Imagine a world where you can vote in an election with your phone, where you buy a house in a matter of hours, or where cash simply doesn’t exist. These are some of the scenarios being mooted by an increasingly excited blockchain community. The technology that underpins the cryptocurrency Bitcoin is nothing new – it’s been around for decades. It’s just an encrypted database that’s distributed across a computer network. But what makes it different is it can only be updated when everyone on that network agrees, and once entered the information can’t be overwritten, making it extremely secure and reliable. And trust, as we know, underpins most business transactions.
From fine wine to lotteries: Blockchain tech takes off
More of Today's Solutions
All city buildings in Chicago are now powered by renewable energy
BY THE OPTIMIST DAILY EDITORIAL TEAM Chicago entered 2024 with a landmark achievement: every one of its 411 municipal buildings, from City Hall to ...
Read MoreHow unique leopard calls could impact conservation
BY THE OPTIMIST DAILY EDITORIAL TEAM Leopards, renowned for their stealth and solitary nature, have always been challenging to study. However, groundbreaking research revealed that ...
Read MoreThese solar-powered barges can scoop up 50 tons of plastic from rivers each day
While removing the plastic waste that currently contaminates the ocean today will be crucial for protecting marine ecosystems, it is arguably more important that ...
Read MoreWashington’s first human compost company is open for business
Washington passed a law in 2019 allowing citizens to compost themselves after death for a more sustainable burial process. Fast forward a year later ...
Read More
