Blockchain

Blockchain

1. Characterstics

   • Public, shared ledger
   • Immutable
   • Removes the requirement of 'trust'.

2. History

3. Advantages

   • Increased security
     • Decentralised server
     • Records stored on the blockchain are immutable
     • Less vulnerable to cyber attack
   • Greater transparency
     • All transactions are stored on the public domain
     • Electronic voting systems
       • Brexit
       • 2016 Elections

4. Disadvantages

   • Cost
   • Complexity
   • Energy Consumption
     • Bitcoin mining
   • Longevity
     • Quantum computers

5. Indivduals

   • Self-Sovereign Identity
     • Zug, Switzerland
   • Human trafficking
   • Windrush Scandal

6. Society

   • Web 3.0
   • Personal Data and Privacy
   • Buying/Selling Property

7. Work

   • DAOs
     • Fully autonomous organisations with little/no human intervention

8. Leisure

   • Nest HQ - Blockchain for the music industry
   • DocuSign and Visa - Car Leasing