This month I am researching and discussing some new technological advancements with my students. Though the concept of blockchain of using encrypted digital ledgers is not new. Bitcoin is becoming more accepted for large transactions these days, as some celebrities recently purchased real estate with bitcoin cryptocurrency.
I found Lisk Academy’s website an excellent educational source to learn about blockchain and bitcoin. This website explains how important it is for students to understand the need for personal and company data to be kept safe and secure.
By spreading the important data into encrypted chained blocks, it then becomes harder to change or steal it. Because the data is usually shared in a selected network group, one cannot unlock the information without the key or permission from everyone in the group. Thus, the group builds trust while protecting its vital data.
Word to the Wise: Trust is hard to build, but it is best built with God at the helm.