This week, Brian Forde, MIT Media Lab's director of digital currency, breaks down how the Bitcoin and the blockchain could transform the way the world does business. Bitcoin is a digital currency created in 2008 and the blockchain its global public ledger, which records every Bitcoin transaction. Forde explains how money transfer is only one use of Bitcoin and the blockchain. Find out how the protocols can be used to make smart contracts, transfer physical assets from person to person like a house, and more.
Forde also explains how the blockchain could replace some repetitive work done by lawyers, insurance companies, and bankers and how the blockchain could usher in a new era of digital rights management that could change the music and media industry.