Sunday, 8 April 2018
Hon Sui Sen Memorial Auditorium, Singapore
Block-chain technology creates a secure transaction ledger database that records and stores every transaction that occurs in a network of decentralized computers, essentially eliminating the need for “trusted” third parties such as payment processors.
The technology could offer new and innovative ways of storing, providing and tracking healthcare and insurance information. If the technology is successfully developed, the entire financial services and securities systems could be transformed. Currently, there are three types of block-chain networks, which are public block-chains, private block-chains and consortium block-chains. In terms of the application, not only are there many block-chain use-cases for government, but it is possible that positive government action could help the block-chain revolution along.
The lecture explicitly introduces block-chain with focus on the next ten years of block-chain, explaining from technology to philosophy.