1 minute read time.
Our speaker Frank Rayal, founding partner of Xona partners presented a comprehensive and dynamic lecture on blockchains, their use and some typical applications, including Bitcoin. The audience was fully engaged and audience feedback is good with the main comment being that the talk should have been longer! At the opening of the lecture, David Mann introduced our speaker and mentioned to the audience that this talk was a shrunk version of a four hour workshop being delivered the following week by Xona Partners in Asia.


The speaker took the audience through development of Blockchains and Crypto Currency, He introduced the audience to the so called and mysterious inventor of Bitcoin, Satoshi Nakamoto . His original paper on Bitcoin can be found here  . Our speaker explained the opportunities and challenges with blockchains (as a distributed ledger layer) and with applications such as cyber currencies, healthcare record, banking applications and other ideas in early stage conceptual development, all of which use the blockchains platform.

 

Concepts of longevity, power consumption, scalability and security were presented and well challenged by the engrossed audience. Mr. Rayal answered all questions frankly and clearly. 


We are grateful to our speaker and to the audience for coming out at such short notice. For those potential Bitcoin Miners this link provides an explanation: 

 
  • Former Community Member
    Former Community Member
    Photographs may be found in our Gallery.


    Today's news from Japan is salutary.  http://www.bbc.com/news/world-asia-42845505


     
  • Former Community Member
    Former Community Member
    The talk was indeed interesting for me and, I believe, the other attendees.  I came away with a number of concerns and questions.  The Bitcoin mining process is computing power and energy intensive.  It appears to be an unregulated lottery and it rewards those with the most powerful computers.  This will favor those who are already wealthy and further contribute to the concentration of wealth.  I am certainly not afraid of technology and Blockchain tecnology may well have some useful applications, but spawning huge databases and chewing up storage space and data throughput seems the wrong way to go.  So personally I will need to be convinced that the application of Blockchain technology is valuable and I am confident that it needs to be thought through in a lot more detail.