We will be talking about everything Web3 and Blockchain. Apart from the weekly Podcast, we will also use this platform to include keynote speeches our team presents. We will keep this light and fun, and easy to listen to. We will dive deep into the technology from time to time, but our goal is to educate and bring all of you on the Web3 journey with us.
We will talk about popular technologies such as Blockchain, Development, NFTs and Crypto, and please be advised whatever is spoken about here is not financial advice.
The episode starts with an introduction of the different types of blockchains: permissionless, permissioned, and hybrid, each having unique roles and use cases.
Craig discusses the decentralised nature of blockchain, pointing out that this feature can eliminate intermediaries in transactions and therefore, promote direct and efficient exchange of value. The in-house counsel, Maureen, highlights the legal and trust components, stressing on how blockchain can disrupt the old trust mechanisms by eliminating the central validation entities.
Charlie, the operations manager touch on the technical subtleties, and consider the details of blockchain operations, such as transaction validation, and the part played by the miners and the nodes in the blockchain ecosystem. The podcast also throws some light on the financial side of blockchain, including transaction fees and the idea of gas in networks such as Ethereum.
The discussion continues with the use of blockchain in the real world such as in supply chain management, ethical sourcing, and consumer goods transparency. An example is Walmart’s use of blockchain for food traceability, which proves that the technology reduces the time taken to trace products significantly, thus improving efficiency and consumer trust.
The episode does not avoid the technical aspects of blockchain, for example, the role of network validators and the move towards proof of stake systems. But it keeps an approachable style, which makes the concepts understandable to the listeners from non-technical fields and show the revolutionary nature of blockchain technology.
Within the discourse, the hosts and guests emphasise that blockchain should be perceived not only as a technical solution, but also as an approach that could be used in various sectors for the sake of its transparency, security, and efficiency.
Blockchain as an immutable, non-editable ledger.
Discussion on different types of blockchains: permissionless, permissioned, and hybrid.
Understanding the mechanics of blockchain in technical terms, including transaction validation and mining.
Investigation of the practical applications of blockchain in supply chain management and consumer transparency.
Financial side of blockchain, i.e. transaction fees and gas.
Blockchain Basics: The concept of blockchain as an unchangeable ledger and its fundamental position in the digital era.
Types of Blockchain: Distinguishing permissionless, permissioned, and hybrid blockchains and their applications.
Technical Mechanics: Exploring the mechanics of how blockchain works, nodes, miners, and validators.
Practical Applications: Emphasising practical uses of blockchain in industries such as supply chain management.
Financial Implications: Economic side of blockchain, transaction fees, and gas.
What are the other ways through which the blockchain technology can be fused more into non-financial sectors to improve transparency and efficiency?
What are the challenges and solutions in the process of moving from traditional systems to the blockchain systems in different sectors?
What will be the impact on the adoption and functionality of blockchain technology, for instance, the movement towards proof of stake, of the changing landscape of the field?
Blockstars can help you develop your Blockchain/AI project from idea to going live no matter what stage you’re in! With a team of experts in many different blockchains and a commitment to providing nothing but top quality services, Blockstars is your one stop shop for those seeking to launch a successful Web3, blockchain or AI projects.
Hope you guys Enjoy this light hearted episode! Tell us what else you would like us to cover on Blockstars Web3 Weekly.
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