Blockchain Event Fort Lauderdale
12 – 14 Feb 2020
Broward County Convention Center, Fort Lauderdale
Coming to the Broward County Convention Center is an event that will teach you how a fledgling technology is disrupting the world. The Blockchain Event Fort Lauderdale is going to showcase the multi-faceted aspects of decentralized distributed ledger technology (DTL), otherwise known as a blockchain. What started as a way to monitor transactions for the flagship cryptocurrency Bitcoin has quickly evolved and started to take over transaction and transmissions recordkeeping for a multitude of industries.
What exactly is Blockchain Technology?
Blockchain is a young technology that is being researched by many private organizations and government bodies across the globe. Blockchain in its most simplified manifestation is an accounting ledger that digitally maintains information and has the function of transcribing any type of transaction.
Information that details a transaction is stored as a data block and then added to the chain of other blocks in chronological order. Blockchain technology was originally designed to be the accounting platform that powered the flagship digital currency, Bitcoin. This industry-disrupting tech is essentially an electronic database that is distributed across the Internet. Its innovation is due to the fact that the ledger is constantly compared against the multitude of versions of itself. If one of the versions doesn’t agree with the rest, then it’s automatically flagged, making the blockchain extremely difficult to maliciously alter. Because there is not a single entry port for hackers to penetrate, the chain becomes virtually immutable.
How does Blockchain Technology Work?
Digital transactions are sent to a vast number of computer nodes that are all concurrently hosting the blockchain ledger, thus making it visible to the public as a whole. This enhances the security and transparency of the chain. Coupled with the continuous self-audits that are performed by the system, making any amendments outside of the scope of established contracts is almost impossible. This new tech will make record-keeping systems currently in place virtually obsolete.
Either complete or partially complete sections of data are transcribed to the current block which is subsequently placed into the blockchain, giving it a large degree of permanency. On average these blocks are appended to the chain every 10 minutes. With its distributed database, the blockchain can make transactions between different parties much more efficient.
The encryption that secures the blocks allows users only the ability to view the data contained within but not be duplicated. This creates a secure transaction that is immutable and the record’s authenticity can be confirmed by the community as a whole. This ultimately removes the need for a central authority.
How will Blockchain make an Impact?
With global awareness increasing about this technology, blockchain application has spread far across the world and across industries. It has rapidly changed the way we share records, data, and documents by decentralizing the authority held over them. No longer will gatekeepers maintain the power to withhold information and control the pricing market of data transmission. This new technology has also created efficiency in transferring data as well as reducing the cost in the process.
Blockchain adoption is already spreading through numerous industries. It already finds itself being used to create smart contracts, a contract executed when contingencies have been met, file storage and sharing, auditing supply chains, KYC/AML compliance, and various other fields.
Moves to utilize blockchain technology to digitize an assortment of sensitive information, such as medical records, gun registration, and voter counts have already been suggested. Blockchain technology is the disruption that digital security has been looking for.
What can You Expect at the Blockchain Event?
The Blockchain Event in Fort Lauderdale is the perfect place to get up-to-date information from some of the industry leaders and keynote speakers. They will discuss the new sectors that blockchain is entering and how to capitalize on it. It’s designed to help decision-makers, developers, and those who are just interested in learning more about the value of blockchain.
You’ll learn how blockchain can be applied to several industries and can pose as a solution to many current business issues. The event will also cover how to actually implement blockchain technology into your projects. You can take part in helping to create a new global economy.
During this three day convention touting the power of blockchain technology, don’t let your own personal business slip to the wayside. Stay ahead of the curve by carving out your own block of space by renting office space from Cruiseport to work on your business while in Fort Lauderdale.
If you require an office to rent contact us today.