The main purpose of the blockchain is to allow fast, secure and transparent peer-to-peer transactions. It is a trusted, decentralized network that allows for the transfer of digital values such as currency and data. Some of the most popular blockchains allow individuals to make instantaneous transactions on a decentralized network. By design, there are records kept on all blockchain transactions, and strong encryption algorithms ensure that no transaction can be altered once complete. Each block in the chain contains information on a transaction, and the chain linking the blocks together can be thought of as a ledger, listing the order in which the transactions occurred.
The reason you hear so much about blockchain is that blockchain technology revenues have risen dramatically over the past few years. By 2023, the blockchain technology market is expected to be worth more than $23.3 billion, with a majority of that expansion coming from the financial sector. That means cryptocurrencies and blockchain, in general, are technologies that can actually have an impact on you and your small business.
Peteris Erins, Founder of Auditless, an Ethereum developer tools and R&D start-up. During his keynote, we will look at the crazy stories behind crypto developers and explore the tools that support them as they try to recreate our financial system in code.
Jules Miller, Partner at IBM Blockchain Ventures. With blockchain still being in the early days of enterprise adoption, Jules Miller and IBM Blockchain are leading the way and facilitates successful collaborations between the worlds of startups and corporates. Why blockchain is still a thing and why we all should pay attention to it.
Tom Ghelen, Capability Lead Future Now for Gallia at Accenture. At the Accenture Innovation Center for Smart Services in Heerlen Tom is in charge of the Blockchain practice and the Nanolab. He is often consulted as an experienced Design Thinking Facilitator, Faculty and Technology Sherpa.
With many practical applications for the technology already being implemented and explored, blockchain is finally making a name for itself at age twenty-seven, in no small part because of bitcoin and cryptocurrency. As a buzzword on the tongue of every investor in the nation, blockchain stands to make business and government operations more accurate, efficient, and secure.