Why Blockchain Matters More Than You Think!





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The Blockchain and it’s potential simply explained.

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Sources:

Dr. Adrian McCullagh Ph D. (IT Sec), LL.B., GAICD.
Ph.D. Research Supervisor at the University of Queensland

https://www.economist.com/news/briefing/21677228-technology-behind-bitcoin-lets-people-who-do-not-know-or-trust-each-other-build-dependable

Some footage retrieved from “The real value of bitcoin and crypto currency technology – The Blockchain explained”: https://www.youtube.com/watch?v=YIVAluSL9SU

Animations by Beeple: http://www.beeple-crap.com/vjclips.php

http://www.computerworlduk.com/data/bank-of-england-pushes-forward-with-blockchain-technology-for-settlements-3657464/

https://futurism.com/six-banking-giants-have-decided-to-partner-to-create-a-new-cryptocurrency/

https://futurism.com/microsoft-is-embracing-blockchain-with-its-new-ethereum-based-framework/

https://buff.ly/2eMO8jk

Previous video on Blockchain basics and other extra learning: https://www.youtube.com/watch?v=bBC-nXj3Ng4

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41 replies
  1. Jr Solina
    Jr Solina says:

    (Revelation 13) Mark of the Beast "Beast System"

    No one will be able to buy or sell unless one gets marked/uploaded into the system and worships it

    This is what it will become of all digitization of money and everything

    The end of privacy and freedom

    It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, 17 so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name.

    18 This calls for wisdom. Let the person who has insight calculate the number of the beast, for it is the number of a man. That number is 666.

    Reply
  2. Frequently Cynical
    Frequently Cynical says:

    As I start to get ready to buy into BC, this video has been very helpful!

    But it left a lot out about things already starting to be implemented that have nothing to do with the internet. I read not long ago that Wart-Mart is moving to blockchaining all their suppliers. Cheap RFID's make this doable. So, if the CDC says we have a salmonella outbreak, the blockchain will enable WM and the CDC to perhaps identify the one farm where the bad spinach came from. Immediately.

    I'm an old guy, I built vacuum tube radios as a teenager. I mostly like technology. But in my lifetime, most things have been evolutionary. Blockchain has the potential to change the world as much as the printing press and the internet have.

    Reply
  3. Conspiracy of Truth!
    Conspiracy of Truth! says:

    I think that you are right about the future will hold a combination of AI and Block chain. And I am a little hesitant because I don't think that there are adequate controls in place to garauntee what data will be stored on the Block chain and I'm not sure about AI as it has been shown to be able to do things that are not in the best interest of society. Perhaps I don't know enough about AI and Block chain to voice a good critique of them yet but it's moving at it's own pace so that we will see very soon what the future will bring.

    Reply
  4. James Deschuymer
    James Deschuymer says:

    I still get the feeling…. it's maybe or maybe not! Cryptocurrencies might be the future of world economies or criminals might seep into the works and destroy the whole framework of crypto currencies..This unknown factor will make crypto currencies volatile for decades!

    Reply
  5. Mike Lisanke
    Mike Lisanke says:

    I'm sorry but you want to increase the value of blockchain But don't want to go into the details of Why it's secure In this video! because you've put a link to it? you haven't establish what blockchain is (the technology) Nor how it can be applied to Any of the industries you've said it will become important to. bringing in a PhD who uses words like disintermediate and other jargon doesn't convince anyone of your credibility!

    Reply
  6. John Mitchell
    John Mitchell says:

    When anything including blockchain is said to be unhackable I laugh my ass off. You have no clue what our secret government has. None. Whenever they choose your cryptocurrency will be worth 0.

    Reply
  7. 918kip
    918kip says:

    I’m not convinced. For instance. Medical records. I went to the doctor because my toe hurt . The medical info uploaded to BlkCh said I went to the doctor for my finger .
    The “ Oracle “ couldn’t change that info in a instant . I then passed out they took me to the emergency room and they cut off my finger .

    I know this isn’t the best example. But I see holes . Question?
    So perhaps the oracle should supervise the info distribution. Oh I have an idea !!!! Let AI do it . I do see if the data is correct it could be a real $ maker in the stock market . Think long think wrong !

    Reply
  8. True Reality Media
    True Reality Media says:

    Yeah! Block Chain is definitely the future for shared database authentication, validation and protecting commonly accessed information and securing the integrity of public records etc. But applying the same technology in attempting to successfully reducing counterfeiting of digital signatures and licensing for copyrighted digital media will be harder and not easily implemented into a standardized universal protocol. The idea that you can  'keep tabs' on every single piece of produced digital media is 'pie in the sky' and could never be universally regulated or policed.

    Reply
  9. comingviking
    comingviking says:

    I get why governments and bankers are scared of Blockchain. Cutting out intermediares who don't actually supply value is their Worst nightmare. Bankers are leeches in the Financial system, and states like USA have weaponized the banking system by virtue of being intermediaries.

    Reply

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