5 things educators must know about blockchain

Well, maybe you don’t really need to know…or you just want to know…or maybe, you don’t really care, at all.

1. Blockchain? Is it a blockchain? the blockchain? Is it a noun? a verb? blockchain, shmockchain…

2. THE blockchain is often described as shared digital ledger. It’s a simplistic definition. But, that’s what it is…a ledger, a shared digital ledger.

3. Does the blockchain have anything to do with bitcoin? Yes, the blockchain was first defined in the original source code for Bitcoin. Exciting, huh?

4. Let’s go back to the idea of a digital ledger. We’re going to expound on that, a little. The following is from Fortune Magazine (2017). The blockchain is a way to structure data, and the foundation of cryptocurrencies like Bitcoin. This coding breakthrough—which consists of concatenated blocks of transactions—allows competitors to share a digital ledger across a network of computers without need for a central authority. No single party has the power to tamper with the records: the math keeps everyone honest. Forty of the world’s top financial firms are experimenting with the tech.

5. For educators? Educators should care about it in so far as blockchain technology will create jobs and students will need to be educated in blockchain.  Check edX. They have an introductory Block Chain Course for Business.

If you want to read more, this iis a great overview of Blockchain, http://hackeducation.com/2016/04/07/blockchain-education-guide

#blockchain – read more about it at Forbes.com https://www.forbes.com/sites/bernardmarr/2017/01/24/a-complete-beginners-guide-to-blockchain/

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