The Blockchain and Magic Internet Money - From Bitcoin to non-fungible tokens
Speaker: Aaron Traffas, CAI, ATS, CES
It’s all over the news, but it can be hard for anyone without a working propeller cap to understand. What is a blockchain and how can it allow us to prove we own something on the internet? How does the ability to digitally prove ownership create a whole new world of valuables that can be bought and sold like physical things in the real world? This discussion will use plain language and analogies to make sure you can recognize the new opportunities available to you in the auction industry.
Upon completing this session, you will be able to:
- Define what a blockchain is
- Identify the different types of cryptocurrencies
- Describe how we can now prove ownership of non-tangible things
- Determine if trading non-fungible tokens can be a promising business for auctioneers