In 2016, a TED Talk speaker talked about the future of money. The talk focused on Bitcoin and blockchain technology and how it can be used in our everyday lives. In this blog post we will explore what was said in the talk, as well as some other innovative technologies that are being developed to disrupt society.
In this talk, the speaker talked about how blockchain technology has a big potential for changing our world as we know it. Blockchain is an up-and-coming and relatively new form of data storage that uses cryptography to maintain secure records without the need for intermediaries. The best known application of blockchains are bitcoin transactions but there are many more applications being developed or researched that may change society in significant ways. One such use case is prediction markets, where people can bet on future events and be rewarded if they win their bets; another example is smart contracts which could automate certain tasks like distributing paychecks when somebody gets hired so those who want work no longer have to search through job listings themselves looking for something specific.
Blockchain isn’t just a new way to store data. It can change the world in significant ways, Prediction markets, for example, could allow people to bet on future events and be rewarded if they win their bets. Another use case is smart contracts which could automate certain tasks like distributing paychecks when somebody gets hired so those who want work no longer have to search through job listings themselves looking for something specific.
In order to understand what blockchains are and how they might transform society it’s important first of all not just think about blockchain as a single technology but also consider how it interacts with other technologies such as mobile devices or artificial intelligence systems that make predicting the future even more complicated than before. Bitcoin transactions provide one good real-world test bed of this.
How the blockchain is changing money and business?
Blockchains provide an innovative way of storing and transferring value. They are a form of decentralized ledger that records transactions in chronological order, the blocks being linked to each other like building blocks. A consensus mechanism decides when new data can be added to the blockchain by verifying all previous entries or transfers made from it. It is this breakthrough technology that has led to Bitcoin’s success as well as its many imitators around the world such as Ethereum, Litecoin and Monero which use similar technologies but on different platforms with varying properties for their applications and mining techniques