The mysterious and trendy concept du jour otherwise known as blockchain was front and center during an extended breakout session Tuesday at the Global Privacy Summit. Skadden Partner Stuart Levi and Filament CEO Allison Clift-Jennings expounded on this paradigm-shifting concept to a packed room during the session, "How Blockchain Will Transform Privacy and Identity." Levi, who took the first portion of the session to lay out some of the basics of the blockchain concept to the uninitiated, likened blockchain's potential effects to that of the internet. "It's a new paradigm," he said. "Think about trying to explain Uber, Lyft, Amazon, and Facebook to someone before the internet was invented." Clift-Jennings, whose startup Filament facilitates internet-of-things communications built on blockchain, laid out some of the limits to first-generation blockchains, like bitcoin, but outlined a slew of alternative next-generation consensus algorithms that hold a lot of promise for future use and developments.
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