Ep 16. How Blockchain Has Been Used?
In this episode, Belinda explains that blockchain is not magic and explores the challenges to raise money for good purposes. She also shares her earlier career experiences on managing cloud computing. In short, her role in configurable computer system resources and higher-level services that can be rapidly provisioned with minimal management effort as it relies on sharing of resources to achieve coherence and economies of scale, similar to a public utility.
Key Take Away
ICO is the abbreviation of Initial Coin Offering. It means that someone offers investors some units of a new cryptocurrency or crypto-token in exchange against cryptocurrencies like Bitcoin or Ethereum. But blockchain is not bitcoin. Just learning and studying it is not enough and upon this her journey organizing an event to pool investors in Bali during the volcanos explode provides significant examples towards portraying blockchain in relation with social impact.
A consensus mechanism is also another of her technical elaboration given in this episode besides explaining on a time stamp sequence of characters or encoded information identifying when a certain event occurred, usually giving date and time of day, sometimes accurate to a small fraction of a second. Confusing and too technical? Belinda put it in a spread sheet examples and a simplify definition suitable for layman listening.