The Future of Blockchain Technology

#Bitcoin #blockchain #technology #decentralized #hash #functions #cryptography

The blockchain is the core mechanism for cryptocurrencies like Bitcoin. Blockchain
technology can be regarded as a public ledger, in which all committed transac-
tions are stored in a chain of blocks. This technology has far-reaching possibilities
of applications beyond nance in areas such as healthcare, voting systems, and
civil document management to name just a few.
A blockchain is essentially a distributed database of records, or public ledger
of all transactions or digital events that have been executed and shared among
participating parties. Each transaction in the public ledger is veried by consen-
sus of a majority of the participants in the system. Once entered, information can
never be erased. The blockchain contains a certain and veriable record of ev-
ery single transaction ever made. Bitcoin, the decentralized peer-to-peer digital
currency, is the most popular example that uses blockchain technology. The dig-
ital currency bitcoin itself is highly controversial but the underlying blockchain
technology has worked awlessly and found wide range of applications in both
nancial and non-nancial world.
In this lecture our main hypothesis is that the blockchain establishes a sys-
tem of creating a distributed consensus in the digital online world. This allows
participating entities to know for certain that a digital event happened by cre-
ating an irrefutable record in a public ledger. It opens the door for developing a
democratic open and scalable digital economy from a centralized one. There are
tremendous opportunities in this disruptive technology, and the revolution in
this space has just begun. This lecture will describe blockchain technology and
some compelling specic applications in both nancial and non-nancial sectors.
We will nally look at the challenges ahead and business opportunities in this
fundamental technology that is all set to revolutionize our digital world.

• Date: 26 Sep 2018
• Time: 04:00 PM to 05:00 PM
• All times are (UTC+02:00) Prague
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• Brno University of Technology
• Department of Telecommunications
• Brno, Czech Republic
• Czech Republic 61600
• Building: T12
• Room Number: SD 1.49
• Click here for Map

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