Block Mirror Season 1

Episode 1 — Entering the City

The popular TV show, Black Mirror, explores the role of technology in dystopian futures.

You may have seen the famous Prime Minister and the pig opening episode, or the brilliantly acted episode with Hayley Atwell and Domhnall Gleeson where Atwell’s character uses Gleeson’s online identity to bring her love back to life in the form of a realistic android.

Whether you’ve watched the show or not, each Black Mirror episode has a different cast and story and it really gets you thinking: what role will technology play in our lives?

Something they’re yet to explore, however, is potentially the most powerful and impactful new technology of all, Blockchain. A technology that many believe has the greatest potential for positive change since the internet. A technology that has the power to create a ‘trustless’ society where all data is incorruptible.

Nonetheless, in reality, Blockchain is far from being a silver bullet. It is an immature technology that’s growing fast. At Blockchain Reply, we believe it’s just one step forward in helping solve some of humanity’s problems. Problems like opening up banking services to the impoverished, helping in the fight for equality, and building a true peer to peer society.

That’s why we’re going to explore this nascent technology here. This is the first article in a five-part series we’re calling ‘Block Mirror,’ exploring Blockchain’s role in the city of tomorrow. Just like the TV show, we’ll explore something different in each episode, except we’ll keep the same cast.

By the end of the series, you’ll understand how Blockchain could revolutionise borders, how it could let shoppers see the entire product supply chain while they’re in the supermarket, and how money could be borderless, instant, and free from fraud.

Even more remarkable than that, you’ll discover how Blockchain could enable the world’s largest health database to help eradicate disease and life extinction events.

We’re going to do our best to give you a realistic look at the Blockchain’s potential. Our goal is to explore what could happen, in a sensible manner.

We’ll do so looking through the eyes of four friends in a future London. Blockchain technology has matured, and though some things stay the same, much has changed. Before we see exactly how it’s changed, however, it’s best if you know what Blockchain is, and why people believe it’s so powerful.

What is Blockchain?

Blockchain as a technology is a new way of storing, exchanging and securing digital data. What’s exciting about it is that it’s transparent, immutable and trustworthy.

With Blockchain, financial transactions, democracy, and identity could become much safer. This might be the first pillar toward a trustless society. As trust is a keystone of democracy and trade, two of the great ideas that built the West and improved the lives of billions of people. But Blockchain takes this one step further and has the potential to remove the need of trust itself; in politics, in finance, and beyond, for everybody on earth — no pressure there then, baby Blockchain.

So what is Blockchain? A Blockchain is simply a chain of data blocks. Each block is like a page in a ledger. What makes this special is that Blockchain uses Distributed Ledger Technology (DLT). This means no one central person or organisation owns the data. With a normal ledger, someone could steal or alter your information. But with DLT, the world is watching. Your ledger is distributed across the world.

Now, no one can see what’s inside the ledger unless you authorize it, but thanks to the underlying technology, they can also see that your ledger is real, it’s yours without disclosing the details of what’s inside. In addition, no-one can tamper with, delete or compromise your information.

Imagine a world where there is undeniable proof for every transaction. Your vote is counted, so governments can’t fix elections, tax evasion is impossible, and identity theft is a thing of the past. The fact that no one person or organisation can control the system makes it fair for everyone.

In the next article, we’ll explore what could happen if, in the coming decades, 90% of the developed world becomes enveloped in Nationalism and the first world closes its borders. A global financial crash causes the USD to collapse, and Nationalism has only made matters worse. During this time, climate change has forced vast movements of populations from the coastal regions and the world faces a mass migration problem as borders are reopened. It’s now a more open world, but one that bears the scars of a very dark period.

The world of finance and work has changed, and crypto lawyers are the new rockstars.

You can read the next article here

Until next time,
Tommy Jamet & Gautier Hartzer

Reply Blockchain Solutions


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