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Showing posts from June, 2017

Being Digital Series: Blockchain

What is Blockchain? It's being described in the same game changing way as the Internet was being described in the early 90's, people aren't sure what or how it will be applied, but it is ushering in a similar tectonic shift in the way the people and things verify and exchange information and assets. Blockchain fundamentally is based on two foundational elements:Asymmetric cryptographyDistributed systems.Leveraging these two technical components gives blockchain the ability to:Create records that are immutable Create transactions for exchanging information, assets or value that update those records Automate updates to the records via things or smart contractsBlockchain eschews centralized records in favor of decentralized distributed networks that work as a cooperative. Bitcoin is perhaps the most well known implementation of blockchain concepts, although there are many other applications being explored. For a quick overview of blockchain concepts, please see the video, Und…