of this opportunity, KAIST will continue to offer the best programs in information security in Korea and hopefully beyond.”
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