Beyond Bitcoin: Could blockchain change the world? | The Stream

Bitcoin and blockchain – two words you may be hearing a lot of these days. But how do the two work together and why do some enthusiasts think their technology will radically change the world?

Blockchain is the underlying technology that facilitates the secure exchange of cryptocurrencies like Bitcoin. Blockchain’s transparent network of transactions and has been touted as the next “Internet 2.0” with the power to potentially end corruption, fight global warming, prevent election fraud, lower healthcare costs and decentralise business sectors beyond banking and finance.

What are the pros and cons of blockchain technology? We’ll look at some of the ways entrepreneurs want to leverage it. Join the conversation on Wednesday at 1930GMT.

This discussion is part of a week of shows from the SXSW Conference and Festivals in Austin, Texas.

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