Blockchain must be one of the most complicated themes we’ve discussed at The Innovation Station. A decentralized system that is purely digital and might disrupt our monetary system as well as many industries. We welcome you to go through this TIS Picks selection and see what Blockchain technology entails and what it can be used for.
1. Blockchain 101: what is a decentralized system?
Here’s a great animation by Westpac (Australian bank) explaining the distributed ledger mechanism that is central to Blockchain technology. A network without a central server where data can be verified by other users prevents hacking and fraud. It introduces greater transparency to transactions and increases privacy protection.
2. Bitcoin vs Blockchain
Blockchain legend Andreas Antonopoulos is the author of Mastering Bitcoinand Internet of Money. In his talk at the 2016 Deloitte FinTech Conference Antonopoulos explores in detail the differences between Bitcoin and Blockchain and shreds several statements / urban legends on both.
3. Blockchain & the music industry
The British artist and song writer Imogen Heap found Mycelia4music — a service for artists which helps to protect copyright and to trace the history of their work online using Blockchain technology. The aim of her company is to establish ethical, technical and commercial standards that will lay the basis for a fair trade music ecosystem.
4. Blockchain & the diamond industry
Everledger is a London-based startup that uses a digital global ledger to protect the diamond trade from fraud. In this keynote speech, CEO of Everledger, Leanne Kemp, tells the story behind the company’s beginnings and how within just 12 month it disrupted the whole industry.
5. Blockchain & democracy
Vinay Gupta, founder of re.silience.com, discusses Blockchain technology in general and its future applications, such as its possible impact on democracy.
