Blockchains as a Component of the Next Generation Internet
Blockchains are best known as the technological underpinning for the Bitcoin cryptocurrency highlighted for its potential to revolutionise the financial world. For example, a World Economic Forum survey in 2015 found that those polled believe that there will be a tipping point for the government use of blockchain by 2023 and Santander have predicted savings of up to $20 billion by 2022.
The reach of blockchain technology, however, will go far beyond the financial sector, with pilots and deployed systems already emerging in a wide variety of sectors including: logistics, luxury goods, the Internet of Things, energy, music, education, land registry, social networks, human resources and insurance.
In this webinar, Prof John Domingue, from Open University, will first cover the basic principles and components underlying blockchains, including the use of cryptographic signatures, consensus mechanisms and smart contracts and then explore the current and future potential for this technology to impact and shape the Next Generation Internet.