Blockchain Radio April 2017

Blockchain Radio highlights blockchain & cryptocurrency news stories, accompanied by inspirational music and visuals. April 2017’s video plays to the backdrop of Chicago, IL, USA. Come explore with us!

Not to mention, if you enjoyed this radio, please come back next month for May’s news and prices! Also, feel free to check out our Youtube page for other resources on all things blockchain!

Becca’s Personal Cryptocurrency Tale

Becca’s Personal Cryptocurrency Tale

My name is Becca, and this is how I came to be a part of the cryptocurrency wave! This is a personal cryptocurrency story, and is by no means meant to be financial advice.

Background

Jordan and I became friends back in February 2017. We’d hung out a few times, each time discussing some new and interesting. He mentioned blockchain during our hangouts, but I didn’t know much about it until the end of March 2017. He  requested my Skype name through a mutual friend and we set up a time to chat.

Jordan was interested in bringing me on the team for a number of reasons. First, we had great rapport and had a vast knowledge of random things, allowing for fantastic intellectual debate. Second, I am female and the Blockchain.WTF team was a total sausage fest at that point. Third, I’m a copywriter with a background specifically in digital marketing. In Jordan’s eyes, I was the missing piece to help get things off his plate

Lockheed Martin’s Undertaking of Blockchain Cybersecurity

Lockheed Martin’s Undertaking of Blockchain Cybersecurity

Cybersecurity Upgrades Lie In Blockchain

Blockchain has a plethora of benefits in the world of cybersecurity. Thanks to the use a peer-to-peer network (P2P), information is inherently more secure than on a centralized network. To give you a quick idea, a centralized network is a platform in which all information passes through a single point. A decentralized or P2P network requires data to pass through multiple points. So, a centralized network can easily collect data because everything goes to one place.

Lockheed Martin has capitalized on the concept of decentralization to up their cybersecurity. Cybersecurity is specifically the security of information associated with networks, platforms or the Internet. The well-known security and aerospace company chose to implement blockchain, in order to address the real issues with centralized security. They’re the first US Defense contractor to make a move towards the execution and use of the technology. Lockheed Martin specifically paired with Guardtime Federal, the leading blockchain cybersecurity company in the industry.

Belgian Minister of Justice Tries to Crack Down on Bitcoin

Belgian Minister of Justice Tries to Crack Down on Bitcoin

Government and Bitcoin Understanding: A Constant Battle

Government and Bitcoin are head-butting in a few places around the world. Belgium is just one of the many governments around the world that struggles to understand Bitcoin. So, it comes as no surprise the Minister of Justice is in cahoots over the potential use of cryptocurrency in the country. He is currently attempting to collect all currently circulating currency. Unfortunately what he and others fail to realize, is the fact that you can’t just force people to hand over their cryptocurrency. Whoever has possession of the key to a wallet has access to it. So, why would someone just willingly hand that over? Learn more about hardware wallets here.

Because Government exists in such a way that it desires control, Bitcoin and other cryptocurrencies inherently are “bad”. Now, this “bad” stigma really only stems from the fact that users are not required to go through a centralized point to transmit data in the system. Centralized platforms require just this, and is the reason why government entities love them! They make combing through data for more manageable and simplified.

Decentralized Storage Is Essential to Data Security

Decentralized Storage Is Essential to Data Security

Decentralized Storage Is Key to Data Protection

A massive gap in security exists when storing data on centralized platforms. How many times have you heard about a company getting hacked? What about the huge hack that happened to Target a few Thanksgivings ago? Hacking is a real, prevalent issue in the world of centralized systems.

Blockchain technology, of course, provides an awesome alternative to the broken system of centralization. Because it exists on a decentralized platform, blockchain essentially negates any issues associated with a single platform. This owes to the fact that it relies on a peer-to-peer (P2P) network, or a number of computers. In contrast to a centralized platform’s single point-of-data, decentralized platforms exist within multiple-points-of-data.

Toyota’s Blockchain Undertaking

Toyota’s Blockchain Undertaking

Automotive Companies Understand Potential of Blockchain

Remember a few weeks ago when we discussed how blockchain could truly impact self-driving cars? (Read about it here, if you didn’t get a chance to check it out!) Well, here’s a real-life example of it! Toyota has actually started implementing the technology in their autonomous vehicles, in two distinct ways.

First, it will help with data collection. In order to ensure safety with self-driving cars, a distributed ledger is ideal because millions of miles of data are required. Pooling of data  could then be used to shorten the time it takes to reach the goal of mass-produced, self-driving cars.

Second, it collects data for individual drivers, and actually gives them access to their information. From there, they’d have the choice of sharing their data with insurance companies, or keeping it to themselves. Blockchain gives back the power to the individuals.

Automotive Industry Welcomes Blockchain

Automotive Industry Welcomes Blockchain

For years, the automotive industry has been stuck in place. Long after you’d expect new innovations to be implemented in the industry, do they finally make it to the big stage. Researchers have conducted studies for decades surrounding cleaner fuel, moving towards the use of renewable energy resources. Even in 2017, owning and driving a renewable energy car is expensive and cumbersome.

E-85 fuel made a big splash when it entered onto the scene. It seems that we could naturally make our cars go, without drilling and causing further damage to the planet. Instead, cars are manufactured in such a way that it doesn’t matter if you use E-85 or not. So, most people choose to go with regular gasoline–something they already know.

Newer technologies, however, have emerged that have propelled the auto industry into modernization. Smart cars are starting to make it onto the road, and with them comes a lot of new technology.

Blockchain & Freelancing

Blockchain & Freelancing

A Millennial’s Use of Blockchain in Freelancing

Have you ever woken up after an amazing weekend with a groan, asking yourself, “ugghhhhh why can’t I just work from home?” You’re certainly not alone, as many people question the same thing. There have, of course, always been risk factors prohibiting the average person from jumping in and working for herself. In the past, freelancing wasn’t really viewed as a “stable” career. The game completely changed, though, when Millennials hit working age.

millennial blockchainMillennials matured in the most unique era, with regards to technology. These kids simultaneously grew up both outside of and with the Internet. The 1990s were a breeding ground for huge societal change. Because Millennials already had working knowledge of computers, they were the first generation to step onto a job, ready to go. When these kids reached working age they completely altered the working people’s horizon.

Russia’s Adoption of Blockchain

Russia’s Adoption of Blockchain

We’ve covered a slew of Asian countries moving towards the adoption of blockchain technology. Japan, of course, recently started accepting bitcoin through their exchanges. India has touted the benefits of using cryptocurrencies, going so far as to be vocal about the technology.

Blockchain technology is far more than digital currencies, as we’ve seen with its adoption around the world (For more in-depth info, read our guide to Blockchain). Well look out, world, Russia is joining the ranks of governments to adopt the breakthrough technology. The Eurasian country spans 13 time zones. With such a large mass of land (and a ridiculously spread out population!) it’s imperative to keep records organized, accessible, and unchangeable post-creation.