Sachi and I often find ourselves discussing what is in "the zeitgeist", meaning subjects that are becoming more popular and representing a particular period of history. Early in our video careers, we created videos about Twitter and Wikis because they were in the zeitgeist at the time.
Today, there are few subjects in the technology world more in the zeitgeist than the idea of blockchain and how it enables Bitcoin, among many other ideas, to work. The problem, as with most subjects in the zeitgeist, is that new, transformational ideas are often difficult to understand. This is certainly the case with blockchain.
We produced a video called Blockchain Explained by Common Craft that's available in our video library and designed for use in classrooms, training, etc. Now that blockchain is becoming a more popular idea, we've decided to publish the blockchain video so it may reach many more people. You can now find and share the video on YouTube and Facebook. I've embedded the YouTube video below:
Every once in a while, we come upon a subject that is both extremely complicated and potentially transformational. We treat these subjects with care and work hard to capture the big, fundamental ideas that create a foundation for learning more in the future.
Today, that subject is Blockchain, which is the backbone of the digital currency Bitcoin and a concept that could be used more widely in the future.
The video below uses an analogy to show why blockchain may represent a better way for a small village to manage ownership of village property.
This video provides a big picture look at why blockchain matters. Using the story of a village, it explains how villagers, who had a centralized authority for ownership, discover a new, decentralized way to manage ownership of village property. It teaches:
How central authorities (banks, government) currently account for changes in ownership
Why a fundamentally new accounting system is now possible using the internet
How blockchain works to create a decentralized system that users manage
Why this new system is considered safe, secure and transparent