The Human Blockchain: Bitcoin Explained Without Technology
Bitcoin, still a financial technology in its infancy in terms of adoption, can seem mystical to some. Blockchain technology is unlike any other system currently powering currency, and as such is not properly understood by the public at large. To many, especially of the older generations, cryptocurrency can seem like magic, a trick of digital sorcery, and certainly not something upon which one would place their trust and life savings. To aid in the understanding of cryptocurrency, I will attempt to explain BitcoinCT r: 8 through the allegory of a pre-electricity village, without referencing....
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Provenance, a UK based blockchain supply chain traceability solution provider intends to fight illegal fishing and associated human rights violations. The applications of blockchain technology are proving to be endless. Name a challenge and it can probably be solved using Bitcoin’s underlying technology. Provenance, a social enterprise has proven it by adopting the technology for supply chain management, effectively tackling illegal fishing and human rights abuses. Project Provenance Limited, based out of the United Kingdom offers blockchain based supply chain transparency and traceability....
HUMAN Protocol has launched on the Ethereum Mainnet. To complement this launch – which also involved the listing of HMT (the native token of HUMAN Protocol) on FTX and Gate.io on the 10th of August – the HUMAN Protocol Foundation has now released the HUMAN App: the first opportunity for people to earn HMT directly for completing data-labeling tasks, and the first gateway into the HUMAN experience. HUMAN Protocol provides the end-to-end infrastructure – the tools, plugins, integrations, and APIs – to hire, manage, validate, and compensate individuals at scale. It is....
A U.K. food co-op is testing blockchain technology to verify that fish providers are not using slave labor, according to The Guardian. The seafood industry is notorious for human rights abuses and illegal fishing. Tesco, the U.K.’s largest supermarket, has stopped using a certain fish provider over the need to ensure it was using sustainable tuna. The blockchain ledger tracks the origins of fish, allowing anyone to see where the fish was caught, processed and sold. It does not stop illegal fishing on its own, but it provides anyone the ability to track the fish through the supply chain.....
Bitcoin will succeed not just because it is the best monetary technology, but because it is the money most aligned to principles fundamental to human nature.
According to experts, smart contracts on the Blockchain will eventually create Blockchain-based exchanges if the issues of trust, security and liquidity can be overcome. One major aspect of the Blockchain that emphasises its disruptive nature is decentralisation. Transactions on the Blockchain are usually based on automatic execution once the underlying conditions are met. This can be explained by the creation of smart contracts, which eliminates the element of human interference once the process is started. Within the Bitcoin world and the Cryptocurrency ecosystem in general, transactions....