Understanding Blockchain Technology: A Brief Bitcoin Case Study

Video Courtesy IEEE Spectrum

It can now safely be said that currency was the first of many blockchain applications. Bitcoin is one of thousands of cryptocurrencies and blockchain-inspired technologies, some of which are in no way intended to be used as money. Most of these applications will evolve on platforms with more general-purpose designs than Bitcoin.

But, do you know how blockchains actually work?

Getting a fundamental grasp of this—as well as what could happen if the technology fails to work—is the first step in preparing for the blockchain revolution. To understand exactly how this underlying technology powers Bitcoin, see the above video. It was included in the recently released IEEE Spectrum Magazine Special Report: Blockchain World, which is highly recommended reading (if we do say so ourselves).

Join us for an IEEE live virtual event 20-22 March 2018

blockchain seminar IEEE block chainFrom smart contracts to blockchain-encrypted academic credentials, the use cases for this revolutionary invention are vast and far-reaching. In order to apply this technology to what matters most to you, it’s imperative to learn the basic components of a blockchain, its capabilities as well as limitations, and how it’s ultimately going to forever shape the future. These topics and more will be covered in the upcoming IEEE Virtual Event: Introduction to Blockchain Technology.

Led by Morgen Peck, contributing editor of the IEEE Spectrum Magazine Special Report: Blockchain World, sessions will run from 12:00PM – 1:00PM ET each day over the course of three days: Tuesday, 20 March, Wednesday, 21 March, and Thursday, 22 March. Participants will also have the opportunity to engage Peck in live Q&As.

Can’t join live? All content will be available to replay on-demand through the 30 April 2018.

If you wish to register as an individual, click here. You can also get your entire team up to speed on blockchain with special group pricing. And if you’re a current IEEE or ISACA member, discounts are available.

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