Blockchain - Explained by Common Craft - INDV

This video provides a big picture look at why blockchain matters. Using the story of a village, it explains how villagers, who had a centralized authority for ownership, discovered a new, decentralized way to manage the ownership of village property. It teaches:

• How central authorities (banks, government) currently account for changes in ownership
• Why a fundamentally new accounting system is now possible using the internet
• How blockchain works to create a decentralized system that users manage
• Why this new system is considered safe, secure and transparent

Video Info:

• Duration: 03m 20s
• Captions Available: YES
• Lesson Plan: YES
• Category: Technology
• ISTE Standard: Empowered Learner, Indicator 1d