johnnynomics

It depends on the organization, what they do with their data, and what value they place on it - so the answer varies. We've done some back of the napkin calculations this morning and at today's prices it would cost approx $1,000 to store 1MB on the Bitcoin blockchain. That's a LOT, but depending on what you want do with your data, it could be priceless. One benefit is that once that data has been encoded its available for the life of the chain at no extra cost, eliminating hosting overhead. You also get the added benefits of increased transparency, automated auditing, reduction in human error, etc.

Blockchains aren't out to replace databases, but there's a few organisations that could use them for certain use cases. Any processes where you're looking to increase the transparency of your data, or perhaps increase its security, or to try and lower the costs of data reconciliation could all benefit from using a blockchain as its underlying storage engine.

We actually had this very course recorded in both London and Amsterdam. We'll be sharing the videos on http://blockstrap.com when we've finished editing.

Hey everyone, Johnny from Blockstrap here. I tweet from @johnnynomics.

This course was presented as a free series of workshops we did around Europe this summer - you can read more about it here - http://blockstrap.com/en/blog/onboarding-europe/.

These slides make a lot more sense when we talk you through them - we're currently editing the video and will be sharing it on Blockstrap when finished. There's only so much structured learning we could fit in a day, so we thought this presentation was a good starting point for those new to Bitcoin and the underlying tech.

If you're interested in building blockchain applications come check out our stack at http://blockstrap.com. We have an API, framework, and several open source starting points. We welcome contributions from the community and we're very open to alternatives to SlideShare.