RENO, Nev. (News 4 & Fox 11) -- For the first time in Nevada tech giants, investors, policy makers and thought leaders in the blockchain world are meeting to determine the next steps in creating a blockchain-friendly state in the "Building the New Nevada on Trust Conference." The conference focuses bringing together key stakeholders to establish a braintrust in the Silver State to hone in on security and transparency in government, policy and tech startups, and to learn about and discuss the potential of this new and innovative technology.
Participants will get the opportunity to discuss how the ecosystem in Nevada can ensure blockchain tech leads to benefits for the end-user, not just a redistribution of profits. The hands-on conference will also introduce legislators and agency reps to the information and tools they'll need to: a.) identify areas where Blockchain is helpful to achieving government mission and b.) pull together key stakeholders to evaluate and develop pilot projects for integration of blockchain into sectors that will undoubtedly be affected by this transformative technology.
Blockchain is neither a product nor a system - instead it's a concept. It's the technology that allows bitcoin and other forms of cryptocurrency to exist on a decentralized basis without the need for banks or governments to get involved. A peer-to-peer network of computers is responsible for both keeping a record of the public ledger and verifying individual transactions against it. Because all of those computers continually talk to each other and validate the ledger, it’s impossible for one individual actor to go back and edit the ledger on their own.
Blockchain technology can also be used to execute smart contracts, which essentially automatically enforce the terms of a regular contract by using cryptographic code. The contract can automatically execute itself on a certain date or after certain independently verifiable terms and conditions are met.
For a full explanation of the technology, watch the story below:
Approximately 200 attendees will be at the conference, including speakers from Deloitte, Oracle, Alta Group, Digital Currency group and Filament, in addition to Senator Ben Kieckhefer, GOED’s Paul Anderson, Mayor Schieve, City Council members, state administrators, and startup founders.
The conference is invite-only, and it's scheduled for Tuesday, February 6, 2018 from 11:30 a.m. to 7:30 p.m. at the Nevada Museum of Art at 160 W. Liberty St., Reno, NV 89501.