What is the blockchain, and how will radically transform the economy?

Do you know what is the blockchain? You should!

How an independent, transparent, and permanent database coexisting in multiple locations and shared by a community will changing money and business?

In this lucid and simple talk, Bettina Warburg describes how the blockchain will eliminate the need for centralized institutions like banks or governments to facilitate trade, evolving age-old models of commerce and finance into something far more interesting: a distributed, transparent, autonomous system for exchanging value.


What is the blockchain?

Blockchain is a technology that allows the creation and management of a large distributed database for managing shared transactions between multiple nodes on a network.

https://www.pwc.com/us/en/financial-services/fintech/bitcoin-blockchain-cryptocurrency.html

It’s a structured database composed by “Blocks”, and network nodes that are linked to each other (Chain)

Any transaction initiated on the network must be validated by the network itself: each Block is an archive of all transactions validated by the network, and each Chain has the task of check and validate any transaction.

Blockchain technology is a decentralized database that stores a registry of assets and transactions across a peer-to-peer network. It’s basically a public registry of who owns what and who transacts what. The transactions are secured through cryptography, and over time, that transaction history gets locked in blocks of data that are then cryptographically linked together and secured.

About Bettina Warburg

Bettina Warburg is a blockchain researcher, entrepreneur and educator. A political scientist by training, she has a deep passion for the intersection of politics and technology.

Bettina Warburg is Co-Founder of Animal Ventures, a venture studio and consultancy focused on building startups, educating executives, and designing comprehensive strategies to help large companies, governments, and SMEs take advantage some of the most advanced technology companies coming to market. Animal Ventures focuses on tech companies operating in verticals such as Blockchain, Digital Platforms, Artificial and Augmented Intelligence, and the Internet of Things.

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