Oct 11 2021 46 mins
What is blockchain, and how can it be applied to business?
Host Kris Reddy interviews Cory Hymel at Gigster. Formerly the Senior Solutions Architect, Cory recently shifted to Gigster's Head of Blockchain.
Cory simplifies blockchain into digestible bites. At its core, it's a distributed ledger.
You visit your bank's website to see your balance and inherently trust them to be correct. Now imagine the vast amount of transfers coming in and out of the thousands of accounts at each bank. Again, we trust them to be accurate.
The difference with blockchain is that ownership of ledgers is in the hands of all the bank's users. It's a democratization of ledger data.
Now imagine this concept applied to hospitals, healthcare, and patient records across the country.
We also dive into cryptocurrency mining, NFTs, and more in this episode.
If you're an expert in the blockchain and all things cryptocurrency, Cory wants to hear from you!
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See you in the next episode!