In this video, learn how to describe—in plain English—what blockchains do. Most common definitions of blockchains focus on the nuts and bolts of how blockchains work but miss the big picture description of what they actually do.
- Ask even the people who work with blockchains … to define them and you get a stuttering response. … That's a line … from a New York Times article explaining blockchains. … And it's true. … Blockchains are hard to explain … because they can so many things. … Let's fix this. … I'm going to help you describe, in common language, … what blockchains accomplish. … To get there, let's compare it to something … we know well, the web. … What did the web accomplish? It's hard to answer, right? … The web does so many things … and it birth these business models … that have completely transformed our lives. … But big picture, put very simply, the web made it easier, … faster, and cheaper to communicate data. … Whether we're sharing a document or … trying to coordinate a ride based on our location, … or sharing our perspective with friends around the world, … it's vastly easier, faster, and cheaper than before. … And at the highest level, that's it. … So what will blockchains accomplish? … Blockchains will make it easier, faster, …
Alison begins by explaining what blockchains accomplish, how they make it safer for everyone to work together, and where they do—and do not—deliver value. Then, she details the new tools that blockchains offer business, including how they can help you discern what's real from what's false in your digital world. Plus, learn how blockchains can impact different departments within your business, from finance to HR.