IOHK
IOHK
Logo of IOHK that says "Cascading disruption".
Inpout/Output HK is a research and development company dedicated to bringing innovation in blockchain and cryptocurrency technologies. They are an industry leader in the fields of cryptography and distributed systems.
About
The company was found in 2015 by Charles Hoskinson and Jeremy Wood with the commitment to using a peer-to-peer innovations to provide financial services to the three billion people that don't have them.
They have since become a presence in Blockchain and cryptocurrency as an engineering company that builds cryptocurrencies and blockchains for academic institutions, government agencies and corporations.
Cascading Disruption
As a founding principle of IOHK, cascading disruption is the idea that most of the structures that form the world's financial, governance and social systems are inherently unstable and thus minor difficulties can cause a ripple effect that fundamentally reconfigures the entire system.
The company has since grown a network of academic partnerships that support its research and the Blockchain Technology Laboratory at the University of Edinburgh serves as the global headquarters for its university collaborations.
With its twin pillars of research and development, Input Output aims to shorten the time between academic research and its application in industry, while supporting the education of students who will contribute to the future of the area.
All the work Input Output produces is open source and patent-free.
The company is incorporated in Hong Kong and has a global presence, with now about 70 workers based around the world, including in Japan; the US, the UK, Russia; Latvia; Ukraine and Argentina.
In August 21, IOHK achieved place in top 15 finalists for the Global CBDC Challenge held by the Monetary Authority of Singapore (MAS). This challenge received over 300 submissions from 50 countries across the globe. IOHK proposed solution for addressing the problem of offline transactions. The 15 finalists, comprising financial institutions, FinTechs and technology solution providers, such as ConsenSys, ANZ Banking Group, Citibank (Singapore), cLabs, Inc, Extolabs, Xfers, HSBC Bank Singapore, IBM, Soramitsu, Standard Chartered Bank, Giesecke+Devrient advance52 GmbH, Criteo and IDEMIA. These organizations will help to progress the acceleration phase of the Global CBDC Challenge.[13][14]