Encode Polkadot Club

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The document discusses the potential applications of cryptocurrency and decentralized technologies to various sectors of society such as finance, government, identity, and art. It notes that while protocols aim to be invisible to users, practically nothing has been built yet in areas like custody, onboarding, supply chains, and fiat gateways. The document promotes participating in a hackathon to help build out these applications based on one's skills and available time, with the long term goal of helping create a new decentralized world powered by technologies like DeFi, NFTs and DAOs.

Technology

Decentralised, self sovereign,
permissionless, open

Protocols like Polkadot should, ideally,
be invisible to end users

Ethereum is an Open Source Blockchain platform which allows anyone to develop and deploy Blockchain based Applications. The advantage of Ethereum Blockchain application is that the application can be executed via a shared and distributed network without any third party interference, Censorship, and Fraud. Presently every application and websites are running on centralized servers which control the entire inbound and outbound traffic. But in Ethereum the entire system is decentralized and distributed among many individual computers worldwide called ‘Nodes

In the beginning itself, the blockchain was mostly heard for its possible applications in the financial domain. Bitcoin started it, and now most of the existing financial infrastructures are attracted towards the blockchain technology. Many of the financial institutions already started to implement blockchain assisted technologies. Consequently, more finance domain specific blockchain development platforms also came into existence. Corda is one of them

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