Blockchain Ideas Explored at Consensus Makeathon Day One
Day one of the Consensus 2015 Makeathon brought together more than 60 developers, industry experts and students with the goal of developing new solutions using blockchain tech. Held at New York-based co-working space General Assembly and sponsored by Braintree, Chain, Coinbase and KeepKey, the two-day event involves 16 teams competing to win $5,000 in cash or a digital currency of their choosing. The teams are focused on solutions for financial inclusion or financial infrastructure, with interesting early solutions emerging. At the end of the morning's brainstorming session, teams had....
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The Consensus 2015 Makeathon drew to a close today when Team 15 was awarded the event's $5,000 prize for an application that envisioned how the blockchain could be used to produce verifiable, immutable receipts for use during an insurance claims process. Led by Tierion CEO Wayne Vaughan, the four-member team included Citi credit and portfolio risk management associate Thulasi Nambiar. New York University computer science major Deepak Atal. Apttus sales engineer Dom Steil; and Coin Cafe's Emily Faber. Introducing the concept, Vaughan said: "Right now with our current insurance system there....
We've all heard of recording land title-deeds on the blockchain as an amazing use-case for digital currencies and blockchain tech, but what else is out there? How else can we connect the dots to see new ways of using this revolutionary technology? We're interested in finding out, so we're hosting a Makeathon ahead of Consensus 2015. We want to gather a diverse, multi-disciplinary group of people with the goal of discovering fresh new use-cases for this amazing technology. This isn't just an event for software developers or designers either. We're looking for people who are immersed in....
There are only 21 days to go until Consensus 2015, CoinDesk's inaugural summit on digital currencies and blockchain tech. In honour of the very special nature of the number 21 in the cryptocurrency space (there will only ever be 21 million bitcoins created), we're releasing a limited batch of 2-for-1 Consensus tickets, available for 24 hours only. We've added some great new sponsors and speakers to our lineup recently, including Gyft, Coinbase, Chain, Abra and BNY Mellon. After receiving a great response to our call for Makeathon applications - it was oversubscribed by 300% - we've closed....
Blockchain is not just a huge pile of data created by miners and users. It's also not just the specification describing valid state transitions and a genesis block describing initial state. What makes a blockchain valuable is human consensus, a widely held belief that creating machine consensus according to a certain set of rules is useful. In addition to an exactly specified genesis block, chains are also born with a set of ideas attached to them. Each user can have their own ideas about why the chain might be valuable and how valuable it is. Unfortunately, one can have assumptions....
Gaining a deeper understanding of a popular — but, meanwhile, widely misunderstood — concept in blockchain technology: the consensus algorithm. Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind. In previous parts, Andrew Levine of Koinos Group discussed some of the challenges the team has faced since identifying the key issues they intend to solve, and outlined three of the “crises” that are holding back blockchain adoption: upgradeability, scalability and governance. This....