via Futurism Newsletter
New Kid on the Block
Most people have heard of the blockchain, but sadly, most people don’t really understand what it is (or how it’s transforming our world). As Investopedia notes, it’s all about creating secure, global connections and getting rid of middlemen: “A blockchain is a public ledger of all Bitcoin transactions [or other cryptocurrency transactions] that have ever been executed. It is constantly growing as ‘completed’ blocks are added to it with a new set of recordings.”
This “ledger,” of sorts, acts as a direct connection between consumers and producers, eliminating the need for third-party entities like traditional banks.
Ultimately, blockchain technology and its developing applications promise a future with safer, more efficient ways to manage finances. Instead of relying on banks as a middleman to ensure the security of finances (which, as past recessions have shown, include a serious risk element), a “chain” of computers that are connected through a global network can verify a transaction. As such, blockchain could totally disrupt the financial sector.
However, blockchain has applications far beyond banking and finances.
Currently, there are two main prevailing blockchains in existence: the Bitcoin blockchain, and the Ethereum blockchain. While the Bitcoin blockchain is dedicated to the trade and storage of Bitcoins, Ethereum took the possibilities of blockchains further. Some say it could be used to disrupt politics or even feed the hungry.
From bitcoin enthusiasts to financial innovators and beyond, more and more people are becoming interested in the concept of blockchain. With this in mind, coming to Brooklyn, NY on May 19, 2017 is Ethereal Summit, an event designed to bring together those involved with—and excited about—this field.
Since blockchain is a relatively new concept, it is important that the possibilities within it are explored from every angle, and the Ethereal Summit could be a great way for those working in and around this field to come together and pave a way for the future of blockchain.
This culture-focused event will “aim to highlight the technologies and innovators that are ushering in the next generation of the internet, and catalyzing our transition into a decentralized world.”
Planning the Future
The event will include “art installations, virtual reality experiences, keynote speakers, and panels featuring some of the most prominent names in blockchain and beyond.” Among the keynote speakers are Vinay Gupta, a prominent blockchain thought leader; Maximilian Bech, creator of the first 3D blockchain model; Geena Rocero, transgender and identity activist; and Elizabeth Rossiello, co-founder and CEO of BitPesa.
This event will bring together professionals from a variety of backgrounds, giving the audience a well-rounded exposure to a multitude of perspectives.
For example, Gupta will discuss Ethereum and what this trend of decentralizing means for our future. To give another perspective on blockchain, Rocero will speak about the inherent inclusivity that blockchain provides. They will work through ways that women and other underrepresented groups can push forward as leaders in the quickly advancing future of tech and blockchain.