BLUF
From trading cryptocurrencies to purchasing art in the form of non-fungible tokens (NFTs), blockchain applications are booming—and a University of NSW (UNSW) cybersecurity expert is predicting where things will go from here.Summary
This article by Cecilia Duong, writing for UNSW Newsroom, makes the following points:
- One of blockchain’s greatest strengths is its ability to store information electronically in a way that is virtually impossible to hack, while also giving a public record of transactions.
- There has been a rise in the popularity of blockchain—NFTs in particular—because everyday people who have little or no computer expertise can still access blockchain through trading tokens or cryptocurrencies.
- Professor Salil Kanhere, from UNSW School of Computing Science and Engineering, predicts that the next boom will be in ‘virtual’ property in the Metaverse.
- Prof. Kanhere says there’s also going to be a surge in NFT avatars, fuelled by people’s obsession with collectables and individuality.
References
Recent Runway Posts related to this topic:
- How NFTs are building the internet of the future | The Runway (airforce.gov.au)
- Blockchain, the amazing solution for almost nothing | The Runway (airforce.gov.au)
References from the Web:
- DEC 2021 Know your cryptocurrency lingo—Crypto coins and tokens are not the same thing
- FEB 2022 What Is Blockchain?—Forbes
Source: University of NSW (UNSW)
- Link to Source: University of NSW (UNSW)
- Media Check: UNSW Newsroom homepage
- RAAF RUNWAY: RATIONALE, GUIDELINES, LEARNING OUTCOMES, ETC |
