GLOBAL CRYPTOCURRENCY CENTER, NASDAQ CONSENSUS

How to Explain Blockchain to a 5th Grader

Piscini explained that blockchain is very similar to a cash transaction. You know the currency is real and you trust that you are getting the amount of cash promised from the other party. He continued that blockchain is like this, but with the hope that it happens on a global basis without the need for a third party.

Hudson James, Chief Operating Officer of Oaken Innovations joined Brad Smith at the Consensus Summit in New York to discuss securing Internet of Things (IoT) devices utilizing blockchain technology. Oaken Innovations creates "ACORNS" -- Autonomous Communication Over Redundant Node Systems. Each of these ACORNS has a special purpose when interacting with machines. They can be easily scaled and replicated for multiple applications. The ACORNS can be used in a variety of applications such as oil & gas distribution controls to isulin dosage management.

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