TED conference is where beautiful minds share great ideas and knowledge. It’s like an online course you can take completely for free to expand your worldview and get the inspiration.

There already have been few people talking about blockchain and crypto back in 2015. Here are my takeaways from two great TED talk about the blockchain revolution. I highly recommend everyone to watch and be inspired.

The author of “Blockchain revolution” Dan Tapscott gave a TED talk back in June 2016. In his speech, he explains how blockchains and cryptocurrency happened going through is evolution chronologically and emphasizing how blockchain technology can bring more prosperity to our world.

Key takeaways

Dan Tapscott speaks about the 5 ways blockchain technology can bring more prosperity into the world.

Protecting rights trough immutable records.

70 percent of the world population have a tenuous title on their land/property. In various scenarios, the information about ownership can be lost, and in the majority of the world owning a property is a guarantee for vast social rights and benefits like borrowing against it. Various countries and companies are working to develop a blockchain for land property information. Once it’s there it is permanent and cannot be changed. Embracing true sharing economy.

We have to admit, all the sharing economy giants are not embracing the true potential and core idea behind sharing economy. Frankly, they are just the usual intermediaries, taking their portion for every action. However, blockchain suites sharing economy perfectly since money can be transferred directly between two people with no additional intermediary needed. The biggest investments from the developed world to the developing world are remittances.

There are millions of people sending money home to their loved ones using WesternUnion and similar companies, taking large transaction fees and days for the money to be transferred. Within the blockchain, people can send money directly to one another fast, cheap and efficient. Owing back our personal data.

Every single time we do something digital we leave the trace of our action, with the blockchain we can own out data back and monetize it to gain the direct benefit when someone wants to use it. Fair pay for creators of content/value.

Musicians, artist, journalists, etc. receive just a fraction of the money. The era of the internet broke the intellectual property. The smart contract enables creators to receive e direct payment whenever their content has been used.

Bettina Warburg is a blockchain researcher, entrepreneur, and educator. With a strong passion for the intersection of politics and technology she presented the idea of decentralized economy and how blockchain can make a massive influence on our daily lives solving some of the main human problems.

Key takeaways

Blockchain helps to deal with one thing that people have been trying to avoid for centuries — the uncertainty. Thousand years ago we used violence to lower uncertainty, later on, we developed centralized institutions and online marketplaces.

The blockchain is the new step in the evolution of uncertainty. Here’s how blockchain works here.

Blockchain allows people to create a user-controlled portable identity.

As a consequence expanding once leverage online. Blockchain allows to selectively reveal the different attributes about yourself needed to facilitate the transaction or action you want to make, by revealing the cryptographic proof that certain details exist and are signed off on. Transparency.

Using blockchain you can track the movement of the item you bought online and even be certain that that Calvin Klein watch is not a forgery. Diamon market is the perfect fit for this so buyers would know the history of that diamond and be certain that it is unique. Reneging of deals.

With the help of a smart contract, funds can be realized whenever all the conditions are met. Shortly, if you don’t receive the item you bought, or there are some mismatches you don’t have to worry about getting back your money since funds were not realized.

Conclusion

There are thousands of ways blockchain technology can be used to improve our lives it is just the matter of time when we use it on the daily basis.

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*Below are the new dates for the 2019 Startup Grind Global conference.