IRELAND – 6 December 2017 / Embedded Downloads announced today that they will host the next Limerick Blockchain Mastermind at the Bank Of Ireland, Limerick University Campus. The event will be held monthly with the next meeting scheduled for January 2018.
The aim of the Limerick Blockchain Mastermind is to bring blockchain experts from the financial, technology and other sectors together to explore opportunities presented by this new technology. The group will also be inviting blockchain companies and associated groups from Galway, Cork and Dublin.
The subject of the January Mastermind will be: “IOT and Blockchain, a match made in heaven”
Interested parties are invited to join the online meetup group or contact the company directly.
More about Blockchain: –
From Wikipedia: A blockchain – originally block chain – is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data. By design, blockchains are inherently resistant to modification of the data. Harvard Business Review defines it as “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.” For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority.
Blockchains are secure by design and are an example of a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been achieved with a blockchain. This makes blockchains potentially suitable for the recording of events, medical records, and other records management activities, such as identity management, transaction processing, documenting provenance, or food traceability.
The first blockchain was conceptualised in 2008 by an anonymous person or group known as Satoshi Nakamoto and implemented in 2009 as a core component of bitcoin where it serves as the public ledger for all transactions. The invention of the blockchain for bitcoin made it the first digital currency to solve the double spending problem without the need of a trusted authority or central server. The bitcoin design has been the inspiration for other applications.
More about Embedded Downloads: – Embedded Downloads, based in Limerick, Ireland, is a developer of hardware and software security solutions focusing on the IOT [Internet of Things] Industry.
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