Introduction to Ethereum and smart contracts


BlackRock hosted a Meetup event for the NYC Ethereum Enthusiasts group. Ethereum cofounder Joseph Lubin started the event with a brief introduction on Ethereum’s history and its current status, followed by explanation of its five components: blockchain, cryptographic token, peer-to-peer-network, the consensus formation algorithm, and the virtual machine. The second speaker, his son Kieran, chief product officer of BlockApp, gave a demo on how to actually set up a smart contract using a tool called Bloc. Finally, the event concluded with another demo by ConsenSys team member James Slazas, a former derivatives trader who showed the startup’s vision for a Total Return Swap using the blockchain, including collateral selection, exchange and settlement in less than four minutes. More on technology at BlackRock @ Follow our tech twitter: Join the conversation! Twitter: Facebook: Periscope: LinkedIn: