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April TechTalk: Blockchain

April 5, 2018

April 12, 2018 | 5:00-7:00pm | Bricks CoWorking & Innovation Space, Hathaway Creative Center @ 10 Water St., Waterville, ME | Free, thanks to CGI, Harold Alfond Institute for Business Innovation (at Thomas College), Valley Beverage, and Bricks Coworking & Innovation Space

Blockchain + The Future of Business and Innovation: The Power of Distributed Ledger Technology

By Derek Myska, Senior Consultant & Director of Blockchain Technologies at CGI

“Blockchain technology continues to redefine not only how the exchange sector operates, but the global financial economy as a whole.” – Bob Greifeld, Chief Executive of NASDAQ
As corporations and governments around the world aim to drive economic growth through innovative technologies, blockchain stands out as an innovation driver whose time is now. Blockchain can be a key technology in reimagining the way companies and governments deliver critical services; prevent waste, fraud, and abuse; foster collaboration; and spur economic development.
A cryptographically secure technology, distributed ledger—or blockchain—has enabled a new age of data storage and transfer. Blockchain enables data to be transparently accessed by many participants, storing that data in an immutable, irrefutable way. A disruptive technology being widely applied within the financial services sector today, blockchain has significant potential for innovation across a broad spectrum of use cases.
Benefits of blockchain technology include:
  1. As a public ledger system, blockchain records and validates each and every transaction made, which makes it secure and reliable.
  2. All the transactions made are authorized by miners, which makes the transactions immutable and prevent it from the threat of hacking.
  3. Blockchain technology discards the need of any third-party or central authority for peer-to-peer transactions.
  4. Decentralization of the technology.

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Last modified: January 8, 2019

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