E:Salon: What's all the Hype Around Blockchain About?

23 February 2021

Blockchain has been making big waves. It’s the word on everyone’s lips… but why is there so much hype surrounding it?

Hosted by the Manchester Legal Hackers, Legal Engineer Jay Smith, and Head of Blockchain Will Foulkes joined this informative talk to break down blockchain, and explain why it’s the one to watch. Joined by Adi Ben-Ari, Founder and CEO of Applied Blockchain, and Andy Gray, Co-Founder of KnownOrigin Labs and BlockRocket.Tech, this talk provided an expert overview on the world of blockchain.  

The webinar began with each panelist introducing themselves, and taking some time to describe their important work in the field. From here, Abigal Holt opened the talk up to a Q&A.

The following questions were answered:

– Can you explain what blockchain is all about in three sentences? 9.16

– The primary value of blockchain is the fact it’s so secure. However, there must be potential breaches in blockchain, can you describe how potential breaches are dealt with? 10.56

– What do you see as the most interesting and evolving trends in distributed ledger technology? 16.53

– Fungible, non fungible… what does it mean? 21.59

– Some people say that the blockchain revolution hasn’t happened yet, and most of the existing blockchain applications can be achieved through normal cloud based applications. What do you say to that? 23.59

– What does the internet of things mean? 29.58

– Could you give us examples of existing blockchain projects, including some you’ve worked on? 32.10

– Who do I go to to design a system in regards blockchain? 36.14

– Adoption of technology often lags the creation of the technology. Legal regulation can often lag behind that! One of the challenges for blockchain is that it will be dotted all over the world, which brings into question legal jurisdictions. What are your thoughts on the regulation of blockchain and how that can be done practically? 41.16

– Can you explain what mining is? Why does it use so much electricity, and why does it pose a risk to climate change? 45.35

– Can you explain the practical differences and challenges proposed by proof of work versus proof of stake? 49.48

– When governments start accepting crypto as payment for taxes, that will be a tipping. How close do you think we are to this? 51.27

– How do see the system being regulated, or do you think it will it regulate itself? 58.55

–  Can the regulation keep up with the technology? 1.01.31

Find Will on LinkedIn

Find Jay on LinkedIn

Find Adi on LinkedIn

Find Andy on LinkedIn

Find Abigail on LinkedIn

This webinar was hosted by the Manchester Legal Hackers. Manchester Legal Hackers are a collaborative community of individuals passionate about creative problem solving, alongside diving deep into modern developments in law and technology.

PLEASE NOTE – The above webinar took place on Thursday 18th February at 06:00pm GMT. Updates may have been introduced after this webinar was recorded. If you have any questions please contact