Session Leader: Peter Munnings – Distributed Engineer – ConsenSys
Session Title: Preparing for Restructure: Blockchain and Southern Africa CIOs
Description:
Is Blockchain the most important emerging technology for the enterprise – and therefore the CIO?
The digital revolution is bringing a new and radically different platform for business and other institutions that can take us through the next quarter-century of human progress. At the core is the biggest innovation in computer science in a generation. It is blockchain – the technology underlying the digital currency Bitcoin.
For the last few decades, we have had the internet of information. Blockchain is bringing the internet of value.
At its most basic, blockchain is a global database – an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions, but virtually everything of value and importance to humankind: birth and death certificates, marriage licences, deeds and titles of ownership, educational degrees, financial accounts, medical procedures, insurance claims, votes, transactions between smart objects, and anything else that can be expressed in code. This ledger represents the truth because mass collaboration constantly reconciles it.
Will the rise of blockchain enabled the rise of capitalism and the nation state?
How about the corporation – a pillar of modern capitalism?
How about the internet of things?
Key takeaways:
Basic blockchain architecture and why it is so different to a typical corporate data store
Lessons from history (the development of data package switching protocols)
What’s happening in this space
SA Financial Blockchain Working Group
Projects in the rest of the world