Bitcoin and blockchain 101: Why the future will be decentralized

A crash course in the history of money, the birth of Bitcoin, and blockchain technology.

  • We've all heard terms like Bitcoin, blockchain, and cryptocurrency being thrown around in the past few years, but what do they mean? Consider this your crash course.
  • Experts from across the spectrum of money and tech provide a history of commerce dating back tens of thousands of years, explain what blockchain and Bitcoin are and how they work, and offer insights into the differences between centralized and decentralized systems.
  • Because blockchain is incredibly difficult to hack, it has massive implications for elections, banking, shipping, land ownership—any domain where corruption is rampant. While the technology may feel abstract now, programmer Brian Behlendorf compares it to explaining the concept of email to people in 1993. One day, blockchain will be a seamless part of our lives.
Keep reading Show less

​'The time is now' for cryptocurrencies, PayPal CEO says

Is Bitcoin akin to 'digital gold'?

  • In October, PayPal announced that it would begin allowing users to buy, sell, and hold cryptocurrencies.
  • Other major fintech companies—Square, Fidelity, SoFi—have also recently begun investing heavily in cryptocurrencies.
  • While prices are volatile, many investors believe cryptocurrencies are a relatively safe bet because blockchain technology will prove itself over the long term.
Keep reading Show less

How governments are responding to the public's demand for more data transparency

Innovative use of blockchain tech, data trusts, algorithm assessments, and cultural shifts abound.

Depositphotos
  • A study published last year by the Pew Research Center found that most American's distrust the federal government, and there's plenty of evidence to suggest that the situation has yet to improve.
  • Governments have more access than ever to our private information, which creates an inherent tension between how they can use data for the public good while ensuring they aren't abusing citizens' privacy rights.
  • As emerging technologies mature, it will become more evident to the public which models are the most effective ways for governments to achieve the levels of transparency they've committed to delivering.

Keep reading Show less

Blockchain: Where does the real potential lie?

Despite the hype, these technologies aren't relevant right now. But they could be in the future.

  • The hype around blockchain technology has been sufficiently steady since its arrival. But UCLA professor Ramesh Srinivasan reveals the real potential in this relatively new technology is far from its connection to cryptocurrency.
  • To tap this potential, it's necessary to move away from the individualistic intentions to which blockchain so often applies. For example, taking root in areas that have fallen victim to disaster capitalism like Puerto Rico in the wake of Hurricane Maria.
  • To overcome these hurdles, we must scrutinize the sources of these types of technology as well as those that benefit from its implementation.
Keep reading Show less

Digital advances are never-ending. Here’s how to keep up.

This is what you need to do to keep up with today's digital progress.

  • Amazon has set aside $700 million to retrain 100,000 of its employees. That's an incredible thing—a company that is already at the forefront of tech is helping its employees catch up. What does that mean for the rest of us?
  • Developing digital literacy in your organization's workforce is of utmost importance. How will companies stay ahead of the competition if they don't understand how emerging technologies, like blockchain, can be implemented?
  • "Stay current" should become an organizational motto; it's about the disciplined pursued of understanding how technology can change the work you're doing today.
Keep reading Show less
Quantcast