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Unlocking the potential of Blockchain Technology

The Marshall Islands is seeking to become the first country to issue a national digital currency. The new currency will be based on blockchain technology developed by MIT professor Silvio Micali. Officials hope the move will help citizens avoid high transaction fees and protect against inflation.

Micali put off learning about blockchains for years after the creation of Bitcoin in 2008. In 2017, Micali started from scratch to build a better version of the technology. He credits MIT's ecosystem with helping him start Algorand, his new company.

Algorand is a decentralized, secure, and decentralized cryptocurrency. The company has created smart contracts that can self-execute based on predefined conditions in their code. Algorand's community has also built a marketplace for small purchases of gold and investments in startups

@USFCX Community Center

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