Contemporary human experience of trust is changing, individual decision-making has become digitized, and modern institutions are breaking, broken, or obsolete.
Through an educational lens prioritizing openness, mobility and artificial intelligence (AI), the aim of this website is to explore how BlockChain Technology (BCT) serves as a solution to these problems by incentivizing participation in the face of trustlessness in a collective pursuit of an open, participatory, and equitable knowledge society.
BCT is one of many disruptive, dehierarchicalisation tools innovated by a virtual counterculture constructing new frameworks for social justice, financial freedom and ecologically prosperity through the creation of a shared economy of temporary usage for an inclusive, collaborative, and sustainable future. While there existing challenges to BCT, such as energy usage, scalability, and standardization, the addition of its anticipated $2.1 trillion USD to global GDP by 2030 cannot be ignored.
For the last 500 years, capitalism has knighted corporations to establish trust while they simultaneously raped the Earth of its riches and oppressed its Peoples of their rights for the benefit and privilege of wealthy minority. Historical asymmetric benefits are intensified in a digital age which too often replicates traditional power structures. BlockChain technology can subvert this unnatural evolution by prioritizing humanity over capital gain to provide the disenfranchised with the resiliency required to gain irrevocable upward mobility toward a socially just future.
Blockchain Technology (BCT) uses cryptographic code to create distributed ledgers (DLT), 32-digit hash blocks linked to surrounding data to create a 64-byte digital signature. Single point of failure (SPF) is eliminated with timestamped blocks sent to decentralized peer-to-peer (p2p) nodes which are then globally disintermediated through distributed verification. If successfully accepted through consensus algorithms (CA), a key (public, private, hybrid, permission, consortium) is created. The block then joins the chain creating an immutable 256-digit Smart Contract (SC), which is neither smart nor legal, but which when combined with a digital handshake, creates the BlockChain.
BCT was purportedly created by an actor adopting the pseudonym 'Satoshi Nakamoto' as a response to the 2008 Financial Crisis. First used for Bitcoin, the connotation of crypto corruption has stuck, thus, due to its financial etymology, it has long been seen as a vehicle for fraudsters or Fintech bubble get -rich-quick scheme. It is important to remember, however, that the transgressional capacity of BCT is the latest defender in a long line of anticapitalistic endeavors so ought to be viewed through a restorative lens. While the crypto hype may be over, BCT potential is just beginning to be realized in a variety of spheres, including education.
The above image shows how blocks are created. Once successfully mined, digital rewards are provided in the form of cryptocurrencies or non fungible tokens (NFGs). The video below deconstructs BCT further and discusses the first SCs used in vending machines as friction-reducing (tribology) technology saving time and money. In today's virtual world there are myriad dangers, including auto enforceable code used in SCs that 97% of users ignore.
Primarily as a response to the 2008 financial crisis, there was also a strong desire to subvert capitalism, decentralize ownership, and return financial power to people. From a post-2008 technological perspective, the Cloud, Big Data and 5G expectations have triggered a massive amount of digital production and need for vulnerable data to be securely and privately stored. With increasingly digitized content, BCT developers need to outmaneuver malicious actors so virtuous users can reclaim power and privacy in a safe online space. BCT is a mechanism to facilitate this change. BCT may be seen as the latest resistance in a long line of digital transgressions but the actual origins of who exactly designed BCT are quite mysterious.
An anonymous agent, or group of actors, calling themselves Satoshi Nakamoto, wrote a White Paper (2008) (Bitcoin P2P: Electronic Cash System) introducing BlockChain Technology through Bitcoin as a new system to solve double spending. This represented a novel manner of social organization and data management. While the real Satoshi Nakomoto has denied all claims of inventing this technology, an email and website are provided for further contact.
BCT can be used for anything that needs to be kept private, safe, and secure. While first created for Bitcoin, BCTs potential applications include: Finance, Environmental Protection, Disaster Relief Payment, Notary Services, Personal Data Management, Insurance, Industrial Sector, Automotive Industry, Mobility, Healthcare, Government, Software Development, Internet/Cloud Services, Internet of Things (IoT), Internet of Value (IoV), Blockchain of Things (BoT), Sharing Economy, Voting, and Education.
Although Bitcoin was the first Dapp (decentralized app) to use BCT, BCT is not Bitcoin. Rather, BCT is the underlying technology that enables Bitcoin, as well as all other different types of cryptocurrency. Another common analogy is to say BCT is to cryptocurrency what the internet is to email. Thus, email, like Bitcoin, is one of many applications that the internet, or blockchain, can facilitate. With this understanding, a critical analysis of BCT is presented below.
Johari's Window is a psychological tool that helps to understand the relationship between what is known and unknown to oneself and others. It consists of four quadrants:
Open Area (Known to Self and Others)
Blind Area (Unknown to Self but Known to Others)
Hidden Area (Known to Self but Unknown to Others)
Unknown Area (Unknown to Self and Others)
The fourth quadrant is a mechanism to excavate the unknown unknowns and find new truths. Such tools can be used to constructively think through these issues from a quality assurance perspective to provide more metadata for webcrawlers to discover.
If the concept of block chain technology is still not resonating with you, watch this video to break it down further.