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BIGcast

16Feb

Blockchain - The Non-Technical Discussion

In This Episode:

  • Why blockchain is so much more than Bitcoin and Mt. Gox.
  • Why blockchain is valuable.
  • A short overview of Bitcoin. Is it alive, dead or evolving, and how does it really work?
  • Blockchain as a distributed database.
  • Why cloud-based currencies make people and institutions nervous.
  • Blockchain key features include, “...mechanisms to make it hard to change historical records, or at least make it easy to detect when someone is trying to do so”.
  • Cryptology as a security management tool.
  • Need not be currency oriented, or even financially oriented.
  • CFTC has classified Bitcoin as a commodity, opening it up to regulation. How does this effect people’s views of the product?
  • Cloud concerns and considerations.
  • Public vs. Private blockchains: guess where banks are focusing.
  • Who is filing blockchain patents, and why?
  • Regulatory aspects of blockchain for CUs.
  • No Lightening Round this week, but John quizzes Glen on blockchain topics and FAQs.

URLs related to this week’s BIGcast:

About the Author

John Best

John Best

CEO

Best Innovation Group

John Best is recognized as a thought leader and visionary of technology advancements and financial application development within the credit union industry.

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