Posted under Venture Capital
from http://cdixon.org 973 days ago

Nick Szabo:

On the Internet, instead of securely and reliably handing over cash and getting our goods or services, or at least a ticket, we have to fill out forms and make ourselves vulnerable to identity theft in order to participate in e-commerce, and it often is very difficult to prohibitive to conduct many kinds of commerce, even purely online kinds, across borders and other trust boundaries. Today’s computers are not very trustworthy, but they are so astronomically faster than humans at so many important tasks that we use them heavily anyway. We reap the tremendous benefits of computers and public networks at large costs of identity fraud and other increasingly disastrous attacks.

Recently developed and developing technology, often called “the block chain”, is starting to change this. A block chain computer is a virtual computer, a computer in the cloud, shared across many traditional computers and protected by ...

Read More...

blog comments powered by Disqus
Editor's Pick
Popular Today