Tensor networks and the renormalization group

Tensor networks offer an efficient representation of many-body wave-functions in an exponentially large Hilbert space by exploiting the area law of ground state quantum entanglement. I will start with a gentle introduction to the tensor network formalism. Then I will describe its application to realizing Wilson's renormalization group directly on quantum lattice models (e.g. quantum spin chains), with emphasis on the RG fixed points corresponding to conformal field theories. We will see how to define both global and local scale transformations on the lattice in such a way that, intriguingly, conformal invariance can be tested (and conformal data extracted) right at the UV cut-off scale.