it isn’t made of gold silver platinum or
paper
it can’t be physically touched or be put
into your piggy bank
it’s cryptocurrency and it’s completely
digital you could shop with it but it
stands for something more
it stands for revolution in technology
digital currency as the name implies
only exists electronically both know one
example is Bitcoin which some of you may
have heard of but most of you don’t know
is how it really works how the
underlying technology of the coin will
eventually change the world so what
makes this Bitcoin so special Bitcoin
and all the other cryptocurrencies are
these edge lives meaning that there are
no governments authorities or companies
that decide how many bitcoins are
produced controlling the price of the
currency or investigating fraud the
technology that makes this all happen
it’s called blockchain so how does it
work you and your family sideways a
monopoly but the thing is is when you
open the box you find out that the fake
money isn’t there so solve the problem
each player pulls out a sheet paper
starts to write down who owes who how
much all the other data is necessary to
play and of course it’s monopoly so no
one really trust each other are keeping
information each player keeps their own
copy separate until the end of each
round then everyone compares the sheets
of paper find out was made an honest
mistake it happens and we all know that
Badawi takes a very long time to finish
and in most cases it never ends up
looking like this but after all this
time each player will have 10 pages of
data if you consider one page of data a
block of information and one page linked
to the other like chain final product
will be a blockchain essentially it’s a
growing list of Records called blocks
that are linked distributed it’s secure
the consequences of blockchain
technology could especially be
life-changing for people that live in
underdeveloped or disadvantaged country
developing countries are confronted with
life changing situations on a daily
basis dictatorships social violence
national disasters but this is where
block shake can truly blossom and make a
difference just until recently a man
named Mugabe has been in power in
Zimbabwe
ever since 1980 he’s known for being
racist homophobic it’s committed
countless crimes against humanity but
what do you say miss Warren Zimbabwe is
stripping people of what they own most
importantly their land consider this man
owns a small piece of land that has been
in his family for generation after
generation yes two small kids which he
feeds because of what he farms this land
is this man’s everything it’s his life
but one year government officials knock
on his door and tell her that his land
isn’t this dog government files just
like this he loses everything
how can block chain something so virtual
so intangible change the outcome of
something so real you project called bit
land has been up and running in Africa
it hopes to give the Africans a better
method to record title deeds using the
bitmap blockchain it man stores the
deeds inside the blockchain an infinite
number of dictators or evil men can’t
change the proof of ownership of your
home the people that maintain that the
data on the blockchain are called miners
these miners have massive amounts of
computer power all they do is check the
blockchain they’re compared to the
blockchain of other miners making sure
that everything on there is the correct
data the websites and applications that
we use nowadays by the internet all
contain duplicated data of whatever
reviewing whether it be an email a PDF
or a YouTube video on kittens isn’t the
original version but this is where
blockchain changes everything all she
makes sure that anything you put or
store on the Internet
is the original version and cannot be
copied
promising possibilities for contracts
stocks bonds money all types of assets
we put and stored on the internet
without having the risk of them being
lost this technology will definitely
revolutionize certain fields and one of
the most important will be the bank
system one of the main rules the bank
has nowadays is transferring money in
2016 for national sent around four
hundred and forty two billion dollars
back home to their families and the
average transaction cost was a ten
percent now banks will tell you this
fees for being reliable and convenient
10 percent convenient I like to call it
legalized theft it’s nice of you and
thank you but what if I don’t want to be
forced to pay a third party my family
for his immigrant name that I’m saving
every month
she sends her money back home to her
family in Peru she gets paid goes to the
bank sends the money the money probably
gets their family around five days later
I hope you’re all asking themselves why
can’t she just use Bitcoin fact she
should long shank gives the possibility
to people like I said II said assets
through the internet without a third
party she would buy Bitcoin for example
send it to her family and her family
would then sell it Peruvian currency all
of this in a matter of 20 minutes while
just ping the exchanges and miners 1
percent of the transaction 2014 JP
Morgan one of the biggest banks in the
world was hacked hackers were able to
steal customer information that
eventually led to huge amounts of funds
being stolen from different accounts 100
million dollars exactly with blockchain
this would have never happened all Shane
makes it nearly impossible for any money
to be stolen as for how to be successful
all the data in the blockchain would
have to be changed simultaneously and
all the miners computers around the
world blockchain possibilities are
endless
and eventually they will be
life-changing for all of us ever since
the invention of the internet we have
just been scraping at the surface of its
true potential but now with blockchain
technology that belongs to the people we
can start to avoid government and
corporate interference in our everyday
lives it curious look into it try and be
a part of it it is in a government and
that is it a companies it’s free to use
and no one can take it thank you
[Applause]
paper
it can’t be physically touched or be put
into your piggy bank
it’s cryptocurrency and it’s completely
digital you could shop with it but it
stands for something more
it stands for revolution in technology
digital currency as the name implies
only exists electronically both know one
example is Bitcoin which some of you may
have heard of but most of you don’t know
is how it really works how the
underlying technology of the coin will
eventually change the world so what
makes this Bitcoin so special Bitcoin
and all the other cryptocurrencies are
these edge lives meaning that there are
no governments authorities or companies
that decide how many bitcoins are
produced controlling the price of the
currency or investigating fraud the
technology that makes this all happen
it’s called blockchain so how does it
work you and your family sideways a
monopoly but the thing is is when you
open the box you find out that the fake
money isn’t there so solve the problem
each player pulls out a sheet paper
starts to write down who owes who how
much all the other data is necessary to
play and of course it’s monopoly so no
one really trust each other are keeping
information each player keeps their own
copy separate until the end of each
round then everyone compares the sheets
of paper find out was made an honest
mistake it happens and we all know that
Badawi takes a very long time to finish
and in most cases it never ends up
looking like this but after all this
time each player will have 10 pages of
data if you consider one page of data a
block of information and one page linked
to the other like chain final product
will be a blockchain essentially it’s a
growing list of Records called blocks
that are linked distributed it’s secure
the consequences of blockchain
technology could especially be
life-changing for people that live in
underdeveloped or disadvantaged country
developing countries are confronted with
life changing situations on a daily
basis dictatorships social violence
national disasters but this is where
block shake can truly blossom and make a
difference just until recently a man
named Mugabe has been in power in
Zimbabwe
ever since 1980 he’s known for being
racist homophobic it’s committed
countless crimes against humanity but
what do you say miss Warren Zimbabwe is
stripping people of what they own most
importantly their land consider this man
owns a small piece of land that has been
in his family for generation after
generation yes two small kids which he
feeds because of what he farms this land
is this man’s everything it’s his life
but one year government officials knock
on his door and tell her that his land
isn’t this dog government files just
like this he loses everything
how can block chain something so virtual
so intangible change the outcome of
something so real you project called bit
land has been up and running in Africa
it hopes to give the Africans a better
method to record title deeds using the
bitmap blockchain it man stores the
deeds inside the blockchain an infinite
number of dictators or evil men can’t
change the proof of ownership of your
home the people that maintain that the
data on the blockchain are called miners
these miners have massive amounts of
computer power all they do is check the
blockchain they’re compared to the
blockchain of other miners making sure
that everything on there is the correct
data the websites and applications that
we use nowadays by the internet all
contain duplicated data of whatever
reviewing whether it be an email a PDF
or a YouTube video on kittens isn’t the
original version but this is where
blockchain changes everything all she
makes sure that anything you put or
store on the Internet
is the original version and cannot be
copied
promising possibilities for contracts
stocks bonds money all types of assets
we put and stored on the internet
without having the risk of them being
lost this technology will definitely
revolutionize certain fields and one of
the most important will be the bank
system one of the main rules the bank
has nowadays is transferring money in
2016 for national sent around four
hundred and forty two billion dollars
back home to their families and the
average transaction cost was a ten
percent now banks will tell you this
fees for being reliable and convenient
10 percent convenient I like to call it
legalized theft it’s nice of you and
thank you but what if I don’t want to be
forced to pay a third party my family
for his immigrant name that I’m saving
every month
she sends her money back home to her
family in Peru she gets paid goes to the
bank sends the money the money probably
gets their family around five days later
I hope you’re all asking themselves why
can’t she just use Bitcoin fact she
should long shank gives the possibility
to people like I said II said assets
through the internet without a third
party she would buy Bitcoin for example
send it to her family and her family
would then sell it Peruvian currency all
of this in a matter of 20 minutes while
just ping the exchanges and miners 1
percent of the transaction 2014 JP
Morgan one of the biggest banks in the
world was hacked hackers were able to
steal customer information that
eventually led to huge amounts of funds
being stolen from different accounts 100
million dollars exactly with blockchain
this would have never happened all Shane
makes it nearly impossible for any money
to be stolen as for how to be successful
all the data in the blockchain would
have to be changed simultaneously and
all the miners computers around the
world blockchain possibilities are
endless
and eventually they will be
life-changing for all of us ever since
the invention of the internet we have
just been scraping at the surface of its
true potential but now with blockchain
technology that belongs to the people we
can start to avoid government and
corporate interference in our everyday
lives it curious look into it try and be
a part of it it is in a government and
that is it a companies it’s free to use
and no one can take it thank you
[Applause]
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