Tartle Best Data Marketplace
Tartle Best Data Marketplace
Tartle Best Data Marketplace
Tartle Best Data Marketplace
June 24, 2021

Trusting the Trustless with Blockchain Technology

Trusting the Trustless with Blockchain Technology
BY: TARTLE

Blockchain’s Potential

Blockchain is a common topic here in the land of TARTLE. Why might that be? Because blockchain is a technology that allows people to take control of their own finances and their own information independently of any outside organization. That means if you don’t trust a given country, bank, or company with something, you can secure it with blockchain. It allows people to track anything with the appropriate code anywhere it goes in the world. If you want to know more about it, we’ve done a few posts on the subject in the past. It should at least be enough to point you in the right direction. Today, rather than going over the mechanics of blockchain, we want to talk about the potential it has to help solve some significant issues. 

First up is oil. As it turns out, there are billions of dollars of oil stolen every single year. Just one country in Africa $8 billion of oil was reported stolen. Imagine that, $8 billion gone from just one country. What sort of impact does that have on the global economy? A company could include a QR code on the storage units to track that oil through a blockchain system, making it a much harder sell once it’s stolen. At the very least, the thieves would have to transfer it to another container. However, even doing that would be a red flag as there would be no origin reported in the blockchain code. Or, combine elements of biotech and find a way to include an organic equivalent of a QR code embedded in the oil itself. It would be like marking hundred dollar bills with traceable dye. Similar things could also be done with diamond mining. Yes, these obviously are instances of blockchain working for a company. We never said they couldn’t use the technology, just that the thing we really liked about it was that it is just as open to individuals as it is to companies and countries. 

Speaking of countries, what about voting? What if blockchain could provide a secure means of electronic voting? The secure and virtually unfalsifiable nature of the records, backed up worldwide should make blockchain an attractive option for electronic voting that is secure and easily accessible. So far, no nation has taken advantage of this option but TARTLE will definitely be watching closely when someone finally pulls the trigger.

Individually, people who live in more oppressive countries can use blockchain and crypto currency to circumvent the corrupt system there. That ability is even helpful in regard to a perfectly honest banking system. Even a completely trustworthy and above board bank can be held hostage by blackhat hackers that infiltrate the bank’s servers. Securing records with a blockchain system helps prevent title and identity theft by attaching a code that tracks these things from their origin to wherever they go, with records that are duplicated all around the world in those convenient little nodes. 

Blockchain is one of the most interesting and promising technologies developed in the new millennium. It provides a high degree of accessibility and security while allowing people to break away and decentralize power from corrupt systems. Sadly, it hasn’t caught on nearly as much as it should have. There are massive gaps in the education available to help people understand and how to access the technology. 

TARTLE is trying to bridge that gap by providing a system that anyone can sign up for and use. By using our data marketplace users can acquaint themselves with some of the mechanics that govern the worlds of blockchain and cryptocurrency. In time, that knowledge will grow and spread into a movement that increases the mobility and freedom of people around the world. 

What’s your data worth?

Summary
Trusting the Trustless with Blockchain Technology
Title
Trusting the Trustless with Blockchain Technology
Description

lockchain is a technology that allows people to take control of their own finances and their own information independently of any outside organization.

Feature Image Credit: Envato Elements
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For those who are hard of hearing – the episode transcript can be read below:

TRANSCRIPT

Speaker 1 (00:07):

Welcome to TARTLE Cast, with your hosts, Alexander McCaig and Jason Rigby. Where humanity steps into the future and source data defines the path.

Jason Rigby (00:24):

Alexander McCaig.

Alexander McCaig (00:25):

Jason Rigby.

Jason Rigby (00:26):

I thought I'd mix it up. So Blockchain and aliens. Bam. We just got a thousand views.

Alexander McCaig (00:34):

We just went viral. We just went viral. Are extraterrestrials using Blockchain? Find out today on TARTLE Cast.

Jason Rigby (00:42):

They're using QAnon with Blockchain.

Alexander McCaig (00:44):

I knew someone... I knew they were into that.

Jason Rigby (00:47):

Yeah, no, it's those eyes. It's always the eyes.

Alexander McCaig (00:52):

Big dark eyes.

Jason Rigby (00:53):

Beady...

Alexander McCaig (00:54):

The eyes are staring at me. No, I can't... they're looking right through me. I can't see the pupils... it's all black.

Jason Rigby (00:58):

Yeah, let's don't get into alien abductions.

Alexander McCaig (01:00):

Yeah.

Jason Rigby (01:00):

And then consciousness and dream state.

Alexander McCaig (01:03):

A Dulce Base and altered states of consciousness.

Jason Rigby (01:08):

Okay. Blockchain trends in 2021. We've talked about Blockchain. So we're not going to... if you want to know what Blockchain is, we have an episode called, "What is Blockchain?"

Alexander McCaig (01:16):

You go back to those episodes. It's right there in your... I don't know, YouTube playlist or on any of the podcast streams that we're on.

Jason Rigby (01:25):

But we know COVID 49, because this is the year 2043. No, COVID-19, this pandemic has transformed the way we live.

Alexander McCaig (01:32):

Yeah, most definitely.

Jason Rigby (01:33):

And the way we interact, the way we work, the way we, as humans across this globe, make decisions. So whenever we look at our day-to-day activities and we look at all of them, pretty much, at least 80% are probably happening online or influenced by this digital world that we... this new reality that we live in and it's affected by all sectors. So when we look at fostering and maintaining trust, between parties and that's kind of what I want to focus on this episode is, this ability to... your company A, I'm company B, I want to make a transaction with you, and so now with trust with Blockchain, I have the ability to have this negotiation and this deal happen.

Alexander McCaig (02:18):

Blockchain is a publicly supported ledger, across the globe. The whole point of this is that if I don't trust my government, if I don't trust the business, if I don't trust some sort of third party, or if I don't trust the middleman...

Jason Rigby (02:35):

Right.

Alexander McCaig (02:35):

I don't need to have them. So for the big part of this is why this is going to make pretty dramatic changes in areas that might be dictatorial or developing.

Jason Rigby (02:48):

Yes.

Alexander McCaig (02:48):

Or have very nationalistic leaders that try to nationalize resources. A lot that... it's crippling the economy and having Blockchain will actually decrease a lot of that risk...

Jason Rigby (03:01):

Yes.

Alexander McCaig (03:01):

Because I don't have to trust anybody. The whole globe is supporting this ledger. I know for a fact that it did happen. So when you have a decrease in essentially counterfeit transactions, it decreases the risk profile and also removes that high barrier to entry or those really high costs for people to start to adopt certain products, even credit products for that reason.

Jason Rigby (03:27):

Yes.

Alexander McCaig (03:27):

So when otherwise you'd find countries that might be redlined from getting into this stuff because the cost is too high.

Jason Rigby (03:35):

Right.

Alexander McCaig (03:35):

The playing field becomes leveled at that point with Blockchain. So it's... I don't really have to trust anybody. It's supported by everyone across the globe. And with that, it allows everybody to enter into it and we can all transact without me having to be, "Do I really trust the government?" "Do I really trust this business?"

Jason Rigby (03:50):

Yeah, I think it'd be really interesting. Let's do this on while we're online right now, the costs, how much oil is stole in Africa every year? The cost of theft?

Alexander McCaig (04:01):

What about diamonds? De Beers probably is...

Jason Rigby (04:03):

Because I saw a research study the other day and I think it was like $8 billion of oil stolen.

Alexander McCaig (04:09):

That's a huge... that's a lot of oil.

Jason Rigby (04:10):

In one country in Africa.

Alexander McCaig (04:12):

Yeah.

Jason Rigby (04:12):

I mean, I would maybe...

Alexander McCaig (04:14):

Imagine if you... listen, all right, then we'll just... we'll pull... in the logistics and supply chain for oil.

Jason Rigby (04:19):

Right.

Alexander McCaig (04:19):

If you put a QR code on that thing that was tracking the provenance...

Jason Rigby (04:23):

Yeah.

Alexander McCaig (04:24):

Of that oil, where it came from and who's touched it, that would disappear.

Jason Rigby (04:29):

Well, I mean, you could have it on each of the meters, the flow meters. You could have it...

Alexander McCaig (04:31):

Yeah.

Jason Rigby (04:31):

On the vehicles, when the oil is transported to. I mean, the list goes on and on. You could put Blockchain in. And so every... even if this is a fluid, everywhere where this fluid moves, I mean, it could be trackable.

Alexander McCaig (04:45):

It can be tracked and then verified.

Jason Rigby (04:47):

Yes.

Alexander McCaig (04:47):

Without the need of a third-party coming in? I'm wondering is this third-party being legit? Or maybe this guy's getting paid under the table...

Jason Rigby (04:53):

Yes.

Alexander McCaig (04:53):

To shell off 8 billion barrels of oil.

Jason Rigby (04:55):

Yeah.

Alexander McCaig (04:55):

So people can lubricate their cars and get across the Congo.

Jason Rigby (04:58):

Yeah, exactly. The Sahara Desert.

Alexander McCaig (05:01):

The Sahara Desert. It's dry out there. You need a lot of oil.

Jason Rigby (05:03):

Yeah. So, they already said in Southeast Asia countries, businesses are feeling optimistic. Up to 45% of companies.

Alexander McCaig (05:09):

I'm glad they're feeling optimistic...

Jason Rigby (05:09):

In Southeast Asia. Yeah. Say that three to five years, they believe that they'll be able to use Blockchain.

Alexander McCaig (05:15):

What do you mean, in three to five years? The technology has been out since 2009.

Jason Rigby (05:18):

I know. Yeah.

Alexander McCaig (05:19):

What are you dragging your feet for, to use something that makes total sense?

Jason Rigby (05:23):

I've never understood the adoption. There was a signing of the Regional Comprehensive Economic Partnership among 15 Asia Pacific countries. And this is the world's largest trade deal. The agreement reflects the region's commitment to an all-inclusive cross-border trading system, where transparent of information is vital. Doesn't that sound amazing? No borders. It's inclusive. It's... we're going to trade. And the whole idea is to be transferred... is to have transparency and information.

Alexander McCaig (05:52):

That sounds awesome.

Jason Rigby (05:53):

Yeah. There's still, I mean...

Alexander McCaig (05:54):

Can we sign...

Jason Rigby (05:54):

We have to...

Alexander McCaig (05:55):

Can we sign on this?

Jason Rigby (05:56):

Yeah, that's exactly...

Alexander McCaig (05:57):

Can it be TARTLE in these 15 countries signing on the line?

Jason Rigby (06:00):

Yeah. So Blockchain powered international trade and financial service platform.

Alexander McCaig (06:03):

Yeah.

Jason Rigby (06:04):

Was launched. And so now this facilitates international trade by generating a smart contract, once a buyer and seller upload a trading order on the platform. So super easy.

Alexander McCaig (06:13):

Yeah.

Jason Rigby (06:13):

Done. TARTLE's this.

Alexander McCaig (06:15):

Publicly supported, transparent, unifies people, decreased risk. Why wouldn't you use it?

Jason Rigby (06:21):

Yeah.

Alexander McCaig (06:21):

And it's been out since 2009. And if you think it's valuable, look at how it's done for currencies. Look at the value of Bitcoin.

Jason Rigby (06:28):

Yes, exactly. Yeah.

Alexander McCaig (06:29):

Wake up. Smell the coffee.

Jason Rigby (06:31):

Yeah. Speaking of that, shout out to.

Alexander McCaig (06:33):

Honduran.

Jason Rigby (06:34):

Yeah. Coffee from Michael Thomas Coffee here.

Alexander McCaig (06:37):

Coffee roasters. Yeah. If you guys want some good coffee, these people fly all over the world to source the most ethically grown coffee, at the highest quality you could possibly get. Michael Thomas Coffee Roasters.

Jason Rigby (06:48):

Yeah. You can buy it online, but we have it. Fortunately, we walk across the street and get it.

Alexander McCaig (06:53):

Yeah.

Jason Rigby (06:53):

That's the beautiful part...

Alexander McCaig (06:54):

It's wonderful.

Jason Rigby (06:54):

We had a meeting earlier today on it. But this is what I want people to understand. A quality Blockchain ecosystem, built on partnerships, that have this ability to regulate, because I think Blockchain can regulate...

Alexander McCaig (07:10):

It self-regulates.

Jason Rigby (07:11):

In an altruistic way. You know what I mean? It's not...

Alexander McCaig (07:15):

It's self-regulating.

Jason Rigby (07:16):

Yes.

Alexander McCaig (07:16):

Here's the thing. Blockchain, if you really wanted to go out on a limb, makes governments obsolete.

Jason Rigby (07:27):

Say that again, Alex.

Alexander McCaig (07:29):

Blockchain, if I want to go out on a limb, can make governments obsolete.

Jason Rigby (07:33):

Because when you centralized to the point of ultimate trust, why do you need government?

Alexander McCaig (07:37):

Yeah. And it's in the power of the hands of the people to support the entire thing. Then why do you need a representative to speak for you? Bye.

Jason Rigby (07:44):

Well, I mean, we...

Alexander McCaig (07:45):

Bye.

Jason Rigby (07:46):

We've seen that... we went from red to yellow... this chart. So now we can have 25% occupancy in restaurants and stuff like that. And you look at it and it's... one person, with a group of people helping her, but one governor's making these decisions.

Alexander McCaig (08:00):

Why couldn't the collective come together on.

Jason Rigby (08:01):

Yeah. Why couldn't the collective come together through Blockchain and then that vote be put out there?

Alexander McCaig (08:06):

Shout out...

Jason Rigby (08:07):

The people are willing to take the risk?

Alexander McCaig (08:08):

Yeah.

Jason Rigby (08:09):

Why can't the people take the risk?

Alexander McCaig (08:10):

It's their risk. It's their loss.

Jason Rigby (08:11):

Or maybe they're not.

Alexander McCaig (08:12):

Yeah, they don't want to.

Jason Rigby (08:13):

And then we agree with the collective and say, "Oh, okay. I get that."

Alexander McCaig (08:15):

Shout out to our spiritual friends out there, with the ideas of collective consciousness. Okay.

Jason Rigby (08:20):

Yeah, I see them.

Alexander McCaig (08:21):

Oh, and also Stanford Research Institute... oh, and Princeton. I can think of all the other people that are looking into the power of collective consciousness. That's just Blockchain... it's just a digitized form of that same thing. It's all the people coming together, interacting and a collective thought. And it's all, self-supporting.

Jason Rigby (08:38):

Why the hell are we not voting with Blockchain? I still have not figured that out.

Alexander McCaig (08:41):

I don't know.

Jason Rigby (08:41):

That shows you that the system's corrupt.

Alexander McCaig (08:43):

Well, I know.

Jason Rigby (08:43):

Wherever it's at.

Alexander McCaig (08:44):

Yeah.

Jason Rigby (08:44):

Who does Blockchain voting? I would be curious.

Alexander McCaig (08:46):

We're going to do it on TARTLE.

Jason Rigby (08:47):

Yeah. Oh yeah. We do it.

Alexander McCaig (08:48):

Heretofore, it's going to start right here on our system. All future political voting will go through TARTLE.

Jason Rigby (08:53):

There we go. So if you want to sign up and help save humanity, the big seven, if you.

Alexander McCaig (09:02):

Save yourself from the apocalypse.

Jason Rigby (09:03):

Oh yeah, save yourself from the 50 to 70 years that's happening.

Alexander McCaig (09:05):

Yeah.

Jason Rigby (09:05):

Maybe you love corporate and government transparency and that, and you would love to donate towards that. Donate your data. Literally. What are you doing right now with your data? Nothing.

Alexander McCaig (09:14):

Nothing.

Jason Rigby (09:14):

You're just letting people...

Alexander McCaig (09:15):

You're not getting paid from it.

Jason Rigby (09:16):

Right.

Alexander McCaig (09:17):

You're not taking control over it. You're letting people use it against you. Do those things sound good to you?

Jason Rigby (09:22):

No.

Alexander McCaig (09:22):

Doesn't sound good to me. And so what if you recouped all those things back to you, and then you said, "You know what? I want to donate some of those earnings back towards a cause I care about."

Jason Rigby (09:31):

Right.

Alexander McCaig (09:31):

Maybe the collective consciousness cause, or maybe a cause towards the study of psychedelics and consciousness research...

Jason Rigby (09:38):

Yes.

Alexander McCaig (09:38):

Or anything. I don't care what it is.

Jason Rigby (09:40):

Right.

Alexander McCaig (09:40):

Saving elephants in...

Jason Rigby (09:43):

Zimbabwe.

Alexander McCaig (09:44):

Are there elephants in Zimbabwe?

Jason Rigby (09:46):

I know there's elephants...

Alexander McCaig (09:47):

Or maybe saving the chimpanzee..

Jason Rigby (09:47):

No, where's the big area that everybody goes to? It's over by that big lake.

Alexander McCaig (09:52):

Isn't that by Tanzania?

Jason Rigby (09:54):

Yeah. Yeah. I think it is. Yeah.

Alexander McCaig (09:55):

The Serengeti.

Jason Rigby (09:56):

Yeah.

Alexander McCaig (09:56):

You want to save stuff in the Serengeti or chimpanzees in Gambia.

Jason Rigby (10:00):

Yeah.

Alexander McCaig (10:00):

Okay. It doesn't matter. Okay.

Jason Rigby (10:03):

Build schools.

Alexander McCaig (10:04):

There are so many great benefits to you taking back control of your data and then helping share that data for the collective...

Jason Rigby (10:10):

Yes, yes.

Alexander McCaig (10:10):

Cause to save humanity, save yourselves and donate those earnings towards things that will truly uplift the world and not just put money in the hands of the robber barons.

Jason Rigby (10:19):

Let's do this, Alex.

Alexander McCaig (10:20):

Let's get it done.

Speaker 1 (10:28):

Thank you for listening to TARTLE Cast with your hosts, Alexander McCaig and Jason Rigby. Where humanity steps into the future and the source data defines the path. What's your data worth?