{"id":187,"date":"2017-01-16T07:50:11","date_gmt":"2017-01-16T07:50:11","guid":{"rendered":"https:\/\/blogs.scu.edu\/finis\/?p=187"},"modified":"2017-01-16T07:50:11","modified_gmt":"2017-01-16T07:50:11","slug":"the-blockchain","status":"publish","type":"post","link":"https:\/\/blogs.scu.edu\/finis\/2017\/01\/16\/the-blockchain\/","title":{"rendered":"The Blockchain"},"content":{"rendered":"<p>I stumbled across an interesting article titled \u201cBeyond Bitcoin: How The Blockchain Could Disrupt Our Financial System\u201d (<em>Forbes\/SAP Business Trends, Dan Wellers, SAP, August 11, 2015). <\/em>Reflecting on how Professor Schermann had included a short discussion on Bitcoins and the Blockchain in our opening lecture, I decided it was worth reviewing. Dan starts out right away in the article dispelling any fears that the Bitcoin would ever replace any of the worlds existing currencies, and then shifts focus to his main topic of discussion \u2013 the Blockchain, or the underlying technology of the currency itself. The Blockchain, utilizing cryptography coupled with a distributed management architecture, has the potential to serve as a powerful electronic historical ledger that doesn\u2019t rely on a centralized legacy financial institution. The power lies in decentralization and the incentives involved in verification of transactions. This, combined with current computing technologies, has created a new mechanism to operate more securely in todays and tomorrows increaeingly digital environment. I feel Dan has nailed it, and anyone that is dismissing the Bitcoin, is failing to realize the true economic value \u2013 the underlying Blockchain and its potential impact and implications on a larger scale. Stay tuned!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I stumbled across an interesting article titled \u201cBeyond Bitcoin: How The Blockchain Could Disrupt Our Financial System\u201d (Forbes\/SAP Business Trends, Dan Wellers, SAP, August 11, 2015). Reflecting on how Professor Schermann had included a short discussion on Bitcoins and the Blockchain in our opening lecture, I decided it was worth reviewing. Dan starts out right &hellip; <a href=\"https:\/\/blogs.scu.edu\/finis\/2017\/01\/16\/the-blockchain\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">The Blockchain<\/span><\/a><\/p>\n","protected":false},"author":1853,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-187","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":2,"qubely_featured_image_url":null,"qubely_author":{"display_name":"dthomas","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/dthomas\/"},"qubely_comment":2,"qubely_category":"<a href=\"https:\/\/blogs.scu.edu\/finis\/category\/uncategorized\/\" rel=\"category tag\">Uncategorized<\/a>","qubely_excerpt":"I stumbled across an interesting article titled \u201cBeyond Bitcoin: How The Blockchain Could Disrupt Our Financial System\u201d (Forbes\/SAP Business Trends, Dan Wellers, SAP, August 11, 2015). Reflecting on how Professor Schermann had included a short discussion on Bitcoins and the Blockchain in our opening lecture, I decided it was worth reviewing. Dan starts out right&hellip;","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1853"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=187"}],"version-history":[{"count":1,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/187\/revisions"}],"predecessor-version":[{"id":188,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/187\/revisions\/188"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}