For centuries we have recorded knowledge and decisions in traditional ways. Pen and ink records locked away for safety, or USB sticks of details encrypted and stored, protected ‘cloud’ entries perhaps. But these mechanisms are only as safe as the mechanisms for creating them – computers allow us to crack into security codes almost as easily as setting them up.
However, a new mechanism has emerged that protects information securely, ensuring that facts remain unalterable and decisions tamper-proof. It is the underpinning structure that allows us to buy and sell with digital currencies – ‘blockchain’ has arrived.
Although invented to secure digital money transactions, innovators are discovering new kinds of transactions that need securing from interference. There may now be a way of securing unalterable facts to keep them secure from mis-interpretation or hiding their existence.
Perhaps too the critical track record of important decisions can also be stored, tackling the scourge of tactical forgetfulness or wilful misrepresentation.
- If indeed blockchain makes facts unalterable and decisions open and undeniable, what does this mean for ‘truth’?
- Will it prevent conspiracy theorists, or distributors of fake news?
- Is it a blessing to know that information must be correct, or a curse?
This session will explore these issues, whilst allowing the audience to engage with experts on the impact of blockchain technology. The challenges are new, and so are the opportunities.