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Lively with the crypto king of Canada

John Kealey / The Globe and Mail

At the beginning of the year, a huge wave of glitz and conspicuous consumption emanating from the usually disreputable Canada. In May, hundreds of global Digesters crossed Manhattan through heavy rains to board a 210-foot yacht for a holiday cruise around New York Bay. At the end of the six-hour concert hosted by a Toronto cryptocurrency company, two participants won Aston Martin sports cars, each worth about $ 250,000.

A month later, the media were invited to visit Canada's largest condominium. Purchased for $ 28 million, the apartment in downtown Toronto St. Regis Residences (formerly Trump International Hotel and Tower) boasts more than 16,000 square feet arranged over the top three floors of the building, with a surrounding balcony the central floor like a glass-steel belt The world has also peeked at an office unlike anything else anytime soon. Experimental plans require visitors to the Toronto downtown area to be greeted by a holographic receptionist who directs them through hidden doors. The curved panoramic screens will paint the walls, the glass floor of the conference room will reveal the mini cars whizzing around a track and, to complete the boy-mogul's imagination, the CEO's office will be reached by a tunnel.

The man whose money has paid for all this pageantry is Anthony Di Iorio, a Toronto entrepreneur who flirted with the billionaire elite on the heels of prescient investments in bitcoins and other digital currencies (although the crypto crashes of this year probably damaged its equity). In the last five years, Di Iorio has emerged as the main ambassador of Canada for the crypto economy, and has not bothered to blow up large wads to raise the profile of the nascent sector.

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L & # 39; s office? It should be the future home of the company Di Iorio, Decentral Inc., which imagines as a hub of innovation for startups linked to the blockchain. Estimated that it has invested millions in more than 30 companies, including its own: the Jaxx wallet app to keep bitcoins and other digital currencies. The New York party was a pre-launch event for the latest version of the product, which coincided with one of the most important conferences in the industry. Between parking lots full of Lambos and private parties with Snoop Dogg, it was not easy to take a dip, so he flew to Chicago, his favorite DJ, from London and separated with a couple of his favorite cars. As for the condominium – an update from the current $ 6 million block of Di Iorio – will serve as both space for the home and for private events. He paid in cash. & # 39; & # 39; I do not like being in debt, "he says.

This could just be a fun entertainer, the latest iteration of technologically rich bravado, if it were not for the genuine importance of what Di Iorio is pushing. Not bitcoin – in time that could turn out to be another secondary show – but blockchain, the ungainly word that announces the next chapter of communication technology. While real-world applications are in their infancy, both the rickety crypto-enthusiasts and business mothers-lies agree that different sectors such as finance, real estate, social media and social media. health care will be transformed by blockchain in the next decade. A poll by the World Economic Forum predicts that 10% of global GDP will be stored in blockchains by 2027, and almost every major company, from banks to telecommunications companies to shipping lines, is running a pilot project to see how can profit (or protect itself from this last interruption. "The impact of blockchain on the business will be greater than the impact of the Internet on business," says Jeff Pulver, an American entrepreneur and pioneer of VoIP, wild hyperbole, continues to read and become the judge.

John Kealey / The Globe and Mail

Di Iorio, a 43-year-old business man who previously sold French doors and perforations of geothermal wells to live, has placed himself at the center of innovation, becoming an initial nucleus of talent and a promoter of their ideas. He is also co-founder – and primary primary lender – of Ethereum, the second most valuable blockchain platform in the world after bitcoin and the one that really matters to the business world. Today, his goal is nothing more than to transform his hometown into the Silicon Valley of cryptography. But the digital currencies on which Di Iorio made his fortune can only play a small part in the last future of the blockchain. How cunningly he will place his bets during this crypt crisis will determine whether he will emerge as a visionary who has seen the revolutionary potential of a technology that many people can not understand or just another lucky speculator who has thrown great parties.

The Decentral office is a bright loft with white walls, but that's not why the CEO wears sunglasses. Di Iorio has just had a corrective eye surgery, and as he collapses into a black couch in the lobby, he explains that the light is straining his eyes. The place has the equipment necessary for the technical start-up: a ping-pong table in the middle of the room, a glass container for meetings, six roaming robots for teleworkers, but it feels improvised. The company's future office, scheduled for the five upper floors of this building in Toronto's entertainment district, is now suspended pending an encrypted bounce.

Di Iorio is a small man with a tonic body and a detached way. He wears a dark gray hooded sweatshirt over a white T-shirt; dark and tight jeans; and white Acne Studios sneakers (wears a new pair, $ 300, plus a pop, every month and travels with a shoe-cleaning kit). On his chest is a pendant with an old Mexican clock, a gift from a cryptic billionaire colleague, Brock Pierce, who has long been part of his uniform. It is often photographed in blue sports caps. The effect is a cross between Mark Zuckerberg and Drake: the sober casual techie meets the expensive street chic.

John Kealey / The Globe and Mail

While a PR person and two assistants are hovering nearby, he sets some basic rules: he does not want to talk about his family or his money. His voice is low, he forces me to lean, and he is clearly used to being in charge. When I open with a question about his background, he says, "I'll start from the beginning, I do it quite often."

Raised with two older siblings in a wealthy family north of Toronto, Di Iorio was fascinated with technology from an early age. When his parents wanted to punish him, they would take his computer away. While studying business at Ryerson University, he tried to build websites but was never really a programmer. After graduation, he set aside technology to learn the business world. He worked in marketing for a machine manufacturer, then for the production of his family's showcases in Woodbridge, Ontario. After the family sold the company in 2008, his father supported him in a geothermal drilling startup, but did not last long. On several occasions, he also invested in real estate, worked as a DJ and made digital art. Nothing really stuck.

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In mid-2012, while listening to a podcast called Free Talk Live, he had heard of bitcoins. It was a way to send and trace units of value in a digital way that, at least in theory, could not be violated. Di Iorio had an anti-authoritarian streak and what he read about the boom-and-bust cycles and inflation made him doubt the fundamentals of the mainstream economy. In his mind, bitcoin has solved most of the problems with money. A cryptocurrency has a fixed supply: there can only be up to 21 million bitcoins; you can not simply print or coin more, then dilute the value. It is fungible. It is transferable. And it removes intermediaries, allowing people to make payments without a bank.

He bought his first bitcoin, for $ 9.73, the day he heard about the currency. "It was the culmination of my love for computers, communications, entrepreneurship, and economics," he says. "This technology could allow people to solve these problems I was studying." He began to read obsessively, giving up sleep. After having recently cashed out a property investment that had more than doubled in five years, he began to accumulate money in bitcoins.

He wanted to talk to more people, so he created the Toronto Meetup Group in Bitcoin. The first event, held in a pub in 2012, attracted around eight participants, mostly experienced technicians. Among them was a young lanky-haired rebel and a shy way called Vitalik Buterin, a first-year computer science student at the University of Waterloo (Buterin would soon be out to co-manage Bitcoin Magazine) . "He was a very underrated boy who could not hold a conversation," recalls Di Iorio.

As the presence grew to hundreds of people, meetings became weekly. Russell Verbeeten, a Toronto-based technology entrepreneur who had recently returned from London, recalls that they were largely focused on projects that could evolve the bitcoin platform. "Like everyone else, I could not understand all the implications, but soon we realized that the number of computer engineers who could safely build bitcoins was very small." To expand beyond Toronto, Di Iorio formed the Bitcoin Alliance of Canada and was elected executive director: it was an unpaid position, but Di Iorio did not lack money. With bitcoin rising to around $ 1,000 by the end of 2013, its initial investment in cryptocurrency had risen to around $ 2 million within 18 months.

Di Iorio, through its global network, claims to be "flooded with opportunities". One of these ended up being transformative not just for him but for the whole industry, but our time is over. "" We're up until 2013, "Di Iorio announces." We'll have more of these sessions an hour and we'll continue where we left off. "

Chili of techno music through the Rebel disco as a mixed crowd of clothes and shorts, sandals and heels, old hipster pants and teenagers with fake identity documents through the doors. Even with pulsating neon lights, it's hard for the eyes to adapt to darkness, since it's 10 o'clock on a sunny August day.

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Di Iorio is the main speaker at the Futurist Conference, seen here on 14 August 2018 on the Satoshi stage at the Rebel nightclub, Polson St, Toronto

John Kealey / The Globe and Mail

The seat on the shore of Lake Toronto hosts the Blockchain Futurist Conference. Despite a recent crash of cryptocurrency values, more than 1,000 participants are here to learn how to profit from what a panelist describes as a $ 4 quadrillion opportunity. Backstage, former Dragon Bruce Croxon merges with the crypto-entrepreneurs while the ex-thirty-five former CNN member Larry King, listed as a consultant for a blockchain startup, is waiting to moderate a panel on mass adoption of technology.

This stuff is not easy for the masses to wrap their heads. In essence, blockchain is a shared digital ledger, or database, that maintains a canonical archive of each transaction (block) in a historical record (chain). Bitcoin is the name of the blockchain used to exchange units of value called bitcoins, but there are thousands of such currencies (or tokens) today. Because the registry is available simultaneously on computers all over the world, it can not be deleted without anyone knowing, allowing people to conduct transactions without the need for a central authority to verify accuracy. "Blockchain's true power is like a fiduciary machine: it allows multiple parties to trust each other even if they have no incentive to do so," says Marc Lijour, a Toronto consultant with the ConsenSys block, which helps companies to adopt the technology. It's like working on Wikipedia: everyone contributes, but you can see what changes have been made. "

As such, blockchain can help any industry that relies on record integrity to gain speed and reduce costs. Financial transactions are a natural starting point. The processing of a credit card payment requires several parties to validate the availability of funds, to authorize their transfer, to invoice the cardholder and to reconcile the registers. At this time, this process can take anywhere from three to five days: a period in the digital age. With blockchain, it can happen in real time, with minimal or no human interventions, at much lower costs. "In the institutional environment, everyone has a demonstration of the concept, with teams exclusively dedicated to this," says Geoffrey Cher, head of the fintech practice at Baye Wildeboer Dellelce LLP.

Almost all sectors will be affected. In the blockchain world, everything that has value – personal data, medical records, songs – could be managed and exchanged in a private and secure way. DigitalBits, for example, is building a blockchain to trade loyalty points. In a dark room of the nightclub, covered with showy backgrounds with flowers and snakes, the founder Al Burgio explains that he is creating a secondary market for digital resources such as Air Miles, Petro-Points and Canadian tire money, as a currency exchange foreign. Because many people already participate in reward programs, DigitalBits does not need to educate them. & # 39; & # 39; Rather than translating blockchain to the masses, we are bringing masses to blockchain. & # 39;

On the main stage, the MC introduces the opening keynote speaker, "a legend in the Toronto space." Di Iorio mounts the stage, wearing the usual white t-shirt, jeans and the pendant of the watch. audience, who held his last birthday party here with 50 friends, who should discuss the interfaces, but says he has changed his mind, instead devotes the next half hour to walking the participants through his personal journey: l & # 39, love of computers, the first purchase of bitcoins and, finally, the launch of Ethereum, its most successful venture to date. "" Ethereum would not have taken off if I had not put Vitalik and other people together, "he points out.

The creation of Ethereum has already begun to gather a mythical aura. A few days after the conference, Di Iorio greets me in his downtown condominium, where he lives until the St. Regis place is finished. The space is dominated by a huge live dining table and overlooks a pool on the balcony. It is a sultry afternoon and while Di Iorio leans around a sockless, he seems tired, as if he had just woken up from a nap.

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Once he's settled into a large L-shaped sofa with a glass of unsweetened iced tea, he explains that when Vitalik Buterin showed him a white paper he wrote at the end of 2013, he was not sure what to do with it. "He's a brilliant writer, but his ideas were very complex, and he would have lost me on many things." So he managed Charles Hoskinson, an American mathematician whom he had met through his work for the Bitcoin Alliance.

Hoskinson was immediately excited. What Buterin proposed was a new type of blockchain platform that could execute programs – "smart contracts" – that automatically performed transactions when certain conditions were met. For example, a car rental company could provide access to a vehicle once the customer has paid a fee, or an assembly facility could send an order to the parts as soon as his inventory reaches a certain level.

In a few weeks, Di Iorio, Hoskinson and Buterin, together with Buterin's co-founder Bitcoin Magazine Mihai Alisie and another colleague, Israeli businessman Amir Chetrit, have started working. The office of the Toronto center of Di Iorio was their apparent headquarters, but the team was dispersed around the world. When, in January 2014, they flew to Miami for the North American Bitcoin Conference, it was the first time that some of them met in person. Together with other collaborators, they gathered in an Airbnb beach house, Di Iorio, which he had rented.

Buterin introduced Ethereum to the conference and was assaulted by his speech. The enthusiastic response has put the team in an exuberant state of mind, with some reflection on the purchase of an island in which they could have founded a new company. Di Iorio focused on the potential of the business, imagining a company that would dominate the blockchain age. Many developers, however, were starting to prefer an open source non-profit platform, more similar to Linux than Microsoft Windows.

After Miami, the team registered Ethereum Switzerland GmbH in Zug, Switzerland, a country with relatively permissive laws regarding cryptocurrencies. That summer, Di Iorio flew to Zug to sign documents that would have made him and a few other directors of the new company. He found a group of people he did not expect to see. At the meeting, Hoskinson, who had been appointed CEO, was fired. Even Chetrit left. & # 39; & # 39; We were totally blind, "says Di Iorio. & # 39; It was like a coup d'etat. The next day, Buterin, who as a creator of the project could solve the situation of decision-making deadlock, informed everyone that Ethereum would be transferred to a non-profit foundation. He later told an economic magazine that making Ethereum a for-profit company was against the ethos of a community without a central authority concerned. (Both Buterin and Ethereum refused to provide further details).

Di Iorio maintained his position as co-founder, but he was furious. "I had not abandoned all my other initiatives to create a non-profit organization," he says. "I felt that Vitalik was going beyond his reach in making this decision, I had my money in this project, which I had not yet completely gotten back." He estimates that he has invested $ 300,000 to $ 400,000 to finance operational and development costs, money he considered a loan. But even with a non-profit structure, Di Iorio would profit. Ethereum had always planned to raise capital through a mass sale, which is like an IPO, but instead of receiving shares in a company, buyers get the digital currency, in this case called ether. Di Iorio obtained a share of the 10% ether quota granted to the approximately 60 members of the contributing team (because he was a founder, he was "substantial", he says), and later he bought more in the market.

The selling price of the July 2014 crowd was set at 2,000 aether for a bitcoin. Ethereum has raised 31,000 bitcoins, worth $ 18.4 million (United States), larger than any initial money supply (ICO) in the world until then. Ethereum quickly became the main focus of cryptographic development, and the value of ether continued to rise nearly 5,000 times, reaching a peak of $ 1,400 (United States) in January, which put the total value of token etheres issued at $ 135.5 billion (United States). All of a sudden, Di Iorio was fabulously rich.

Di Iorio remained with Ethereum, until 2015 but since then has not had any direct involvement. "From that moment on I realized it was not bitcoin or Ethereum," he says. "There are many other currencies and I do not want to tie myself to a technology". Instead, he refocused on Decentral, the company he had founded at the beginning of 2014 and which he fully owns.

With his new credit as co-founder of Ethereum, Di Iorio moved Decentral into consulting, helping the Bay Street institutions to understand the potential of the blockchain. At the beginning of 2016, a consulting meeting with TMX Group turned into a part-time job as chief digital officer, but lasted only eight months. He says that the division focus did not work for him, so he returned to Decentral full time, focused on taking Jaxx to the next level. In 2016, the company had five employees; now there are about 40. & # 39; & # 39; What the browser is for information, the portfolio is to be evaluated, "says Di Iorio, who tends to speak in bites when speaking of Jaxx. & # 39; "Everything we do in Decentral is about the interfaces that connect human and technology – something missing in this space right now. "

The goal seems commendable, but the atmosphere in the office can occasionally be tense. Hoskinson, who remains in regular contact with Di Iorio, describes him as a demanding manager. "If you work with Anthony, you have to be prepared for the conflict, because he comes up against you like a wrecking ball, but when you fight with him, if you're right, he'll come back." Some people thrive on it, some hate it like they do. hell. "

Decentral has seen significant revenue in the past. Addison Cameron-Huff, a lawyer specializing in technology who was the president of Decentral and Di Iorio's right hand, resigned in September after about a year in the role. He wanted to pursue other opportunities, he says, but praises Di Iorio's hard work and dedication.

Di Iorio does not apologize for his management style, confronting a director. "Everyone has their own role, but it's the director he's doing, and since it's my money and my vision, I have the right to do it."

It is the first week of September and Di Iorio is in a hurry. He recently returned from a holiday in a cottage near Algonquin Park that followed a four-day "retreat" at home with his girlfriend. "" We did not talk, no phones, no TV, no electronics, just read and write, "he says." I just slowed down. "He also fasted, just tea and water, but with Jaxx Liberty ready for release in three days, he seems stressed and distracted.

Last year, Di Iorio decided to rebuild Jaxx, which had become one of the 10 best digital portfolios on the market, from scratch. It was a difficult call, remembers Cameron-Huff, but the original software architecture made it unsuitable for the era of Ethereum. The product also picked up bad publicity when the stories spread around $ 400,000 of digital assets stolen from a user's account. If the old Jaxx was like PayPal, providing a unique interface to multiple digital payments, Liberty is more like a Bloomberg terminal: it allows users to send and receive digital assets, manage their portfolios, integrate with different crypto-exchanges and monitor the markets. Di Iorio will not disclose the revenues of the private company, which largely comes from the rates that companies pay to Jaxx to support their platforms, but says that before the crash Jaxx had one million active users on a monthly basis, although now it has less.

Left: DiIorio wears his exclusive pendant with an old Mexican clock, a present from a cryptic billionaire colleague, Brock Pierce, who has long been part of his uniform. On the right: Di Iorio's look is techie and street chic: White Tee, Dark jeans and $ 300 of Acne Studios, which replaces every month.

John Kealey / The Globe and Mail

Despite his haste, he agreed to show his new apartment at the St. Regis. Arrived at the 32nd floor lobby of the residential part of the building, he is annoyed to find that his private elevator fob does not work. Once on the 56th floor, walk quickly through a gleaming new 5,000 square foot apartment of dark wood and white marble. The other, bigger condominium on this floor is also his; will break down the partitions to create a unit, with an elevator leading to the upper floors. Those floors are all still in rough concrete and exposed ducts, which gives the penthouse, with its slender ceiling, a sort of steampunk grandeur. He plans to leave the apartment building empty for a couple of years while he is developing a project. "Every time I think of it, I try to get it out of my mind," she says as she goes around giving instructions to her bodyguard to organize a cleanup of empty plastic cups and bottles of liquor discarded in space. "& # 39; I have the opportunity to make it the largest space in Canada. & # 39;

The ultimate goal of Di Iorio is to make Toronto a technological mecca driven by the blockchain. He says he has poured "many tens of millions" into 30-40 startups – more than 20 in the last 12 months – in a wide range of blockchain sectors: identity, games, loans, real estate. the new blockchain Qtum and VeChain platforms as two that have emerged among the 20 most important encryption projects, although neither is generating substantial revenue. He has a small team that helps veterinary proposals but depends largely on his experience and his gut. & # 39; & # 39; If it's an idea I came across in the first or second year and it did not make sense then, it still is not. & # 39;

One of the challenges facing companies like Decentral is the nature of the boom and cryptographic markets crisis. Towards the end of 2017, investors have accumulated and both the bitcoin and ether have risen to incredible levels. But the bubble burst early and companies that did not opt ​​to exchange some of their dollar chips saw their capital plummet by 70% or more. The value of the ether fell more than 80% from its January high, to about $ 200 (United States). But Di Iorio insists that such flexions can serve a useful purpose. "Eradicate those who are not efficient and have no long-term plans," he says, because his investments typically take the form of loans in exchange for tokens, most of his assets remain tied in the crypt, so his net assets he took a shot – which could explain why he has recently put aside plans for his futuristic new office, but is optimistic: "Easy, easy, down, if he does not come back, I'm still good, I'm not worried at all."

I ask for bodyguards: it has a full-time security detail of seven people. "Being my bank, there are consequences – I'm at risk," he says, but this concern seems in contrast to his public extravagance: Di Iorio gets angry at the idea that his lifestyle is flashy. purchases part of a diversification strategy As for parts, machines and high-tech offices, "it's about user experience, people having fun, I want people to go," Wow, it's unbelievable. "

However, those looking to sell the corporate world on blockchain feel Di Iorio attracts the wrong kind of attention. "It does not help our work with businesses when there is a generous display of money," says an observer, who requested anonymity. "People in Canada are very cautious." Crypto creeps a lot of people. "Matt Spoke, founder of the Toronto-based Aion blockhouse foundation, in which Di Iorio has invested, maintains, however, that high-profile lifestyle serves as a beacon for VCs and banks. He stresses that Angela Strange, the Canadian which recently became a partner of the technological investment force Andreessen Horowitz, speaks of the "Canadian handicap" of insufficient audacity and flare. "In Anthony's mind, he needs to be a figurehead for this movement and has taken it upon himself to develop a public figure: "I'm going to change the world, look at how much money I'm making." This is not unusual behavior in Silicon Valley. "

Di Iorio is polarizing in other ways. It is by far the most eloquent of the founders of Ethereum, but some argue that self-promotion exceeds its contribution. His previous focus on cryptocurrencies also extinguishes those who want to push blockchain into more traditional business applications. "In the local ecosystem there is the cryptographic circle and the blockchain circle, and the two do not interact," says a member of this last community. "" Blockchain people are purists and look down on their promoters. [Di Iorio] it is in the middle ".

However, even the critics of Di Iorio credited him for having accumulated his fortune in the sector. Spoke compares its impact with that of the so-called PayPal Mafia: the founders and employees of the online payment company that has continued to build startups like LinkedIn and Tesla. & # 39; & # 39; Probably you will find it half [Canadian blockchain startups] have some connection with Anthony. "

But these are the very first days – the equivalent of Arpanet in the evolution of the Internet or MS-DOS in the PC era. Come la blockchain viene infine adottata dalle masse, che non capiscono il gergo e non si preoccupano dei protocolli, potrebbero avere poco a che fare con le valute come bitcoin o etere, così come pochi agli albori della posta elettronica potrebbero immaginare Twitter o Uber . Di Iorio ha fatto delle puntate anticipate, ma mentre offre una rapida stretta di mano, indossa i suoi occhiali da sole e viene portato in un grande SUV nero al suo prossimo appuntamento, mi viene in mente un'osservazione fatta da uno dei suoi ex colleghi: '' In questo spazio, la fortuna e l'abilità possono a volte sembrare uguali. "

Come funziona la blockchain?

La tecnologia blockchain consente alle persone di trasferire informazioni e risorse su Internet senza intermediari come banche o società di intermediazione. Il seguente grafico illustra come funziona una transazione blockchain.

È richiesta una transazione (ad esempio, un trasferimento di valuta digitale)

La richiesta viene inviata a una rete peer-to-peer composta da computer, che sono chiamati nodi

La rete di nodi convalida la transazione

La transazione viene quindi combinata con altre transazioni per creare un nuovo blocco di dati archiviato in un libro mastro digitale mediante crittografia

Il nuovo blocco viene aggiunto alla blockchain esistente. Ogni blocco fa riferimento al blocco precedente, creando un record permanente e inalterabile

La transazione è completa

Alexandra Posadzki e

john sopinski / IL GLOBO E LA POSTA

FONTE: pricewaterhousecoopers

Come funziona la blockchain?

La tecnologia blockchain consente alle persone di trasferire informazioni e risorse su Internet senza intermediari come banche o società di intermediazione. Il seguente grafico illustra come funziona una transazione blockchain.

È richiesta una transazione (ad esempio, un trasferimento di valuta digitale)

La richiesta viene inviata a una rete peer-to-peer composta da computer, che sono chiamati nodi

La rete di nodi convalida la transazione

La transazione viene quindi combinata con altre transazioni per creare un nuovo blocco di dati archiviato in un libro mastro digitale mediante crittografia

Il nuovo blocco viene aggiunto alla blockchain esistente. Ogni blocco fa riferimento al blocco precedente, creando un record permanente e inalterabile

La transazione è completa

Alexandra Posadzki e

john sopinski / IL GLOBO E LA POSTA

FONTE: pricewaterhousecoopers

Come funziona la blockchain?

La tecnologia blockchain consente alle persone di trasferire informazioni e risorse su Internet senza intermediari come banche o società di intermediazione. Il seguente grafico illustra come funziona una transazione blockchain.

È richiesta una transazione (ad esempio, un trasferimento di valuta digitale)

La richiesta viene inviata a una rete peer-to-peer composta da computer, che sono chiamati nodi

La rete di nodi convalida la transazione

La transazione viene quindi combinata con altre transazioni per creare un nuovo blocco di dati archiviato in un libro mastro digitale mediante crittografia

Il nuovo blocco viene aggiunto alla blockchain esistente. Ogni blocco fa riferimento al blocco precedente, creando un record permanente e inalterabile

Alexandra Posadzki e

john sopinski / IL GLOBO E LA POSTA

FONTE: pricewaterhousecoopers

La transazione è completa

Altri tre usi per blockchain

Rendere liquidi i beni duri

Trasformare la proprietà di beni in token, come le azioni di un'azienda, li rende più facili da vendere a pezzi. Supponi di investire $ 1 milione in uno sviluppo alberghiero o in un'opera d'arte. In genere, non è possibile incassare fino a quando non c'è una vendita. Nel mondo blockchain, tu e altri investitori potete scambiare token che rappresentano quote di proprietà in tali beni.

Tracciamento delle spedizioni

Tra il momento in cui una nave carica di merci lascia un porto e le merci arrivano nelle mani dell'utente, sono coinvolte decine di parti. Possono essere introdotte discrepanze involontarie o dati falsi a scopi nefandi. To address this, Maersk Line is building a platform that will provide those involved with a secure exchange of supply-chain data and paperwork.

Controlling your digital footprint

By allowing individuals to “own” their digital lives—the record of their preferences, friends, web searches—blockchain could threaten modern technology cartels such as Facebook that rely on that data for their revenue, while helping address the rising worries about privacy.

This story appears in the December 2018 issue of Report on Business magazine

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