The block chain offers the most significant records and identity authentication technology available in more than 5,000 years, and government should take the lead in adopting it. That’s the message that Brian Forde, director of the MIT Media Lab’s Digital Currency Initiative, delivered in a recent presentation to a group of government information managers. The Huffington Post posted the presentation, in which Forde explained one of the missions of the recently-formed MIT Media Lab’s Digital Currency Initiative.
Forde, whose presentation was titled, “Blockchain As The Next Platform,” said the block chain is the first real tool to replace “rubber stamp authentication protocol,” meaning paper records.
He wants to work with governments and non-profit organizations to achieve a platform he calls “Open Data 2.0.”
Block Chain: A New Authentication Protocol
“What gets me really excited about it is how this could replace authentication protocol that we’ve been using for more than 5,000 years,” he said. Currency, whether paper- or wood-based, is just a stamp, he said. Under the current system, money and valuable records are routinely stolen.
All because we have a global dependence on an ink-based stamp.