With over four decades in advanced computing, even though my attention is now principally focused on the New Energy Era and Clean Tech, when a new software technology as profound and disruptive as “blockchain” comes along, I can not help but engage with its emergence and evolution with great curiosity and interest.
What is blockchain technology? To start to understand, think of it as enabling transparent or public trusted ledgers that can track anything. Check out this very understandable six minute video:
While bitcoin is getting most of the attention, and perhaps even distracting from the eventual value of blockchain technologies, due to how bitcoin has been applied as a virtual currency, there is an even more broadly innovative and applicable blockchain or transparent ledger platform called “Ethereum”.
I have been studying Ethereum roughly since its inception and the level of excitement I’m feeling is as great as when I was first shown the early Mosaic web browser by a colleague from the National Science Foundation, well before NetScape brought web browsers broadly onto the computing scene.
I know from my long involvement with thought leaders in cybersecurity that the current implementation of “eCommerce” on the web can not be truly secure. All internet security is essential “bolted on after the fact”. To use an analogy, it’s as though a bank vault door has been added to the front of a surface wooden structure instead of being the door to a concrete bunker deep in the ground.
Ethereum is the first platform or environment I’ve found that I believe can fulfill the promise of a trusted cyber experience. Below is a link to the best article I’ve yet read about the vision for Ethereum and why it matters to the business world. It’s a deep article, one I’ve re-read many times. It’s well worth reading as many times as it takes to fully understand the implications and promise.