Atul Marathe introduces us to blockchain technology, crypto currencies and their business applications.
A Crptocurrency like Bitcoin was in the news these days, for different reasons. Some look at it as a fantastic speculative opportunity while others wish it away as something to do with money laundering and diverting black money across borders. Many are too confused with a lot of jargon around it like crypto currencies, hashing algorithms, public and private keys etc. Most of us are curious about what impact this technology will have in our life, if any.
So this session will address why this disruptive technology – Block Chain is seen as the next big thing after the internet. It is also called the ‘Money of the internet’ world, and how netizens will adopt to it compared to our existing currencies. We will also discuss new business models that will emerge on the internet Token based remuneration may catch up soon.
It is interesting to see its big impact on under privileged countries with weak banking networks and / or doubtful or corrupt governments with hyperinflation trying to keep tight control on their currency and its exchange. For others its more of an alternate offering. This session will not be a technical session about block chain technology.