Wednesday, August 21, 2019

Blockchain? What is Blockchain? Why Do I Care?

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As our industry's digital transformation continues, it is becoming apparent that current methods for handling transactions, contracts, records, and other data is not keeping up. Blockchain technology may be the key to modernizing and protecting transactions. Blockchain provides an open, distributed ledger updateable only by consensus of involved parties. The ability to efficiently store transactions in a way that can be verified makes Blockchain attractive anywhere in industry that data and value are in motion. Blockchain is most commonly thought of as the mechanism enabling the Bitcoin and Ethereum digital currencies; but, its most useful place may well be in securing IoT input, medical records, contracts, transactions, and other data transmissions. Attendees to this session will learn the basics of Blockchain, how it is currently used, and where organizations are exploring its use in the future. We will discuss the security aspects (and issues) of Blockchain technology. Topics discussed will include: distributed data shared by all parties, peer-to-peer transmission eliminating need for centralized nodes, transparency, irreversibility of record changes, and use of computational logic to govern transactions between nodes. Come learn how Blockchain might be incorporated into your organization's existing and future system.

Session Objectives:
1. understand the core technology underneath bitcoin and other internet currencies
2. learn how Blockchain works
3. Become aware of how Blockchain may be applied to data and resources other than currency
4. begin thinking

Author Details
"John Jay King"

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