This video was filmed in July 2019 as part of The Open University Business and Law Festival, during The Open University's 50th Anniversary celebrations. #OU50 Following the announcement from Facebook that they will launch their own cryptocurrency (Libra) in 2020 interest in blockchains and claims about their potential continue to grow. Karen Foley interviews John Domingue and Dr Robert Herian, who will very briefly explain what this technology is and then explore its implications for the legal arena. Their shared viewpoint is based on experiences in implementing and deploying blockchains in a variety of contexts and working with and advising a wide variety of players including startups and large companies and the European Commission.
How does blockchain work and has its usefulness been over or under estimated? John Domingue and Sajida Zouarhi show how blockchain is being implemented in a real-world setting. Blockchain, the technology that underpins cryptocurrencies such as Bitcoin, has an almost unlimited number of applications beyond finance. From digital identities to kidney transplants, blockchain technology solves the problem of intermediary trust between parties without a central authority.
This event took place on the Monday 24th September 2018
9th February 2019, Tokyo, Japan
METI has been holding discussions on the applicability of the technologies to the domains of academic degrees, courses and career certifications as well as management of research data, taking advantage of its project titled “FY2018 Industrial Technology Survey”(Research for Applicability of Blockchain Technologies to Universities and Research Institutes to Promote Mobility of Domestic and Overseas Human Resources and Secure Reliability of Research Results as well as Research for Winning of Standards therefor). In light of the discussion results, METI will organize a Blockchain Hackathon, aiming to further promote social implementation of the technologies.