40 Burst results for "Blockchain"
Fresh update on "blockchain" discussed on Software Engineering Daily
"Right. And maybe this is a naive question. But you're you are in staging or your thing. Here soften staging. Why isn't there some way to run this on like a few. Aws nodes like. Why would you just do that. Yeah so i think that you know the eventual goal is definitely to get something that is deployed on a completely decentralized and permission blockchain but in order to do that we have to build with that in mind now so that means that we have to build our smart contracts using the solidity programming language or at least like some programming language with a compiler that can target theory virtual machine. And i think that you know we could. For example do things like spin up our own proof of authority network with nodes. That are run on on like. Aws boxes or something like that. But for now if our eventual goal is to target some sort of layer two or some like vm compatible. Chain or construction. Then you know for now. We've just found that it's been it's been very very easy and convenient to deploy onto extra and it would actually take us. I think more effort if we wanted to spin up some. Aws boxes run our own network or even run something like mocks. The blockchain early on we actually did build out a mock chain which was a web server that exposed the same interfaces as as a blockchain would at least to our web client and and you know we were able to sort of like right the logic of the game in java script and stuff like that but that actually turned out to be like more of a hassle because then we were maintaining the mock chain as well as the smart contracts which were eventually going to get deployed to a network and this client that had to be able to connect to both so yeah. I think it is like a sufficiently different environment. That it's been easiest for us to develop specifically for the blockchain all right so continuing our crypto gaming bingo board. I have to ask you about issuing an in game currency. Can you do that in a legal way. I i'm very curious about the legality of in game currencies and how you can use them in game. Yeah so we actually have not been thinking about this question too hard because for us right now like the goal is really just to build a fun gameplay experience i so for example like there aren't really economic mechanisms built into the game which i think is actually like from my perspective. The thing that excites me most about crypto is the tech in this idea that these applications are fully compatible. Client agnostic interoperable. They can lean into a lot of you know like they can harness a lot of third party developer ecosystem energy so for us. We actually like we don't currently have any sort of concrete plans to issue in game currencies or something like that. You know who knows in the future. It may be possible. But we've found that by focusing on the tech and on the gameplay experience we've also had this nice second order effective the community that starting to get built around. The game is very focused around stuff like development and the game for intrinsic reasons rather than extrinsic reasons like the token of the game. Going to go up or something like that. We're trying to avoid building out like a community that's based on speculation or something like that at least for these like early days. We we really want to focus on making a good core gameplay experience certainly but think about i. I haven't played any of these games in detail. But as i understand. Second life world of warcraft diablo. These games have currency in them and the currency creates this really fun second order ecosystem within the game crypto seems to just supercharge that right. Yeah that's definitely true and we do know that like some economic activity is happening out of band like players are treating items for our artifacts in the game for other cryptocurrencies or they're making trades of planets or various other assets within the game. So we think that stuff is going to evolve naturally and fact because Crypto makes it so friction lists for this to happen. It's it's gotta happen at some point. But i think like for us. One of the advantages of being on a blockchain is that we do not control this activity for example. We're not controlling the on and off ramps where people are loading money or value like into their crypto currency wallet. That's something that's happening on. A lower level of abstraction from us and because of that. I think that helps alleviate some of the concerns about like are we facilitating the transfer of certain assets with economic value. I know that like a lot of games are really cautious about these other about like out of band. Markets where say like runes gave gp or while gold or. Something is being exchanged for money for a variety of reasons for us like the interesting thing about building on a blockchain is like just like the game is client agnostic from the very beginning. We simply cannot control what what client players are using to play the game. Similarly any sort of economic activity that players are engaging in something that is to begin with out of control. We're deploying these smart contracts up to the blockchain anyone can interact with them however they like in some sense. We are just one of many participants in this open and permission. This ecosystem Participate as long as there. Aren't you know once. Things like admin controls and stuff are removed from the contract no participant can dictate dictate. What economic activity does or doesn't happen of all the things you could work. On in crypto there are so many so many domains you could focus on. Why are you focused on gaming. I'm personally excited about gaming. Because i think that gaming allows us to present a vision for the future in a way that might not be realizable with more. Say like high-stakes applications today so for example. I think that a lot of interesting activity is going on around the idea of interoperable contracts built on dark force that might allow for things like player guilds or organizations and. I think that in the long run these might allow for a safe experimentation ground for things like dow's or governance structures or other things for for crypto native worlds so to me. It's really exciting. Because we get to prove out a lot of things that could one day become core patterns whether in blockchain technology and programming or blockchain governance and organization but in a way that we can. We can very very quickly. Obviously it's also very fun instability. Game like i played a lot of games as a kid and in the day to day. It's just exciting to try to put together a compelling set of mechanics as well so that i think is sort of the bundle of resources that gets me really excited about crypto gaming so you see dark forest as essentially.
The Emerging Role of Bitcoin in Spreading Malware
"So professor what we are talking about here. Today is the work that was undertaken by yourself and your colleagues on the emerging row of bitcoin empowering advanced malware and what we're really looking at here is the use of bitcoin blockchain to cigna the location of the master bought and for some of our listeners. Who are not too familiar with this. Concept are some call it the command and control infrastructure or the c to order. Cnc which you be able share with us the inner workings of this See to cnc infrastructure in spreading propagating executing malware to launch ransomware. Didata tights certainty. So when you are a criminal and you want to infect machines for your personal gains for example to use them to send spam messages or to mine cryptocurrency or to do advertisements. These kind of things you are going to cast a wide net and you're going to infect machines on the checked for example by by fishing or by drive by most these things but then the problem is now you've infected a number of machines let's say hundreds or thousands of computers which are now running your mail. We're how'd you get commands to them. How do you instruct them what to do. So what you need is a commodity control server some machine some central point way. All of these infected computers are contacting asking for things to do for example which emails should send out or whether uploading some too because some of the malware might be stealing your credentials. Your passwords credit card information somewhere this inflammation needs to be dumped so that the cyber criminal can actually make use of it so this is what we call a commodity controlled server. And that's kind of essential point the over your point where the buck nassir has an oval. That's currently going on. Like how many butts are there with. They can send commands and we even know about the si infrastructures where the buck nasa can take chunk out of the button it and rented out to other people
Fresh update on "blockchain" discussed on Software Engineering Daily
"Slashing other validate irs if valid eaters act not in accordance with the protocol. Is they do something illegal than they can be slashed with the native current with the steak token i believe. And yeah it's it's not going to rank as high on decentralisation but it is very convenient i think as a network with low gas fees and a place that kind of proof concept for a lot of applications and and there is a lot of real financial activity. I think being transacted on the network as well so this is fascinating to me. Ex- x i is actually. There's actually people working on it and it's like a profitable thing because they've got a token yes so i believe that the i'm not a hundred percent. Sure if this is exactly technically correct but you know one of the foundational parts of the style network is the steak token. And what's going to happen. Is that each of these about a dozen valid. We're gonna put up some steak. Token and essentially the protocol is going to say that if one of the valid ears acts in a way that's not accorded in accordance with the protocol rules. Their stake of steak token can be burned or slashed or probably like redistributed to other validate or something like that. I'm not one hundred percent sure. But i'm aware that like at least like there are a class of side chains that have mechanisms such as this. It's interesting to me. Because i i hadn't i hadn't even thought about i mean i guess i mean the use case that you're basically describing is staging infrastructure for at theorem smart contracts or i guess more centralized infrastructure could be used for staging it. I'm this is i'm not. I'm not super familiar with the with the crypt ecosystem. So this is an interesting realization for me that there is this kind of staging or infrastructure can be used for staging yet and this is kind of what tests also were used for largely so for example at the union has a number of tests nets many of which have different consensus mechanisms. The robson tests net is uses the proof of work consensus mechanism. So you can test your minors on that one. Other ones are proof of authority. So basically there's like a small permission set of nodes that can push new blocks to the network and oftentimes before a production release on may net. Applications will cast out deployments in these kinds of test environments as.
Blockchain: What Is It Good For?
"Thanks the perfect storm of slain. You saw big marketing budgets and elon musk's tweets blockchain has been hyped beyond belief. And it's also been made more complicated than it leads to be. More i could up angolan go. My name's ingram go. I'm senior vice. President and chief technology officer for a special intelligence at hewlett packard enterprise. So first question. What exactly is a blockchain. Let's start with a public blockchain first. Let's use an example of a analogy of a of a ring binder. You've got this notebook with many blank pages bound by a ring ring binder on page one the record number of transactions. You know. maybe. Jim pays john two bitcoins and sarah pays jim ten bitcoins and so on and so on then on the next page You have the same again. Set of transactions being written down on it and the knicks page and then expansion so on so if if you imagine each page is a block and all the pages of bound by the ring bind up being the chain. You actually have a a blockchain there right. So that's what blockchain is except for the fact that in a public blockchain this ledger or this record. Write this chain of pages. Chain of blocks is digital and is distributed to everyone publicly equally publicly with no central custodian. Why you want to use a blockchain. There are two major reasons. Why you want us a blockchain right first and foremost this when you wanna keep record of an entire sequence of transactions especially if you want to go all the way to genesis the beginning and secondly you won that record to be transparent that is you want the decentralize it by distributing copies of the same sequence records to everyone equally with no central custodian
Fresh update on "blockchain" discussed on Software Engineering Daily
"Yeah so if you're a player in you're coming in and you are not coding. You're using our default web client and the default web plant basically allows you to do a small number of fairly simple actions so the first one is that energy is a resource that is naturally going to grow over time on planets that you own you can move energy from a planet that you own to another planet that you just as simple kind of click and drag. You can decide you know how. What proportion of the energy on the origin planet. You want to send and if you are sending energy to an unknown planet. That doesn't currently have another player. Owner sending energy to that planet will conquer it. So that's sort of the most basic like core gameplay loop now besides planets there's a couple of other celestial objects in the game such as asteroid fields where you can mind silver which is the economic resource of the game. Now if you conquer an asteroid field it will start to build up this economic resource over time and then you can. You can ferry that over two other different planets and use that to upgrade your planet's upgrading various Stats like the speed at which they can send moves or the range that they can send moves or the defense of the planet which is useful if you're under attack by another player and that is pretty much it beyond this pretty much. Everything else is going to be constructed by the players so for example you might run into another player and there might be like some very valuable or important planet that both of you would like to hold. You both might engage in some sort of negotiation. Like i might trade some map data. That i have that i've i've explored this section of the universe. You haven't exported. I might trade that for access to this planet. Yeah other than that we. We pretty much leave it entirely to the players. I guess the last kind of important component that was introduced in the last two versions is this notion of artefacts so in objects called foundries if you conquer foundry then you can prospect foundry to find an nfc artifact and this is essentially a item that allows you to power up a planet. It's almost like a transferable upgrade so some artifacts will allow your planet to Have a stat boost increase others might confer like some sort of special effects like for example. The black domain artifact allows you to essentially just nuke a planet just destroy and remove entirely from the game. So there's also these items that are floating around the universe and players are sort of contesting. And i think that gives rise to a lot of interesting dynamics as well. I don't think we can do the game. And it's interface justice over audio would encourage anybody who is intrigued at this point to check out the interface it is it does look like basically a like a screen from an atari game flanked by two text like text terminals which is pretty cool. So now that we've given a bit of an outline for what the game is in how it looks talk about the architecture of how is this game actually written deployed right so the thing that corresponds most closely to a traditional game back end is a set of smart contracts. That's deployed to an athenian virtual machine compatible blockchain. So i think for the first versions of the game. We were deploying on the robson tests network which is actually testing. That that's going to be more or less identical to the a theory may net. But you know it's not really endowed with economic value. It's it's purposes mainly testing out. Applications in low cost settings now we deploy our contracts to exile which is a side chain essentially. that's a blockchain that uses uses a similar sort of virtual machine that if theorem does it's the same vm. but basically there's a different consensus mechanism. And it's we treat it as sort of like a staging environment for the game while it's still in beta because if you're Cost super high but gas costs on these side chain. Staging environments are much much lower so we have the set of smart contracts that's deployed onto the vm. And additionally we also provide a default web client for players to interact with the game with so if you go to the z. K. g. dot. Me is game. you'll load up. A default web client is just a static site that essentially connects to a chain note and allows you to download data from the blockchain. So that you can build up your representation of the game in your browser and whenever you make a move it will send a transaction up to the blockchain that you'll have to wait for that transaction to get confirmed in mind and then it's reflected in your browser additionally beyond that we also provide you know. The game is open source. So we also provide all the client code online on get hub as well and i know that a lot of players will fork this client repository customize it to their own liking and basically run that locally and they're able to connect to the blockchain as well either by connecting to a public blockchain node or by running their own blockchain node as you described the application runs on the x. Died network this ethereal compatible network. That is not on a theory that you can avoid. The gas costs out of curiosity. How does that work. Is it just like you've only got a few boxes out there or are they on. Aws or something. Like what is the die network. Yeah so the style network is essentially going to be. It's going to be very similar to the theory may net except with the different consensus mechanism. So on the athenian main net if theory uses a consensus mechanism very similar to bitcoins. Which is proof of work. So i have. All of these mining nodes all over the world basically racing to try to put together the next block and mine out some hash pre image that corresponds to a hash starting with some number of zeros and that consensus mechanism is a very like open decentralized and permission list one anybody can join it and you know. Obviously there's there's downsides as in terms of the energy costs and things like that but that's what at the area has been on for many years on the other hand side chains side chains exi- exist which basically are closer to a hybrid like proof of stake or proof of authority sort of consensus mechanism so in particular on xtra. I believe that there are about a dozen validate that are these are like the dozen special nodes that are permission to mind blocks. And and push them up to the network. These valid eaters can vote on various protocol governance things like adding valid or.
Tokenisation of Assets and Potential Implications for Financial Markets
"Iota. Welcome to injure blogs. Could you please give our listeners. A quick introduction on yourself. Hey thank you very much for the invited. Sa- great pleasure to be here today and to participate to the ensure block series of discussions. I do hope today's is an interesting one and then informative one for your listeners. And let me just also mentioned that i i personally admire your rebalance airs project and i find it an extremely worthwhile and timely project so kudos for that in terms of my personal background. I've started my career as an investment banker. in london. i worked for the desk of merrill lynch for my analyst years and citigroup for my associate years and then i switched to the policy space and joined the oecd where spent the past almost nine years now working for the committee on financial markets Over the past couple of years of the committee has set up a working level group on an informal setting. it's the expert group on financial digitalization and comprises representatives of central banks finance ministries treasuries and other financial authorities or varsity eight always de members. And this group looks into fintech related matters in financial markets and their policy implications including the area of blockchain in finance. So this is a bit of my background and let me just also give the usual disclaimer. That's of i express here. Today are my own views.
Fresh update on "blockchain" discussed on Software Engineering Daily
Bitcoin Mining With North America's Largest Miner
"Our guys bang bang. Got fred here. Thank you so much for doing this. Thank you great to be here absolute. Let's get started with marathon in kind of your background. So marathon is one of the largest. Bitcoin miners in north america. What did you do before you on the board and then became the see you so twenty. Five plus years running technology companies across a variety of sectors. Fintech was a big one. Matter of fact my first programming job was at a bank so grew up really understanding the friction. The financial markets was had the good fortune taking some companies public. Doing a lot of a and then switch to the dark side became a private equity managing partner and did leveraged buyouts tech companies and then started advising really large funds and tech companies. I had known the ceo. Marathon merrick former ceo now executive chairman for many years socially or kids grew up together and i joined the board in two thousand eighteen. Really that help him with kind of the transition to bitcoin. Mining and blockchain always been fascinated by blockchain. I think it's a great leveler. If you look at kind of how the internet developed and brought kind of the democratization of information i think people exposing data on the blockchain is going to change. How businesses operate imagine companies like salesforce. Who effectively hold your crm data hostage. If all that data around the block chain not only could use salesforce taxes and gained benefit from it. But you could use other applications. I think there's just a were so early in this blockchain development. Bitcoin cryptocurrencies. Just one part of it. I'm a big believer in the bitcoin. Blockchain foundation for financial institutions very secure fully decentralized network. You know you can say other things about ethier. Money has some great benefits. But it's still is less decentralized than the bitcoin blockchain and there's just so much you can do so. I was very excited at the opportunity to step into more of an operating a marathon. And i think now's the time where you'll see. The miners become more professional. Companies were real enterprises. If you just look at the build out plans most of us have you know. We'll be billion dollar revenue companies within the next year and a half to two years and those become big companies and they need to be run in a proper way with good
Fresh update on "blockchain" discussed on Software Engineering Daily
"Now. I'd like to make a little bit clearer. What you just said at the tail end of what you just said you're talking about. If i understand correctly cryptographic verifiable private information new in game private information. So maybe that you could cryptographic louis verify that your whole cards in poker are not being exposed is that am i. Understanding that correctly is at an application. Yes so what you might be able to do is you might be able to draw cards privately from a deck and essentially ordinarily without something like z. Case you might have to reveal your cards out into the open to ensure that later you don't cheat and play card that you don't actually have but with something like zika snark you'd be able to draw cards into your hand and then in a future round when you want to play a card you can reveal one of the cards and uses e k proof to demonstrate that all of those actions ago when you drew cards you did in fact draw one card but at the time the diem other players wouldn't have known okay. This is so hard for me to grasp because like if the code is closed source this is impossible to do. And if the code is open source then why would you need the zika snark. You know the series of computational steps that are going to be applied right like. I still don't understand. What the zika starks. Snark solves here yet. This is a great question so maybe as an example. I'll take kind of a toy version of of the mechanic. That's going on in dark forest. So let's imagine that we have a game where location information is private. So you know maybe you have some pieces on a board on a really large board with other players but you don't want players to know where your pieces are says you know something like battleship or something. Imagine also that you can move your pieces around so you know variant. This might be a variant of battleship. Where you've got submarines and you can move submarines underwater but you don't want other players to know exactly where you're submarine is what you're going to do is you're going to be storing locally this private data about the actual coordinates of. Let's say you're submarine right. And you're going to upload a commitment to this private data up to the blockchain so you might hash these coordinates for example and upload hash to the blockchain. but you're not gonna upload the coordinates themselves that's going to be stored i e if this is a browser game in like your browsers local storage now whenever you want to make a move what we need to make sure on. The smart contract side is that you're not say teleporting your submarine across the map in a way. That's not allowed by the rules of the game. So what you'll do is locally. You're going to update the coordinates of your submarine from. Let's say one comma one two three two or something like that. Then what you'll do is you'll publish a commitment to your new private state alike the hash of the coordinates three comma to up to the blockchain and because hashes are hard to reverse anybody just looking at that hash. Let's it's like assaulted hash. Anybody looking at that isn't going to be able to reverse engineer your private data. Which is the location of your piece. The submarine and then in addition to that commitment. You're also going to publish a proof that there was a valid state transition between your first private state and your second private state so for example. Let's say that you know. In this submarine game. Submarines can move like nights in chess so they can move l. shapes so you're basically going to publish of approved to the blockchain that i moved my submarine from secret location. A to secret location be. I'm not gonna tell you what secret locations a and b our but this proof does prove that the move was an l shape not gonna say anything about the orientation of the l shape or anything like that just that it was indeed a valid l shape and a valid move. Okay but why do you need crypto for this. Why doesn't the game server. I mean i know that this is like this would be appealing to centralization because there's some game server but even if the game server is an eighth a set of contracts like that does the trick right. I don't understand why you need the proof what's going to happen is like because i'm hashing my private state. I'm uploading a commitment to my private state from which my private state can't be inferred right. So if i'm sending some hash of those co-ordinates one called the one that submarine started on to the contract. And then without ezekiel proof. I decided i wanted to cheat and move my submarine all the way across the map to say the coordinates ten ten. I would just be up. All the contract would be seeing would be like the hash of the coordinates one caller one and the hash of the coordinates ten content. But it would into know that like those hashes correspond to those coordinates. It just sees these hashes as essentially random strings so the contract wouldn't be able to verify that there is a valid state transition between the first private state and the second private state to the contract in any outside observer these just like random strings of lights and they have no idea of checking for the validity of like. Is this player. Trying to trying to cheat me. Are they trying to do something illegal. That stuff has traditionally either been done by either making all of your state public or else you wouldn't be able to verify but but zeki proofs allow us to do this in a way such that..
Enabling an Open Mobility Ecosystem
"On very pleased to welcome. Harry barons co-founder of block. Move harry to intra blocks. Could you please give our listeners. A quick introduction on yourself. Well yes thank you very much for having the ear and ya'll's introduce myself so i'll keep it simple until this monday. I was the head of the dime nobility blockchain factory where we built a mobility blockchain platform. I'm a software guy. Woods who have software background in i started to two ventures already worked in every single software guy compulsively work always applying software especially distributor software to business needs. And now i have the opportunity to basically a management buyout of the diamond mobility blockchain platform. And that is the core of what brooks would bring to the market in the next month us very very exciting that way to to pack that with you. So thank you for that Harry so as you know Our first question we ask. Our guest is what is blockchain. And how does it work. D- fancy giving it a shot. I mean there's many ways to look at it but In the context of using it i would refer to it with synonym which is distributed ledger. so it's the way he wear independent parties can keep or shared truthful facts which they believe in which reflect the transactions. They conduct among jobs. So think of it has appeared to appear many system appear to pure. Sad that is essentially what it is and it's completely independence. Peer to peer is very easy to use want yuma moderate and it has a very high degree of trust which means parties that do not know each other and they do not trust each other. Generally speaking can still conduct business to the level that they share bookkeeping if they share money that they share the coin base and trust that. What is in that district of ledger. Reflect the actual reality of the business relationships between the
The M.T.A. Is Breached by Hackers as Cyberattacks Surge
"Nyc transportation authority heck using pulse. Secure zero day back in april chinese beck threat. Actors breached. the network of new york city's metropolitan transportation authority by exploiting a pulse. Secure zero day vulnerability. According to mta's chief technology officer rafael portnoy while the attacker successfully hacked into mta computer systems. They were not able to gain access to employees or customer information which portnoy attributed to. Mta's layered security controls. Mta mitigated the vulnerability on april twenty first one day. After poll secure issued an advisory cybercriminals contest defined new crypto currency exploits april twentieth prevalent russian-speaking underground forum initiated a contest calling for its community to submit new methods of attacking crypto currency and offering a one hundred fifteen thousand dollar prize to the winner according to intel four seventy one's senior vice president of global intelligence. Michael d bolt some of the top ideas so far are generating a fake blockchain front end website to steal info such as private keys and balances creating a new crypto currency blockchain from scratch increasing the hash rate speed of mining firms and botnets and building custom tools to parse cryptocurrency logs from victim machines the contest which is expected to run through september first is a reminder that criminals continue to collaborate and explore cutting edge techniques to help further their motives. Fbi confirms revival as jbs ransomware attacker. The fbi confirmed on that russian cybercriminals group revival is responsible for the ongoing ransomware attack targeting gb s. The world's largest meatpacking company the fbi issued a statement indicating they are quote working diligently to bring the threat actors to justice and quote. Rievaulx is notorious for pushing. The boundaries of the ransomware is a service industry and targeting high-profile victims including former president donald trump and lady gaga with attempted extortion schemes.
QuickNode on Building World Class Blockchain Infrastructure
"All right guys bang bang. I've got my friends from quick. Note here hello. How are both of you. This is the first to person interview that we've done in the new studio. Some guys are Are guinea pays. We're gonna hopefully this works Less i wrote the quick node story right and just kind of starting there and that will lead us into some of the data infrastructures. Actually happening in crypto. Walk me through kind of your guys around to get to actually starting quick now right what you very technical right. Very kind of well-versed. In terms of of a lot of computational power and infrastructure. what did you do before. We get their shirt So Alex co-founded managed hosting company like back in two thousand one. Maybe even earlier. You still not surrounded early. Internet stuff and You know we. We built out a company that was managing thousands of servers in like over ten data centers around the world So like we got awesome experience on how to be like on the provider side and how to build global networks Manage all different stacks of software Then you know there's different projects within that company. You know with regards to like video encoding ad serving. We got to work with a really broad range of customers Twenty two thousand fifteen. We started building our content delivery network Because you know people started the. It's an assault. Be more media rich and you need faster speeds. You couldn't wait for your server. New york know if somebody's living across the atlantic it takes forever to load a video. You know if the video in the united states so we do is clone ad video over to somewhere in europe. So they you know. The download speeds are quicker
Komgo Is Rethinking Blockchain in Trade Finance
"Selena. Welcome to insure blocks. Could you thank you. Could you please give our listeners. Quick introduction on yourself sure nationally went so my name is selena in the founder of congo along signed the team of Going to compete more about. My background is being banker on eighteen years with option. The tests the tennis in geneva clutching their commodity finance business and other than that time passionate moment seeds to be here with you today excellent i. I actually shared a similar point of view whenever introduce myself also a a data to a little wonderful daughters excellent so soon as you probably aware the first question we always ask our guests is. Could you please explain to our listeners. What is blockchain. And how does it work. Sure to try so to make things. Simple announcer here is. It's a distributed ledger right. That is shared synchronized database across multiple participants that enables recording of interactions and transfer information. One of the use cases of wealth is identity or values Whatever between two parties without a need for essentially coordinating right so we do use the technology in today about features and use it because it allows us. We just went pouf up the document us this and it's in your ability to allow users to track the usage of the doctrines and what has been the right for example an invoice who has faded has announced it used to create a digital or the trade off the documents that strongly mitigate the risk of heparin the documents without anybody noticing it over overusing twice a for purposes for example
Could Crypto-Powered Digital Communities Challenge the Power of Cities and States?
"We have had a lot of heavy long reads. Sunday's we've countered bitcoins utility by seeing how bitcoin is used in politically difficult countries around the world. We've discussed the geopolitics of central bank digital currencies. I thought for this holiday weekend. We'd get a little more out there and talk about not places and political groups that exist today but what might exist in the future in the same way that the internet has now evolved native digital currencies. That don't belong to any one company or geographic region. It strikes me as nearly unfathomable that it won't also develop native organizational forms. Obviously we're watching a lot of the proto versions of those efforts with dow's how do you add resource coordination layers to informal social networks. There are many many steps left to evolve here and obviously huge range of networks and communities and people doing so and for today's l. r. s. I'm going to read a recent peace. Bypass balaji shrimp vaseline on one version. Of how this might all look in the future. The network union the network union the network. Union is the antecedent of the network state a social network with a blockchain a leader and a purpose we know how to start new communities new companies and new currencies but the process of founding new cities or countries may require new ideas. Here we describe an abstraction we call the network union a social graph than a tree like structure with a leader a purpose a crypto based financial messaging system and a daily call to action the network union integrates from traditional unions start of corporate structures. Facebook groups crypto tribes style shadow cabinets on one level. It's a straightforward integration of the tools offered by blockchain's with the existing functionality of social networks. On the other hand it's a way to go from an influence or posting online to escape scaled community with digital bylaws crowdfunding capability a track record of collective bargaining on behalf of its members and numerically quantifiable level of social capital. It is an intermediate form between mir online communities and full-fledged network states bowling alone but posting together
Here's Why We Believe ETH Can Overtake BTC
"Episode. I'm gonna be covering why ethereal and it's been a long time coming but how it's going to be the major currency all right. Everyone talks about bitcoin and unfortunately bitcoin is windows. Ninety five and finally you know. I was hoping that people are realizing that. And that's why that initial run was happening a fourth theorem. And i'm gonna talk about in this episode. The three or four main reasons as to why if theorem is actually going to be the dominant Crypto or i and you can even goldman sachs has their version of it. Just drop recently and You know once you start actually understanding. The blockchain does get out of the hype of over bitcoin. Or whatever you want to actually understand. What's the difference. Between block chain crypto currency. bitcoin theory. You understand that. Ethereal is actually the true vertical the true Crypto currency. that has the technology to scale. Are i and that's why it's ethereal not bitcoin. That's gonna be the crypto of the future and again this. His investment advice is purely educational. But i wanna make it clear. As to why even companies like goldman sachs are able to showcase that uranium is the future or i the first major point in the most simplest reason as to why this is the case is just because of the er see twenty technology all right so the twenty technology if you don't know what it is that it's basically the you or mainly looking at any old coin any wallet any most of what you're looking at and what you're trying to do in crypto currency when you're trading learning or anything these are coins. Icao's nature are released on an ear. See twenty type of scale which means it's built on the area m- blockchain not
Crypto's Awful Weekend
"In the world crypto currencies. It really was anything but quiet a selloff that was still keeping. The market's attention on friday lengthened into the weekend with bitcoin around thirty two thousand five hundred ish on sunday ethereal itself saw its own coin fall to around nineteen over the same timeframe now since then things have gotten better with bitcoin rebounding to around thirty seven thousand five hundred and ether to around Two thousand three hundred fifty and keep in mind that you know you're going to hear this an hour after i vented coordinates if those numbers change. Don't bite me. It's just that's cryptos go anyways. Both coins remained far far below the all-time highs they set very recently a force. Bitcoin spiked sixty four thousand and either cracked about forty three hundred before losing more than half its value. So it's been rough you know it was a rough weekend. Why do we care well. We care because the crypto focus portion of the venture capital world is not getting smaller overtime. There's more and more capital into these companies. It seems and also kind of critically the number of companies both startup and mature in general the generate. At least some real news from bitcoin and the the broader crypto world is going up. That means we're talking about robin hood not just coin base and square not just blockchain dot com. That sort of thing. The increasing horizontal nece essentially fintech means that the number of companies with at least a toe in the crypto market is larger than ever and as we know that trading volumes in the crypto market to follow price changes seen such sharp declines is not good for more companies than you probably think now in response to what i just said. Coined based stock of is up. Three percent pre-market trading. So you know twenty twenty. one things. Don't make sense take everything the grain of salt
The Unexplored Risks of a US Digital Dollar
"Now read dante disparties as peace. A central bank digital currency would be bad for the us calls to catch china on digital currency downplay. The promise of open financial technology says circles head of global policy. There is a frenzied if inaccessible debate taking place among think tanks policy experts and media outlets signaling that the us federal reserve should launch centrally issued digital twin of the us dollar among the many arguments. For why this is necessary is that the. Us is losing ground in china. Government has a national blockchain strategy including a real world prototype central bank digital currency well. These arguments are valid. They miss the larger point. Which is that. By today's hyper competitive digital currency and blockchain standards the us may not be a laggard at all but rather is already winning the race for the future of money in payments in trying to out china china on these important issues. We miss that. The future of money and payments should be about enhancing domestic financial optionality upgrading payment and banking systems enhancing interoperability and open banking standards requires a major upgrade in the technology stack that supports value transfer and more open financial services innovation. That was exemplified by the original version of the covid nineteen relief. Bill the cares act which called for the creation of a digital dollar to expedite domestic stimulus payments while trusted privately issued digital currencies already in circulation along with growing interoperable blockchain based payment system legacy financial rail such as ach efg and other interbank transfer. Networks have not had an update in fifty years. Blockchain based payment systems represent the completion of a lot of unfinished work in the financial services value chain. Which has left more than one point. Seven billion around the world has unbagged rather than a source of disruption or circumvention
ClaimShare, a Use Case in Confidential Computing
"Chaim. Welcome to injure blocks. Could you please give our listeners. A quick introduction on yourself. Thank you very much for having me. I'm yeah sure so. My name's james. I'm based out of beautiful city of antwerp in belgium. I've been working at influence you for about two years as the lead for the emerging Emerging markets abusive elements and. I've been working on the ship. Product for the lost thin months review focusing on the go to market strategy. I'd be very excited about the elti. In general be working with him for five years already and and very happy to be here. Thank you actually. And it's great to have you with us so shame i'm gonna bombard a few questions now around definitions and so the first one. I'd like you to give us an answer. Is what is blockchain. And how does it work. And then we're going to fill up to the second question. Which is what is confidential computing. So let's start with the first one. Kitty tell us what is blockchain. Yeah sure I believe everyone has slightly different than what blushing release for myself. i would say it's really addicting -nology that it's different actress to collaborate with shuttle without forty hadn't Each other and this by having distributed nature and its database. You can have a debate that decentralized but the way that they handled is also decentralized so really following coat that you can be sure that everyone is processing the data. Same is one of the key attributes to look chain. I'm really is. And i believe sliding off topic of your question but there has been a lot of discussions often better. You would need to use book. Shane or it can happen centralized and i believe that's not always a fair question to ask so. I think you need to look at it from a business point of
Theta Token (and TFUEL) - How To Buy Theta Token in 2021
"I want to talk to you guys about theta and how it's going to be one of the biggest next kind of cryptos going up right now. So it's already hunted shooting up. And i just want to explain the background behind it. What's interesting about it and kind of how you can utilize it as one of the main old coins in your kind of thesis and again just for a disclaimer. This is purely educational. This is not investment advice So yeah let's just get into it so theta as you can probably see all right now shooting up not anything too high in the last twenty four hours but compared to the rest of the crypto market with it kinda completely crashing Theta has been picking up ever since kind of Beginning of april or so kinda really high shoot. So it's been around for a while. And i'll just give you guys a little bit of background. About what fate aucoin is right. So it's basically the next is a blockchain youtube or that's at least what they're trying to make it all right so that's why it's kinda something to look at. It is created by one of the co founders of youtube. So steve chen and so there's obviously going to be a lot of financing behind it a lot of investment and a lot of focus. Because he is you know one of the co founders of youtube and so this is kind of his next play. Stability of utilizing the Lessons that they learned at youtube and kind of the issues going on with it and making it into the next big thing so I want to go in this episode and video explaining what fate aucoin is. Why shooting up. Why believe it's going to be one of the next biggest crypto currencies out there and yeah. Let's get right into it so you can see this rise going on and so what exactly is it. is basically a you video network video delivery that they're trying to set up ran a talk about theta fuel to Shortly so t fuel. If you've been seeing that you can see that. There's two cryptocurrencies That are in the highest right. Now if you look in the last twenty. Four hours data and data fuel
What Is OXT Coin?
"Hey guys mubarak here. In penny stock and crypto theory. Hope you're doing well in this episode. I wanna talk to you guys about orkid or o x t and y. It's popping off what it does. Add kind of the reasoning behind. Why this should potentially be on your watchlist. Alright you're listening. You've probably seen that. It's popping off right now. In general you know what we do here. At crypto theory is trying to make a focus on understanding and getting a grasp as to which projects and which crypto currencies are actually successful. Or i because there's a lot of different kinds. There's a lot of one's coming up almost on a daily basis and it's important to know where and how you should utilize them whether it's something you want to just us for the fun because of the blockchain or more specifically i bet if you're listening to this it's more so because you're interested in trading them. They're seeing the amount of prophets that can be made. And you wanna kinda take advantage of that. So this is on the orchid website. Right will we want to talk about here is what even is orchid. Alright so essentially what it is you can see is that it's a vpn. Now that's a virtual private network. Essentially at its crypto power till the purpose of it is essentially you know virtual private networks have been used by people around the world for while in order to kind of mask their ip address so they can Engage in behavior that they don't want tracked are because nowadays with everything with cookies with the ability for people to kind of just pick up information and everything is tracked by google facebook social media every think or get allows you to kind of go through on a decentralised. Vpn because at the end of the day even the virtual private networks. You're still working with that company specifically wherever it has providing you that virtual private network so there are still some traceability and so oh t orchid basically use is What's referred to as your twenty staking token so that's off of the ethereal chain But it's still more contract concept
Are NFTs an Opportunity for the Financial Industry?
"We will be discussing. Nf teas are there for the financial industry. Or not and i'm very pleased to welcome charles carrigan partner and global head of fintech at the law firm. Cms charles welcome to insure blocks. Could you please give listeners it. Quick introduction on yourself facts related. I'm happy to be here. So i'm a lawyer at an international law firm and i spent my days wrestling with the challenge of war. New technologies. main for the industry's outlines. What and what. I talk about our clients. That's very broad range from financial institutions that have been around for hundreds of years. Three fintechs crypt type firms blockchain protocols looking around full hundreds of days since sometimes less than that so this is interesting because whilst you know whether they're a established company for hundreds of years or affectively a startup do all how some of the common challenges but i piece from podcast. I'm sure they also have different cultural challenges when it comes with technology. Is that something that sits within the remnant of of your of your job in terms of addressing. Yeah and we see in lots of different ways and the most obvious is probably the way that firms engaged with us and so at often with we're talking about a regulated industries here the financial market security insurance finance banking generally these regulated products that regulated firms and so they've got relationships regulators. They've got magazine issues. In some cases leading with a that's not the case with a lot of the new businesses
In Praise of Bitcoin
"Friend of the show. Ben hunt has been on an intellectual journey with bitcoin over the last year really longer. But he's been especially forced to because we're jerks and we talked to him all the time about it on twitter and so he kind of had to be but he's written a new provocative piece called in praise of bitcoin. And rather than give it a bunch of intro. I'm just going to dive in. Thanks ben for allowing us to read this on. Today's show and i'll be back in a few minutes to discuss in praise of bitcoin. One evening a few weeks ago. I was on a zoom call with a bunch of academic think tank and fed economists for a bitcoin discussion. A lot of names. You'd know if you're familiar with those circles. The most famous one being paul krugman. Who by the way. I found to be charming genuinely open-minded and surprisingly humble about the entire enterprise of academic economics. I had been invited to be on the anti bitcoin side of the discussion but they needed have bothered. Because there was no pro- bitcoin side crumlin lead with a simple question. What's the use case for bitcoin. Not a theoretical thing. But in actual use of bitcoin to solve a problem in the real world which led to an hour. Long extremely earnest and altogether unsatisfying conversation about financial transfers out of venezuela trade settlement and securitisation. On the blockchain and taylor swift's ability to control the scalper resale market for her concert tickets. All of which are real things all of which are interesting things off at your good things but none of which are got twenty busy people on zoom call at eight pm thursday night. None of which are bitcoin now. To be fair there were no old school. Bitcoin maximal is on the call or if they were. They were too intimidated to make an austrian economics. Hard money neo go bug. Bitcoin is the inevitable. Global reserve currency argument in front of paul. Krugman lol finally couldn't take it anymore. Is this really why we got on the phone tonight to talk about a novel. Form of digital rights management talk about payment transfers out of authoritarian third world countries. Are these really are questions about bitcoin. Answer of course. Not what got these academic think tank and govern comments on the phone that night was bitcoin. Trading at fifty thousand the question that everyone truly cared about but a question that everyone danced around for the better part of an hour was this. Is there any there there. In the price of bitcoin
Corey Caplan Discusses Real World Assets on the Blockchain
"Welcome back to imagine twenty twenty. I'm yonaha cows today. I'm glad you joined by corey kaplan partner of the foundation and co founder of dolemite cory. Thanks so much for joining us. Thanks. it's a pleasure to be here so for those who don't know you You want to give a little background kind of who you are. How you got into this whole block thing. Sure so been working in the industry since at twenty fifteen or so Really exciting times to be in here. I started off as more of a user of the industry and Slowly worked on working different boundaries for different organizations found myself really diving in the technology side of really trying to understand the ins and outs of smart contracts it systems actually run them the blockchain consensus all that stuff and just like everyone else that probably got involved in the industry realize how deep the rabbit hole ago and also interesting the rabbit hole could be as he dove down it so back in early twenty eighteen Might with my business partner. Then in late nineteen started to get involved in Diem or defined money market with gregg derek. Defiantly market foundation and overall goal is just to build really cool products. That help. that really does help. People defy markets really focused on bringing real world assets unchain to help diversify people's portfolios in offer broader access to a wide range of financial instruments so leveraging blockchain chain crypto and smart contracts to help the world.
"blockchain" Discussed on The Blockchain Sho?w?
"For sears. Ian not just seed funding showing some indication of product. Markets ships ride. So show us up. People wanna use your solution acetate. And then most importantly one problem solving and that's a dozen big confusion with in altantic around a lot of times. People will pitch a problem to a technology or a solution to a technology problem. What do you want to fix the problem. So a prominent people experience because yes. They're managing -nology problems. But if i don't experience that on a daily basis is not a problem for me i saw. I have a wallet. That has a credit card debit cod. I would fall on that. That has already multiple ways of being amazon. A on me too much and that might be a problem. Attached to that that manifest itself in march counties and so forth so they might be your client but Don't pitch me on the idea that i have a problem things for thanks. I don't have many different ways of doing that. And for me it also seems to be seen as an instant. Even though it's not right. I dont experience. The fact that it doesn't settle instantly like each action settled on average will remind you dates plummeting -nology perspective. It's a big problem and and sold off on sensible also much rating for that money. That's that's also problem. But it's not a problem that the consumer experiences ever so addressing the consumer of that idea that you solving his payment province consumers probably gone out. Most check had in thing. I don't have a problem paying just fine for decades and you can observe i during those Now why didn't the other pods to the on that particular end as also the idea of the onboarding. The unbagged to these particular system slides. That's a very nuance problem in itself. You need to understand. Also plays into the for mittens. It's very fragmented as in half of the one billion people on bank the bank because they don't have any government issued credentials for them to to retool key bisi procedure by cryptocurrency is from the centralized exchanges as impossible as it is to create a bit so no no difference for them in that case. The ala podcast that they simply live in a cash based society. I so they might not have internet access and the other parties escott actually asking Checked so that's that's hobble bitten space but these individuals are living in a cash based society. So you're cryptocurrency solution. Almost doesn't do them in get. There's no networks effects to be had so that's a lot of hard work to be done if you wanna create goals spot. Probably by the time. Ukraine does drugs event effects of central as digital concierge solutions. As anyway so i don't down in one particular rabbit calls that something seen a few times a little five years but then lastly have a fundraising strategy soft or die. See also at least every other week. Us that Startup will ask for a certain amount that represents let's call it thirty sixty percent of the capital of the capital base while A what are you gonna do police around so we don't as an invest. i wanna see. You'll self being denuded to less than fifty percent of capital. Because the sentence that won't be very aligned. Yeah anyway so ready for that and as good examples to be had so you just coming across as someone who has done the whole book if you in your thoughts round offering to sell a third percent capture pits as kind of some some highlights into me again with been doing this fall one. They seem self evident at this point in time. That's fine. I just fairly recently are think at the beginning of the published this audience. Summarize goes I come across These issues on a weekly basis. Still and you do do excellent writing for those listening. Where can they go I'll definitely include in the show notes. But if they're just maybe driving their car working they go to connect with you if you just blew my last name False to you'll find my fault spot. Folio were i published something. Every album Submitted something that speaks all macro thesis of the naloxone. A couple in the past. Speak to cryptocurrencies. Finish and like very nuanced thesis on how we think about things. And then what i do as a matter of principle is republished those because the on fox. I can't publish. it's a can't and as i mentioned be a scientifically minded so the main reason for me to publish this as popular review. I don't need kudos i don. I don't need likes i if i see something incorrect. You better data than me I would love to eat on the and jimmy. No he didn't see him despite. You didn't consider right that that is the main intention of doing the saw. And so if and when i get the stomach pm view i edited where can so We re good relationship or check on which is a really good online publication batak focused inside. We published those longer form. Because it's on fossil also image to two thousand world so to vicky published truthfully thousands would rosia nri and then expand on this and at the bottom. You always see my disclaimer. I hate whatever you're reading now might might change. If i get smart in the meantime but an extent you read the senate mobley additions at a my mind. This is just intellectual. Honesty demands that you change your mind reading the text. Yeah that's a good sign. We need more minds like yours. Well christian. I really appreciate your time with me today. I know that we've kind of ran past our time here but if you If you'd like to give us any closing thoughts or the website where people can can go to learn more. That'd be great. Yeah bench fun. Good we don't put a lot of like inflammation on all website Tell the most the things that we share we share as articles and they speak to all thinking on the space and so the only quote unquote social media outlet. You said a somewhat weakened basis Every now and then i'll will tweet something. Then typically that just refers back to the things that we just published. We would like to get some reviews for. Manus has been really good talk. It's it's a real pleasure to have you back on the show and wish you all the best and For anybody listening. Please check out the show notes to To read more of christians articles you will not be disappointed and Just want to thank you again for your time and have good. Rest your day thank you..
"blockchain" Discussed on The Blockchain Sho?w?
"Reverse page so really what needs to happen. This that Eagerly professional need to expand technologies. What is the objective of the non built us into bed technology as an investor. We don't want to handle the million dollars and see this. Goal to compliance costs to ego consulting technologies investments. We wanna see to going to wants technology being built and there's an unlimited mound technologies that cannon will be built within that space so the unfortunate Coronavirus scenario has put a lot of pressure on government to be more efficient and so be involved in limited capacity and some of those movements two gallons now more active heat Looking to adopt buchan solutions centralized festivals in particular e for the distribution of things that's socities and specifically food stamps as i forgot the actual monmouth. That's more than ten million people on food stamps. And sometimes the of you've seen this very very recently if these people need to get aid Banged which that's number two million. That's ten million in being in the us at all and so those people need to get chunks and not only does it cost three dollars for the government so it's coming They money to produce his jackson distant them but then also these people in many cases have to wait for these checks or weeks. So but the lodge point is i think so. That's one of the positive shoots of these scenarios as it had has really exposed to on one end the technology debt that specifically government also banks incurred. There's been some reports that i think something like saudi. Some percent of banks still had databases that used it. Some in some capacity which is The faustina basil's ever developed in the nineteen sixty one base and off. That's also true Big government agencies such as social security sia and these are simply not achievable of providing the speed of. We need to get a to people in this particular thing and the other thing that we touched on was voted in my opinion voting. Absolutely needs to be on the blockchain. And the thing that's necessary connected to that as the whole topic agency anti identity. And they we already see a pilots projects on woman security issue credentialing authentication documents on a blockchain based solution and that's inevitable because if you think about this Databases in county insecure. I saw so. She called up credit card company. What happened says some person in two gala wage country looking at all of your personal data has access to all of that and the data as was a lot of money and a son scenario if fishing grabs a snapshot of that particular entry. He she can make money off selling that leader that equates to day set so that is an auto really great mechanism to store about incentive mechanism at the same point in time so so data should never be entered databases unfortunately On technology the of the time now we have better technologies. and i don't think necessarily that these blockchain based solutions Most likely grass-based solutions graphic promises specifically for That indo assets It's it's a lodge. Step bob regardless of your doing and yeah that's very interesting there's legislation and i think in the senate or maybe in the about anti encryption laws. Have you heard anything about that. Oh yeah that's okay so that makes me feel a little better. I mean th they name it something that makes it seem like it's a good thing kind of like the patriot act but when it comes down to it. Maybe they're solving one problem. I think it was like child trafficking or or or something like that. The child protection act. I can't remember which is good. Sounds good but all of other encrypted services that people use would they would have a back door to it. It's not it's not tenable because a technology can be uninventive. I saw it's gonna happen. It is happening and doesn't matter. How many regulations on a pass we need this type of security on an individual basis on the government basis. And if you think about this if you really wanted to Go after listening activity. You would simply all catch. That is the number one instrument. Dad's criminals used to the commercial activities when they raided saddam hussein's has found three hundred million dollars in cash in the end of the day. When it comes down to that is the most useful instrument and specifically one. Hundred dollars swiped but so it's somewhat critical to to focus on aspects where you can actually avoid these things to get up because at the end of the day. It's important to understand. That regulation doesn't address. Technology regulation addresses is responsible Pardons citizens typically by that being addressed either legal entities or individuals that that fall on the technology has regulated by code. I'd so very much to that idea. That is not and you can audit coat and if you like the cold on us by asking. I like that. I'm kind of curious what you're sorta core criteria would be for making investments specifically. We're talking about you. Know the blockchain solution area. Do you have any that you'd be willing to share with us that touch on this earlier. We're very scientific. Mind at all so we actually sat down. He writes these staples and some of them. You'll find on lineup. To share something on false a hack on every couple of weeks and a lot of these people's touch north-east as office space. And you start a thesis assembly absorbing the current state of something and then allocates that something is the state of technology and in particular areas that were interested in investing and so so most viewed the movement sal the clueless identity as as a topic so we saddam we deceased as people's and essentially you diligence process. Long engagement startup is that of appear review. Ideally alone something in the process. Because if you're building a new technology than you should make your problem. You should tell me how you solving denali drive driving. It's and your competition is basically other experiments that you should be pointing out. And why they feel. I saw we get the benefit of being able to aggregate all of those and so. That's how i. I look at the space of investing. I look at this from a very scientific perspective. We have a thesis on up playing our investment. Which is five to ten years. A long term. Core is not speckled. As obviously. And i'm would find to Size what technology can achiever in this space in usually refer to the in a particular wrong as the be town told luxury and the rest of the market and Just mentioned one at a to use as an exemplar Within the raw pieman so initially we looked at a lot of payments and also a lot of remittance startups and then eventually into the conclusion that the future ause in those spaces zero. So what i mean by that payments as an example right now the two trillion dollar.
"blockchain" Discussed on The Blockchain Sho?w?
"We just kept doesn't all hats. Like i i gave this coming. I want something back. Which by the way today the chase and then we'll move to alleged incited writing this down before we meet might make some carvings and stolen woods and then eventually in the sixties entities databases and then. Unfortunately what happens. We connect all of these databases to networks. And that is a big problem but the lodge points you being as you gotta realize that there's only two functions to money specifically and the mean function of money set of lending and this almost is born a secondary function as of adolf spendings of payments. That's the secondary functioned lodge use case as far as that of mendon and you can absolve this everywhere and so i like to think of this. Infra sprints it's like if you look at the stages of money how money being created as being stored as being moved and and potentially also Has been removed and so right. Now how are creating mommy's typically through commercial banks by the largest source of money that ends up being based mommy is cindy landing for mortgages and then got other buckets like commercial activity lending for education and got for for spending and things like Auto loans and so forth so villas out the largest buckets. How money's being created and the the assets increased is being stored in databases by now a the guidance and under control of commercial banks. So that's also all of these discussions on topics of inflation. I'm not nuanced enough all the discussions Nuanced enough because in and of itself inflation is not not a bad thing and depends on whereas my my legend entry. If that's a bad thing for me specifically thinking so it's very very new and the same holds to vermont. There's no general statement so most of the time when people talk about inflation that talk about overall money supply and then they researched the federal resolves printing money that is by far the smallest amount of omanis today and has been for a very long time. So it's a sort of a red herring but are the point of being goes if you get money. Quality creation applications trigger excessive of occasion that calls like physical cash zero and then an one being a demand deposit. So you can think of this as your checking accounts and then you got all the classes. Being am to insult false assumption. Money ends abroad money. The overall monks so the not a porn beings as a technologist. What you want to derive at is you wanna take bad money While there's this law gresham's law cards which is called that you bad money. Money goodman of So if if you have something. That's inflation are you wanna get rid of spy. So that's spending function the lodge appointee being if you don't have to hold onto it firstly. You're better off solo. Twenty being as if in bombay get to a place to where you only have to take dollars A stall value folks sheehan at the second. That someone's asking for that that's what you would do. I'd sell you a simple example for that is you. Don't keep a million dollars in your checking account. Usually right you keep as much in your checking account as you expect to spend in the sun timewise. But if the technology facilitates that and that's really the battle. Cry that you should focus on instead. Technology facilitates that. Then you only want to move this instrument into a payment. If and when someone's asking for that on the other end so that is then julia cash because that actually then sophisticates watts technically Possible already lifelock by. It's technically move at the speed of light. But the practically dawned because i've been starting databases so that's the norms of people need to understand that that's the damage bad up. The solutions are camp provide and it's not being accomplished by creating new york does count and union of the create a whole host of complications. I'm just gonna mention one. And then i stopped talking about that because i typically gives one all elections just on the topic of money but the obvious point us. We just had a announcing that he ops provides access to a bitcoin other cryptocurrencies. Well that is talbot idea to houston for for payments. It's terrible you imagine you just spend cryptocurrency to buy your seat and so yes from now you have to explain to. Your account was cost basis for Fifty coffee because he created the checks event. And that's what one of the many difficult problems gonna create. The nausea is simply. Spending is not an interesting function to salt. Spending has been solved many times. Almo i have fifteen different ways to do spending on my phone already. And that's true for most developed nations. And if you're in a developing nation you will still as a default meals exchange Turn to the printed version physical cash. We've seen throughout history bites whenever a local currency fiat. Due to hyperinflation. They literally imploded physical. Us dollars into the country and use that as the exchange and you com at this time. I and that's why actually physical cash off the printed in the united states more than fifty percent of hundred has actually outside of the united states. It's the most successful Wow that's fascinating this. The topic of money is something that continually amazes me. And it's you know it's a it's a manmade creation when it really comes down to it and it's kind of amazing the amount of progress we've made since you know the gold vault days in europe to now. Yeah i really agree with everything. You're saying this expert perception that you have there. I think that you know. I don't know if we could have gotten to where we are today. Without all of the banking regulation and you just on the topic of regulation said something earlier. That was really interesting. About how the blockchain space will change regulation instead of the other way around a lot. Lotta similar statements because the technology moves so fast. Sometimes it's hard for governments to keep up. Do you think that's the case. And do you think about the impact of regulation in the blockchain space. And i think the discussion has been really.
"blockchain" Discussed on The Blockchain Sho?w?
"blockchain" Discussed on The Blockchain Sho?w?
"We ran into the cycle. Let's call it. Data expectations the phases. That everybody in the space obviously knows and then shortly after like this trough of disillusionment and now we are roughly in the time with us more whether it's actually some protocol initially proposed finally launching and so the most important inflection on that we predict the future is Two things a the the largest puppets missing flexible on an off rams the typical. I have to buy ethos because Before can want anything useful on these urine lock chain And then secondly the infrastructure plays as an decentralized storage decentralized them and so costs so from that perspective. What's the most important thing you're gonna see most likely with inside the next five years. The central ben digital currency is that promise to provide festival digital cash. Which interesting potus. We actually never achieved that. But if you look at bitcoin wipe people. That's what it was asking for. But we still in half its doesn't exist and so cdc's court and in my opinion will actually provide the other large pod as identity. We need to have useful identities. Social bida college wants because oftentimes people use some of sky to trump's dragons d which is something to boot the syndrome options humanism people that work on consciousness on digits in the desert around pox. Yes for anything that has value transplant. That's not as simple as just money. You need to actually associate this to individual and entity soon as long as using using legacy database technologies. You back to square one by You're still ending up the legacy regulation. Indeed us lyles. That's what we're trying sticks with trying to provide peer to value transfer at the end of the day. And for that. You need to have something that's to begin. sovereign identity. I want to reach out to the zecevic sovereign agency. Something i can manipulate my data. I communicate my esa with the help of an intermediary was all of my. That's amazing there's a lot there that fascinating very very big talker. I think a lot of things come up right there. You know I try not to get into politics on this show but in america this this last election has brought a lot of problems in regards to our voting system. And i've always wondered since we started this podcast in two thousand sixteen can do voting on the blockchain. You know we can do everything else on the internet. But why can't we do voting and there's the issue of a identity and have you seen any promising developments in that direction or is that just. Are we better off with paper. Oh no that's actually funny because incidental. Yes the the yesterday. Touched base of the voting project on the blockchain that morning toying full some time. That's starting to get some traction. Pse he actually boss promoting To some degree and his presidential on so yeah. We think there's a something that will happen. It's just a matter of time and who was going to deliver this but you absolutely you art. It's one on the percent dependent on identity. Also of what at the standards organization than will travel space while that addict reason. Because if you're traveling need to have interchange them with our country inside so you need to pass on possibility information including things that people have heard of identifying people i e s if you haven't named that similar to to someone who was on the no fly as the exemption quotes that the that home Security in our country he had disposed to. These people are then transmitted in particular way support so we made a few investments that are mostly on. How the what. I would call on boarding identity. Onboarding of agency wisconsin so for the time being that's the whole biometric space but then long term i think you you'll see very sophisticated elliott solutions in that space and that comes down to the fact that solutions that we're walking on essentially neto solutions might so they need to not only identify who you are. Just a lot of these systems unfortunately died in on disregard. Al's like Topic that's mostly about identification You got many many leah's appear understand. Legal technology awesome dictation by berisha Than in the representation our got you need to actually learn the language that space and unflushed for most people includes hunting that legal language and because he fully understand technology like in the on the semantic level every day talking novel you can't ex- quoted rights. It's impossible for you to code anything that's going to walk longtime and selfless does particular purpose. Yeah i think this just as much words in the legalese dictionary as there are in the english dictionary so it's all you many more because it always contextual and i have another uses degree in classical literature that's even more complex That's excellent i Hope to read the classics one day. But it's never the same. If if i could just learn the languages that they were written in because there's so much lost in translation or not. I wanna talk that John you you'll have to read several books paulo because the upjohn the stand what was going on at the time and most of these guys they will also pulling by also into natural science so there were studying Astronomy studying biology. Suppose they you'll find us in there right and you gotta understand the metaphor that trend in in the scene. I'm trump sites as an example and so that makes way more interesting kind of like the art. If you understand the different techniques that have been used results appreciation biden to to some extend. Maybe i'm bending its year That translates to technology and legal language yolanda appreciation if you spent some time walking legal theater and And europeans jami specific need. The education is somewhat different. You becoming representative awful loss after loss. The actually have to walk for john. Chew up on the prosecutor new follow community so get more like a three hundred sixty View of how the law works. 'cause i'm shia. You've got more at the serial system by all means the united states where excel lawyers to begin representative of the client. Injuy specifically the lawyers are representative. And so this does reasons. All this lead for sutton. Regulations and laws to exist you. One first and foremost understand bulls vs. I'd and that's the most important aspect and that's why even on just disconnected helping seeing for five years no myspace don fortune de las lomas. Don't explain what is the reason. Also law that simply explain That technology on base typically show complying with this. That is actually in in a way very wrong. Right because Opponent clinton really good trace out you. You talked about this a few times. He was saying something to the extent. regulation will not disrupt blockchain swap tribulation and like that blockchain is actually an awesome tool to provide a lot of these objectives that regulation steps falls by took anqing compliance alone. Cost two hundred seventy five billion dollars a year. So that's money that they have to make back from their clients cross before i can make any profit so we paying for that..
"blockchain" Discussed on Insureblocks
"I and the blockchain can bridge the gap off all not trust anchor between those three entities to allow this new economy these transactions these interactions between people in business and things to happen and that gives rise to hold new business model agreed and there's one missing element that we need to talk about. Here is our artificial intelligence because we have all these devices that produce you know. Huge amounts of data increasingly that data is going to be carried onto five g. We need the artificial intelligence to help. Transform this data into meaningful actionable insights and to bring it full circle back to blockchain. You need the blockchain to provide the ability. The providence auto data all in an distributed and resilient platform. Is this how you see the conversions of five g. I a blockchain happening. No no i. I'm really excited about the prospect of Five g am blockchain. I think. I think you've got a a so the chip will Technology focused there. That that really can have an impact so so so talking about five g. What does it do Low latency So we start to have low latency to technology that can sort of get you to autonomous. That will fall You know there's a lot that can be done. It opens a lot of new solutions that i mobile and opens up a whole new level of business. So i think there's a lot of excitement right the about five g but what what it means is that you can start to process data more quickly so when you start looking at a i mean. Some some of the things That interest me are things like you know. Multiple event detection so how You know in a automated transactions. You can You can look at data to find the opportunities to to to fill spare capacity all of utilization of connected resources that that in a full as marketplace's that same could be of data marketplaces. So how can you apply a and data algorithms to to to to to to find data that that will be useful that be less monetize -able and then in terms of a data marketplace thought to put those pieces together so i'm seeing five. G is providing the speed and the low latency are that gives rise to new business models. I'm seeing a is providing Triggers and inflammation From from data that that essentially could be monetization opportunities that industries and.
"blockchain" Discussed on The Blockchain Sho?w?
"I okay on our few are familiar with developing is one edm dj Week i could search st baiocchi. That could say what happened with the songs where there was played the most with this was the most populated this week or at desire were or even could understand this with our of the today displayed the most and there is a law. The fruit stuff that you can new data and anybody could imagine for example when fink to want to make public is real One hundred leasts a. What is the most play that tweak of the past week but for real not to the people assume that is the most played because the playlist was ultimately going through the second song. Because how many times have you ever thought about how many times to your plate around play. East goes to a song that you don't like but this still counted like one lease right like that. That might have made it. The second most listened song in the united states just by back that this just goes out to my randomly but actually automatic the after one. That is extra. Listen a lot of that. You know but the radio is not going to do that is not gonna just put a song that is randomly. After another song. There is some some ideas behind it. So that is that is what What the beginning of are doing so allowing anybody to download this eighth and do what they want with. It will provide right away with certain specific with asian so we like to use the professional Platform for do so. I wanted to build my own but at the end. I don't feel familiar with but this is such a great platform for that. Well as asian and corporate data visualization. Wear 'institutional this beautiful and very very very efficient and we will provide the blow for my did file for people that the wants donald this data on a consumption basis so every each Each api quote will cost of course in our in something was gathered. That data is expensive but at the same time anybody can buy so there is no discount to one friend when other or secondly we wanted to use block because to make this plainfield real. We needed to prove that the data that we are making you download this the same data the thanksgiving to sada or unilateral to saw any or to anybody else so we need this to figure out how to do it and the we we decided to use a very simple math that is just the publishing america routes on top about proof of authority blockchain. That it's running as as a very similar to federated blockchain with the certain players in the industry. So you know and you can prove at any anytime that that data is the same that the i give to somebody else through the market. Three that are on the blockchain visible okay so that was also very important. Then there are the feeling that we wanted to do. It was to build. A solution to token. Is this music. Writes this work in progress because there are some legal aspects that we are working on. But i'm also working with beat phoenix because Hopefully they will soon get the licensed assist security dealer so they will be able to Trade those securities in this case is most definitely a security token because down. The line is a acid copyrights so we are working on legally along these and the everybody that holds those stokes weed out. Dramatically have access to the data for free That it's represented.
"blockchain" Discussed on The Blockchain Sho?w?
"Music into a more blockchain oriented company and leverage. This technology do become even bigger more open. Decentralized the end the build the companies of the future because In my opinion and what is what do allow is due dake existing companies that are already profitable thorough radi working in very high level. Projects are tech projects and proposed a blockchain as technology. Not as a goal. Like i think a lot of projects in the blockchain space our solution that are searching for a problem and that gives it up with what happened in two thousand. Seventeen with the device. Ios maya purchase being always still quite the opposite so i propose blockchain as a solution to a problem to existing companies that are searching or in the need of an alternative infrastructure. So that's what happened with the taupe and working together for in this bombs from the beginning of the year actually was more like december last year. We kept me in working on understanding how to implement blockchain technology in an efficient way into their existing business model so into their existing flow money flow and into their existing bowls and the threat to see if blockchain was Would fit and we discover that blockchain was dick fit. It was perfect for the use case that they had in mind and And that's about it. That's how we got here very interesting. I like what you said about Sometimes companies especially in two thousand seventeen. We're almost trying to define the problem or remember how you put that but that seemed very accurate and it's it's you know it's good to hear that you guys i looked at the the company and evaluated whether or not blocking would be a good fit because we all know of companies that were just trying to fit blockchain in whatever way they could you know like the long island iced tea company that put blockchain in their name and their stock went up or nothing to do with blockchain so looks like it was the solution to their problem and they had the money problem. They didn't have it after it's true. So maybe we'll played on them. You know this is something we've We've been talking about on the podcast for awhile is Music music rights artists and You know whether visual arts or music it seems like a little bit more applicable to music at least for my brain. I've got a background in music. Not so much music business but recording and there's definitely a lot of You know rubbing shoulders with people are into the business side of thing and it's unfortunate but a lot of You know recording artists in big names. They are just getting What do they call. It like rolled in the flower by some of these recording companies. And we start. I thought it would get better with the streaming services like spotify and.
"blockchain" Discussed on The Blockchain Sho?w?
"I recently bought one of those crypto steal things for my wife and i tried to make it open. Finally her bitcoin wallet. You know and i installed for the app and everything. But even to put the latter's into the crypto steel being. Wasn't that easy. I tell you because he gets only four ladders. And if you're not very fluent in english. I that's not so easy. Even the easiest theoretical paper wallet easy at the end of the day so we are still early in the game. Who bought who bought bitcoin. Today can be assured that we are not that far from five or six years ago in terms of adoption. that's true that's a really good point part. That's part of the reason we're doing this. Podcast begin with was to show some of the other use cases. How you know. Blockchain kin revolutionized not only finance. Like we've seen which is kinda happening with with defy thanks to crypto and the underlying technology but also other industries like We've had lots on the show but that's just a segue into Utopia genesis foundation. Tell me kind of like what the time line was from when you first started that wallet back in the day to when you realize that this could bee's you know potentially You know a job or or or something that could Help other people what happened. Was that the in. Two thousand sixteen people started to ask me about bitcoin. Really ask and say that you're the only one that knows about all this stuff. Can you help us by this. Bitcoin sore. Can you help us do something in the beacon business. And that time i was still doing my architecture reffing so know it was kind of private situation. Most bitcoin snow.
"blockchain" Discussed on The Blockchain Sho?w?
"To the podcast. Thank you for being near how you doing today. Great thank you very much. It's a pleasure to be here tonight. Yeah well it's a pleasure here as well. I know that we're gonna be talking about blockchain and music later on but before we get any deeper into that conversation. Why don't you tell us a little bit more about yourself. And maybe how you came to. Beware of the blockchain. Well hey kev a maybe a story that back in the days in the bitcoin community was quite normal A lot of people came from my side of the learning curve on bitcoin. but the Maybe people in twenty twenty don't know about the early early days of bitcoin. But i was very active in second life and back in the day second i was mad world. There was a lot of crazy people going on and a lot of people in the community and the internet people was on second so it happened that i had the same businesses there on the concept of life and you could have shops and make a lot of stuff and it was really really cool place to hang and the one client of one business that they had that was to build actual words so i would build cows special places for I would argue reach people on second life because if you hire someone to build your own fake war you must be quite wealthy person. And the at the at that time he taught me like. Oh i'm sorry. I didn't change my Bitcoin into linden dollars yet. So i'd like to teach you how to get bitcoin so next time i campaign. It's much easier for me. Because i do all its mining thing alike and that was very skeptical at that moment. But the amount was decent enough for me to say alright. Alright than Famer with this digital currency that you thought about and And then i made my first wallet. And the and register registered into trading platform that still active that school there are trading that was exit the only platform back in the days that would allow you to trade linden dollars that was The in game currency of second life against bitcoin saw that that was my first experience with the now very famous bitcoin. That back in the day was very very very cheap and not so well known that was really a my volunteerism. Ism into the crypto space. That's a great story man. I remember second life and tell me how difficult was it for you to set up the wallet. Because i know people nowadays. You still struggle with that funny enough. Do it was impossible. I thought this was the most scammy a staffing ever invented in you history. There was all these like in that moment. You didn't have for example like the twelve wards like the twelve words ready. Something that is awesome is so easy but back in the day you had this key and the you have to bright it down somewhere or just make it..
"blockchain" Discussed on The Cryptoverse
"An attempt to use the brand name to gain invest a trust when the project has nothing to do with them. I have all these ova very complicated. So his the court document which you can access if you want to read it. This is blockchain dot ISO, which is the pay medium project in his the right CO going on right now. And we all know blockchain dot com. As the Wally provide a that's been around forever. So this domain name, blockchain to Ohio was registered back in two thousand twelve according to this coin desk article. Now I'm a big fan of blockchain dot com. The wallet and the company. I think they've done a love for the bitcoin in the crypto ecosystem. However, I've never really agreed with them trading under the brand name, but look chain. I just don't think that's helpful asshole, especially now to new us is because then people like me have to explain the difference between blockchain technology and then this thing, blockchain, the website and the wallet. I just don't think that's helpful at all. So the people the new uses will help this web blockchain, this blockchain that that they're in blockchain blockchain steam book during, yes, plug Jane. And then they find this thing called blockchain, which is a wallet. I just don't think that's a good idea. It's not helpful in that particular things not helpful to anybody. So that to me was a strategic decision that they chose to make. They knew I believe they knew it would cause confusion, but they went ahead anyway because they knew the confusion would be to their benefit right now. There's nothing technically illegal about that is just that if you're trying to help the ecosystem, don't do stuff like that. Right. So they were so banking on. Their brand being conceived with blockchain, the technology so that that would gain trust from Tam and all the hype around blockchain, the Kiewit, right? So slightly unethical to begin with. So now having traded under such a generic Tam, it means ultimately the now having to face the other side of that coin, when someone else jumps on their back and attempts the ride the blockchain wed. So if this company gets done, it Lhamo likely be to do with the visual branding and how it looks similar to the branding of blockchain dot com rather than the use of the Westbrook Birlik chain, which is so generic, no one could possibly take ownership of it, right? We can actually look at the two logos. I don't think they looked at similar a coin desk of done a good job of displaying them side by side in a similar size. But I honestly do not think they look similar. At overly, they have different logo type which is the symbol. They have a completely different fund blockchain dot com. His all up a case, the blockchain. The one is all low case. The blockchain to one has I o in the name. Blockchain does not just has the book capital letters I just think is sufficiently different that they, they can't be confused to be the same thing right? But however this is another goal case. So doesn't matter what I think is for the courts to decide on what they think based on the rule of law. Another interesting point is this inference apparently that blockchain to I o name was also of trademarked legally like back in two thousand seventeen. So legally they're allowed to use that in France and it wasn't contested apparently. So let me know what you think. How would you rule if you were the judge in this case? Do you think this is okay. The blockchain ISO owned. The domain name foot since two thousand twelve and now using it to host their. I see a website is that okay. What do you think to blockchain dot com? Using the name book Jane to bring to that company even though that's kind of a generic ten that confuses people. Let me not think too all that down in the comments Bill. But that's all I got for you today. So if you like this episode, go ahead and hit that like button. If you disliked it, you can hit the dislike. Please leave me a comment below based on things that are stoked about, and if you know already get subscribed, if you're already subscribed hit the bell. So you get notifications when released new videos. And if you want to follow me on the social networks, check out my website, cryptovest city dot com. Click on podcast and all social networks elicit death for other than that..
"blockchain" Discussed on Innovation Rising, Presented by Healthbox
"Goes over the blockchain over just traditional ways ascended for action so the reason is of interest is really several the value drivers that are building that technology so one is immutable what ability means is i can't change data so once it's created on the blockchain as a block and as part of a chain that data would never be able to updated or remove your so for security purposes auditing purposes there are various use cases from a patient perspective especially if we look at something like a legal trying to help wrecker that might be of interest another thing we see a lot when walk chain that will working on is using a blockchain actually point two data so we're not proponents of using a blockchain to replicate something like an electronic health record for example or to actually build a population health auditory we don't think they're smarter use scaping all we do is we use cases where you can say yeah blockchain would be great the patie registry or a patient having potential control over access to their data by using a blockchain that is pointing to various data sources and the patient in the concept of a blockchain has control over that through a wallet mechanism that basically says i have a credential i'll give you access to the data on my own provide that consent to do that and the only way you're gonna get to that data nowhere to buy give you my key to do that so we've seen good use cases in that regard where patients have interest as well as collaborate clever type projects in blockchain.
"blockchain" Discussed on Innovation Rising, Presented by Healthbox
"They're trying to solve these these very large graphic rental card of boxes rates they call them that they set up to do that that's a function of the currency market right health care we talk about blockchain's and what they're trying to do you're looking more at data being that currency and then when it comes to who touches that it's then the very nodes in the network working together and really being able to change a lot of how traditional healthcare bottles work where things can be more automated but the touching part of actually working the blockchain network is still going to be done by services system notes that may already be placed or maybe applications that you're designing to us as part of that blockchain network only about the blockchain itself and data flows an example that i've worked on as been with healthcare wearables and with iot devices yeah actually being interconnected directly into the boxing and they're just feeding data into that from various devices that might be in a hospital or from patients that are wearing a different devices no different than what you might see some other database technologies dirty out there the is in terms of understanding how a blockchain works and what the architecture framework is you just understand the api's and how to use that framework of able to build the network and then support that running on of civic blockchain design that you have so following up on that if if i'm a patient right and i have like an apple watch and i wanna send somewhere data back to my provider why's it important at that.
"blockchain" Discussed on Epicenter Bitcoin
"Yes i think like in general from from like you come from virtual worlds machine learning background we we come from very blockchain background where probably like and our listeners got into the space because we found decent less money interesting right and we are here we are like really the money nerd we want new forms of money that's what what got us into this so i think the the main skepticism you're going to get from the blockchain communities that these summer fall inventions that you're proposing it seems like a very ambitious target and some even reading your white paper like the the person's feedback i had was like that useful proof of work so that useful provoke is the white paper and itself scalable leisure scalable ledgers of white people in itself the marketplace that's the white people itself and it's funny you should say that we we recognize that we are actually creating white papers on all of those those subjects individually and a bunch more as well because they they deserve the individual attention and there's simply not enough space to talk about them in the detail that people want to see as well in the imitate nicole white paper as it is so they we are indeed working on on white papers describing all of those things in moti tail but also i i don't want to be apologetic about if bingham bishops i think we are going to be in business it is.
"blockchain" Discussed on The Interchange
"No i think the real question with that is how these players are all going to work together in the future because i think it's unlikely that we're going to see one blockchain to rule them all what you're going to see is this interoperability happen as blockchain's developed communication networks across each other and so you don't just have to inter operate with the legacy utility infrastructure that might exist like your d dr master durham's distributed energy resource management systems but also with the other blockchain that's on the system and that is something that is being worked on not within the energy space in particular but it's definitely happening that brings us to this big regulatory question and i guess it would be foolish to think that there would be one blockchain to rule them all but i can't help feel like the the interoperability problem could present some challenges because you're ultimately creating a patchwork system of all these platforms the kind of looks like the grid today with that said we do have you know operability standards for power electronics and inverted for example that are servicing the grid so do you see rules eventually coming together that create standards for these platforms i mean it's still it's still like not so far off in the future that no one's really grappled with it but i'm hearing more chatter about that potential interoperability issue yeah so i think standards will form i think if you think of how the internet came about when the internet first started we had a lot of intra nets people really didn't trust how the internet share data they're very skeptical of it and.
"blockchain" Discussed on B&H Photography Podcast
"All the users on the systems sorted chronologically added in groups or tranches or using original wording blocks of transactions now in the original declined blockchain there is a highly complex process of adding new blocks of transactions that required computers to use a resource intensive process to verify that the new transactions obeyed all prior transactions so in a sense it chains together new blocks of transactions by referring to prior blocks of transactions thus it's a chain of blocks or what we now know as blockchain now the bitcoin blockchain specifically include system that makes it difficult to add new transactions that systems called proof of work it's very technical but the basic idea is that it should be expensive from time in a resource perspective to add new transactions so that it becomes more difficult to retroactively falsify them or change them in future this resulted in arms race to find faster and stronger computers to do this work and creates some of the concerns about power consumption that you might have heard about in the media getting back to the point here blockchain's at their core allowed her to be multiple writers to the database with those writers don't have to be trusted many they don't have to be preemptively credentialed and it allows the system to store multiple copies of that history that blockchain in multiple places and the proof of work is what's called a consensus mechanism or the ability for the system to verify new transactions now others have tried to find other consensus mechanisms that aren't as resource intensive but most of those other methods are pretty much fair mental at this point finally you've got this umbrella term called digital ledger technology and that is kind of the broadest base term for the technologies derived from the original bitcoin blockchain.
"blockchain" Discussed on Science Friday
"No or at the same time great carey you're at south by southwest this week so blockchain isn't just about cryptocurrencies rate like what are the other ways that people are using it the cryptocurrency part is definitely really loud and really understandable use case of it but i spoke with a lot of people there who see it being four greater just like the internet isn't just for reading about news stories i think one that's been most fascinating is the benefit for food supply so for instance a restaurant being able to really understand whether or not the food that they get from a farm it's actually directly from the farm being able to track what where your food is being sourced and where it's coming from and then because it's publicly available it's not just the supplier in the distributor but also people like you and me being able to verify that it's true cool so now you read an article about blockchain bros did you coined the term the people i interviewed coined the term but i did yes so walk me through the type specimen of blockchain bro types so i've been in i'm basis evans cisco and i've been covering the blockchain boom that we've seen over the last year and sort of culture of it and one aspect of the culture of it is there are major gender problems it is a predominantly male space and a lot of women a lot of women were involved early on and have felt like they are being pushed out now as the price of cryptocurrencies has gone up and there's been a frenzy and the quote unquote blockchain broza come into the space the blockchain bro being someone who maybe doesn't have extreme technical knowledge but maybe bought bitcoin or ether early on was on read it was on four chan was sort of active involved in this community but but is sort of like in it for cash.