Naked Newsletter 4/2017 -Will blockchain save the world?


Naked Approach Newsletter 4/2017

Naked Approach is a research project built for the hyperconnected world with the sensor revolution. Hyperconnectedness and sensors will radically change the way we perceive, act, do business and interact in the world. Demos Helsinki has published two scenarios about the hyperconnected planet until the year 2040. Download the book for free here.

Will blockchain save the world?

If you follow the tech world, you can’t avoid encountering blockchain.The technology, which most famous application is the virtual currency, bitcoin, has been claimed to save the world or at least to revolutionize the world economy.

Blockchain is a kind of open database, which is located on multiple servers, and where content can be checked from many locations.

Four points from the blockchain-related event:

1.   I don’t understand the technology, but I’m not the only one. Blockchain is an interesting technology but challenging to understand. Even the experts of the field are confused about the best and easiest ways to utilize it.

2.   There are lots of enthusiasm and hype about the possibilities of blockchain, but useful applications and use cases are still rare.

3.   Currently, the biggest opportunities rely on things like micro-payments and registration systems in regions, where public registers are lacking or which cannot be trusted.

4.   Blockchain could possibly change the means of digital platforms, because it enables action on platforms without a third party, which usually secures trust between platform users.

Read more, how blockchain could change the world in this McKinsey’s article.

What are the current applications of blockchain? Here’s the list and an inspiring example from Helsinki:

Blockchain Technology Companies
The list of the companies and startups working on blockchain technologies and applications

Streamr And Ethereum, Or How We Saw The Light
Streamr made demo together with HSL to connect live data streams of every tram of Helsinki, visualise it and create smart contracts based on Ethereum.

More inspiring reading:

Why Many Smart Contract Use Cases Are Simply Impossible
In the article, Dr Gideon Greenspan, founder and CEO of Coin Sciences, discusses why blockchain-enabled smart contracts may be suffering from inflated expectations.

An Ethereum Journey to Decentralize All Things
In the article, Zach LeBeau, writes about the events that inspired the creation of SingularDTV and its tokenized organizational structure – the CODE.

The Internet of Agreement: Building Hyperconnected Future on Blockchains
The report by explores how the blockchain will drive positive changes in nearly every area of civic life over the next ten years.

And something in Finnish:

Lohkoketju – internetin seuraava megatrendi on jo täällä

Blockchain mullistaa maailman kuin internet

Best regards,
Johannes Mikkonen

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