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Blockchain 101:�Digital Trust

Presented by:

Noah Antisdel, MBA, PhD

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Why Blockchain Matters

  • Blockchain concepts directly impact your work and life.
    • data integrity, transparency, fraud prevention
  • Your background will help you apply the concepts.
  • You’ll learn with practical hands-on activities.
  • You’ll gain tools and insights you can apply now.

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Learning Objectives

  1. Identify key blockchain building blocks
  2. Describe the blockchain process
  3. Apply blockchain trust concepts to your life
  4. Evaluate and critique blockchain use in your industries

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Defining Blockchain

A decentralized, immutable digital ledger

  • Decentralized
    • No single boss—shared across a network
  • Immutable
    • Once added, can't be altered
  • Digital Ledger
    • Electronic database of all transactions

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Quick Breakout Discussion

  1. Pair up with a neighbor
  2. Share a financial trust breach story

“My bank error erased a transaction”

  • Brainstorm how blockchain could prevent it

“Blockchain’s immutability would prevent that."

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Building Blocks

  • Blocks = Data ‘pages’ chained together
  • Hash = Unique fingerprint
  • Nodes = Network computers validating information
  • Consensus = Group agreement rules

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Process

  1. Transaction proposed
  2. Validated by nodes
  3. Added to block
  4. Hashed and chained
  5. Distributed

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Strengths & Weaknesses

Blockchain Strengths

Blockchain Weaknesses

Enhanced Security

Scalability

Efficiency

Energy Use

Inclusivity

Regulation

Innovation

Adoption Curve

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Assignment

  • Find an online article about how blockchain is being used in your field.
  • Write a critique explaining how this would / would not solve a real trust problem in your organization. Identify the building blocks and process used.
  • Post it to the discussion group. Then read, evaluate, and respond to two classmate posts.

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Questions/Comments?

Forum Link: www.onlineforum.com

My contact information: antisdelnoah@gmail.com

Thank you for your participation!

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