Tag: blockchain technology

Blockchain is an emerging technology that has the potential to create a paradigm shift in the way we think about financial transactions. It has the ability to record transactions via a shared ledger and can be applied across many industries and currencies. The first major application of blockchain was Bitcoin, an unregulated cryptocurrency that was very resource intensive to mine. But business applications for blockchain will likely differ in several key areas.

At The Boeing Center’s 9th annual Industry Conference in October, Ed Corno, Client Technology Leader at IBM, gave a presentation on blockchain from the IBM perspective. He claimed that the technology’s business applications will focus on identity over anonymity, selective endorsement over proof of work, and assets over cryptocurrency.

Ed Corno, Client Technology Leader at IBM

Corno defines the four key tenets of a shared, replicated, permissioned ledger (as characterized by blockchain’s business applications) are consensus, provenance, immutability, and finality. This shared ledger would serve as the one record of all transactions across the business network, and participants would be able to see only relevant transactions.

According to Corno, the requirements of blockchain for business are the aforementioned shared ledger, a smart contract embedded into the transaction database, the privacy to ensure that transactions are secure and verifiable, and trust between all participants.

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Distributed : Trade Conference logo

The Distributed Blockchain Conference is the first global event focusing on blockchain technology applications for both trade networks and financial services. We are fortunate to be able to host such a groundbreaking conference at Washington University in Emerson Auditorium next Tuesday, June 14th  from 8-5 p.m. This conference will bring together the industry’s leading blockchain technology companies with major enterprises to brainstorm how the new technology will disrupt and optimize trade networks and financial service. Still on the fence? Here are four reasons you should add The Distributed Blockchain Conference to your summer schedule:

1. Delve into the impact of blockchain on financial services and trade networks

Blockchains are the most revolutionary technology development since the Internet. Money can be transferred cheaply and more efficiently on a global scale, removing the middle man from the equation when making transitions.

2. Real use cases will demonstrate how blockchain technology can provide efficiency gains and cost savings

Forty of the world’s top financial firms are already experimenting with this technology and this number is expected to continue to grow. Fluent, a financial operating network with WashU roots, will be demonstrating their products tracking supply chain and offering product and proof-of-concept demos, helping you understand how some of the largest firms can embrace this new technology.

3. Network with the innovative leaders 

CEOs from the world’s leading blockchain startups and executives from the world’s most innovative corporations will come together to reimagine international trade networks. The event is primarily sponsored by SixThirty and BTC Media, which are both large contributors to the fintech industry. There are 45 speakers at the event, including Brian Behlendorf, the Executive Director of Hyperledger Project at The Linux Foundation; David Bailey, the CEO of BTC Media; Jeff Garzic, the co-founder of Bloq, and many more.

4. This is the first blockchain conference of this magnitude to be held in a non-coastal city

St. Louis is the first Midwest city to be selected to host a conference about blockchain, and for good reason: Home to many startups, elite colleges, and nationally-recognized fintech company SixThirty, St. Louis is a vital logistics and fintech hub. This conference offers you the rare opportunity to learn more about this revolutionary technology and network with some of the largest names in this growing industry.

Learn more and register today!

Please use discount code for WU students- DISTRIBUTEDWASHU