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Juan Benet, Founder, Protocol Labs, and Jill Carlson, GM, Tezos Foundation
Moderator: Jen Taylor, Head of Product, Cloudflare
Photo by Cloudflare Staff
JT: Tell us about what BlockChain is
JC: Going back to 2008, advent of blockchain came with bitcoin white paper.
The word Blockchain wasn’t mentioned at that point, but that was the advent of this tech.
What it solved was niche problem called double spend problem. Creation of digital cash.
What you see in a bank account isn’t digital cash. The problem in cryptography was how to create digital cash that doesn't rely on 3rd party intermediary. This is what Bitcoin created.
JB: Blockchain packs in lots of stuff: useful as brand. Like internet/web in early 90s, the meaning is fuzzy.
Properties that all of these apps have in common:
Academic definition: A blockchain is an indelible chain of blocks; once you insert information into one of them it remains.
Marketing definition: many applications have been developed over last few years, all have to do with public verifiability. Reliance on cryptographic methods to achieve goals on clearing payments and the ability to check and verify.
Across the board, removing 3rd parties from equation. Establishing publicly verifiable Continue reading