As part of the Global Energy Transition Talks series, Silvio Micali, founder of Algorand and professor of computer science at MIT, will present on blockchain technology's potential for disruptive innovation in the energy sector.
As part of the Global Energy Transition Talks series, Silvio Micali, founder of Algorand and professor of computer science at MIT, will present on blockchain technology's potential for disruptive innovation in the energy sector.
A blockchain is a digital ledger of unalterable data, readable by everyone, to which every everyone can add new data. Blockchains stand to revolutionize the way societies and traditional economies operate. By removing costly intermediaries and introducing new paradigms of trust, they make traditional transactions (e.g., payments) more efficient, and totally new ways of transacting (e.g., smart contracts) possible.
The opportunities, for the energy sector in particular, are real. But so are the challenges. Blockchains cannot achieve their enormous potential via traditional technical approaches. They can, however, via dramatically different ones.
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Contact: belfer_events@hks.harvard.edu