Blockchain may seem foreigner and complicated to anyone unfamiliar with this new technology, but it’s a lot simpler than most people think. Essentially its the combination of two relatively old technologies – distributed computing and cryptography. In simple terms blockchain is a distributed encrypted ledger hosted on a network of computers.
Inside The Cryptocurrency Revolution | VICE on HBO
Bitcoin’s emergence as a global digital currency has been as revolutionary as it has been erratic. But while fledgling investors obsess over every fluctuation in the cryptocurrency market, nation-states are more interested in the underlying blockchain technology and its ability to revolutionize how business is done on the internet and beyond. VICE’s Michael Moynihan travels to Russia with Vitalik Buterin, inventor of the Ethereum blockchain, to get a front-row seat to the geopolitical tug of war over Internet 3.0.
Can Quantum Computers Hack Blockchain
Quantum leap: why the next wave of computers will change the world To break a widely used RSA 2048-bit encryption, a classical computer with one trillion operations per second would need around 300 trillion years. A quantum computer using Shor’s algorithm could achieve the same feat in just 10 seconds, with 1 million operations per second. 300 trillion years versus 10 seconds.
Dan Larimer — Blocksburg Summit
Block.one Chief Technology Officer Dan Larimer discusses the future of blockchain and how it is evolving at the 2019 Blocksburg Summit.
AdShares: Decentralized Programmatic
Adshares is the first genuinely decentralized marketplace for programmatic advertising. It is also the most advanced blockchain-based project in the advertising market. We use own blockchain to connect publishers and advertisers and let them make direct deals. Adshares is not about a group or an individual controlling the market, but about creating a decentralized space for the market to grow freely.
The Future of AI and Blockchain
In this panel discussion at the Blockshow Conference 2019, we examine what some of the best minds in AI and blockchain think about how technological advancement is changing the world, and how AI and Blockchain are intrinsically linked.
The panelists are: Dr Ben Goertzel the CEO of SingularityNET, Toufi Saliba the CEO of Todalarity and Toda Network, Chirdeep Singh Chhabra the founder of Ocean Protocol, David Lake the CEO of Rejuv, and Cole Sirucek the co-founder and CEO of DocDoc. The panel was moderated by Chantel Costa the Director of Development for DAIA.
EOS vs. Ethereum: A Cost Breakdown
Today I broke down the cost between using Ethereum and EOS. Have you ever used Ethereum or EOS? I recommend you watch the whole video to learn some things you may not have known about EOS or Ethereum.
Shermin Voshmgir – Token Economy Interview
Shermin Voshmgir, founder of blockchainhub.net and directory of the Cryptoeconomics Research Institute at the Vienna University of Economic, interviewed by Margarita Khartanovich of Binary District, on Tokens as the killer app of the Web3
Paul Brody on New Trends in Blockchain
A survey announced by Ernst & Young shows enterprises are warming up to the idea of public blockchains over private ones. Joining us in the NASDAQ studio to discuss this and other blockchain-related trends is Ernst & Young’s global head of blockchain Paul Brody.
5 Powerful Uses For Blockchain
I believe there are five powerful use cases for blockchain. These five use cases are unique, unique in that the value we get from using a blockchain clearly outweighs the drawbacks. So let’s dive into these five great use cases and find out why they’re so well matched for blockchain:
#1 – Non-fiat money, or a store of value coin. What does that mean? It means money that has been issued by people or groups, but not a country. Now, this of course was the very first use case for blockchain technology. I’m talking about Bitcoin. Why non-fiat up money? Because blockchain solves two critical elements when it comes to making money useful. Blockchain makes counterfeiting impossible. It allows money or a store value coin to be safely transferred to anyone on earth with access to the internet.
#2 – A storage place for your personal identity. Now, this is a fantastic use case for blockchain. There is no safer way to store, and to give limited access to, all the personal identifying details of who you are. Your passwords, your driver’s license, all of your personal contact information, the information websites demand you hand over every time you want to sign up for an online service. If you could store your personal identifying details in a blockchain, all that precious information that identity thieves would love to get, we would all be better off. No one could touch it unless you gave them permission. Your digital identity would be safely locked in the blockchain, not on hundreds of unsecured web servers. And you would grant companies access to that information on your terms.
#3 – Supply chain. The ability of a blockchain to maintain an unbroken and easily accessible record of every event in a global supply chain is powerful. This, by the way, is the reason that supply chains are one of the first commercial applications of blockchain technology.
#4 – The tokenization of real-world assets. Now I’m talking about creating a digital twin of any real-world item. Why is this valuable? Because it allows you to transform nearly everything you own into provably, authentic digital certificates. Digital certificates that can’t be duplicated or forged. Blockchain is the way we begin to separate ownership from physical possession for lots of things. Tokenization will have a major impact on the way we shop, use, and trade things in the future. Now this particular use case is near and dear to me and that’s because six years ago, I used a blockchain to tokenize the US dollar. My partners and I created a way to send US dollars through the blockchain and it turned out to be a fantastic use case that harnessed the special properties of blockchain technology. And that tokenized dollar we created, what we named Tether, today trades over 4 trillion dollars annually.
#5 – Consumer entertainment, and it should start with video games. The global video game industry makes $150 billion per year and most of that revenue comes from selling virtual items, avatars, and skins to decorate your characters. Selling virtual assets is a great business model for video game companies, but it’s not so great for players. People spend hundreds, even thousands of dollars to collect their favorite virtual items, yet they never own them. Game companies rarely allow players to trade or resell all this digital property, property the players paid for! Now, if these virtual items were created on a blockchain, it would make it possible for hundreds of millions of video game players to directly own and trade them. I also believe it would unleash a massive increase in the willingness of players to buy more virtual items.
Why? Because by allowing the digital items to be resold, it makes players much more comfortable buying them in the first place. Just like the fact that you can resell your car puts you more at ease buying it because you can extract some value from the car when it’s time to trade up to a new one. And remember we’re talking about 150 billion dollar industry, just waiting to be transformed by the blockchain.