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BIMA Blockchain Breakfast Briefing | Simon Gill Presentation | DigitasLBi
Blockchain is a distributed ledger that records digital events and transactions in a way that is permanent and verifiable. It allows information to be recorded and shared across a network of multiple parties without the need for central record keeping. The technology began with Bitcoin and provides an open record of every Bitcoin transaction. It has potential applications beyond digital currencies for any system requiring a secure and decentralized record of transactions or information.
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BIMA Blockchain Breakfast Briefing | Simon Gill Presentation | DigitasLBi
- 1. Blockchain explained BIMA, 23rdFebruary 2016
- 2. An explosion ofconnectivity, and the power it gives customers, is turning companies upside down. The question isn’t WHETHER your industry will be disrupted but WHEN. Marty Neumeier “ “
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- 6. Tech Eras 6 1970 19902010 2016 SQL Databases Network Connected Blockchain https://vimeo.com/153600491 “The invention of a new web”
- 7. A bit ofBitcoin 7 November 2008 Satoshi Nakamoto Bitcoin: A Peer-to-Peer Electronic Cash System
- 8. A mined finitecurrency stored in a ledger 8
- 9. A blockchain isjust a record, or ledger, of digital events — one that’s “distributed,” or shared between many different parties. It can only be updated by consensus of a majority of the participants in the system. And, once entered, information can never be erased. The bitcoin blockchain contains a certain and verifiable record of every single bitcoin transaction ever made. . Mike Gault, Founder and CEO, Guardtime “ “
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Editor's Notes
- #8 In January 2009, the bitcoin network came into existence with the release of the first open source bitcoin client and the issuance of the first bitcoins, with Satoshi Nakamoto mining the first block of bitcoins ever (known as the "genesis block"), which had a reward of 50 bitcoins
- #11 But here’s the thing: The blockchain itself is shockingly uncontroversial. Regardless of his or her opinion on the future of bitcoin, nearly everyone agrees that its most fundamental innovation has worked flawlessly. It allows total strangers to hold and exchange digital money in a completely transparent way — without having to trust each other or any central authority.
- #12 Imagine that you’re walking down a crowded city street, and a piano falls from the sky. As dozens of people turn to watch, the piano crashes down right in the middle of the street. Then, without a second to lose, every person who witnessed the event is strapped to a lie detector and recounts exactly what they saw. They all tell precisely the same story, down to the letter. Is there any doubt that the piano fell from the sky? Falsifying events in the blockchain would be equivalent to getting more than half of the people who saw the piano fall to all lie in the exact same way, at the exact same time, without any ability to coordinate beforehand.
- #13 Over a year ago, Marc Andreessen, the doyen of Silicon Valley’s venture capitalists, listed the blockchain’s distributed consensus model as the most important invention since the Internet itself.
- #14 Some of the world’s biggest banks begin to research blockchain applications. The country of Estonia, which secures much of its banking infrastructure with a blockchain, boasts the lowest rate of credit card fraud in the euro zone AI program into the block chain, that you couldn’t then turn off
- #15 Open source, a living, breathing, smart, decentralised, transparent, adaptable, useful, shining home for our love of music. A home which allows creativity to flow, connect and facilitate collaboration on so many levels, many of which just haven’t been possible. With this grand library of all music forming the basis upon which all music businesses from digital radio to tour bookings can then grow and thrive from. Empowering the artists, turning and landing the industry finally on its feet.