In late July, a broad range of technology, business, philanthropy and policy leaders from around the world gathered at the third annual Blockchain Summit. This was no ordinary technology conference. First, nearly half the attendees were women; and second, the discussion centered less on technology and more on practical ways these new blockchain-based technology tools can be used for the public good.
Simply put, “blockchain” is a type of database used to store and keep public records. Changes to any records are automatically and permanently tracked and identical copies are stored in multiple locations. It is often described as a decentralized and distributed bookkeeping or ledger system designed to be a more secure and efficient way to transfer digital information.
Today, blockchain is best known as the technology underlying Bitcoin and other digital currencies. But the July gathering was devoted to exploring other non-financial industry uses where blockchain’s secure and verified digital record keeping also might prove valuable.