In a world where data is the new oil, access to this data is still almost impossible for the people who need it the most. The Bitcoin blockchain changes this, giving users a single source of verifiable and immutable truth. This is a game-changer for startups seeking to leverage this data, says Nicolas Wellinger, the founder of startup consulting firm Aliigon.
Wellinger attended Dr. Craig Wright’s The Bitcoin Masterclasses in Zurich, where the Bitcoin creator delved into accounting, Bitcoin smart contracts, AI, nLocktime, and more.
Dr. Wright’s Masterclasses were comprehensive but not too technical, allowing even those without a programming background to understand Bitcoin better, Wellinger told CoinGeek Backstage reporter Becky Liggero on the sidelines of the event.
The sessions “reminded me of university lectures, but way more hands-on. He [Satoshi] gives great and easy examples…He kept it on the business and use-case level, and that was very interesting,” Wellinger expressed.
Using Bitcoin as a data ledger was among the topics Dr. Wright has hammered home for years. While it still relies on the data it’s fed, Bitcoin ensures that once the data is recorded, it’s nearly impossible to alter, and any changes are documented.
“For more than a decade, I questioned why we don’t have one data record. Why do we need to duplicate records and then have falsified information? His approach of one source of truth, and then allowing people with different permissions to look at and use this data, is the real deal,” Wellinger told CoinGeek Backstage.
At Aliigon, Wellinger works with a team of experts to keep startups and scale-ups ahead of the curve. This means that he must be alert to developments in the tech space and help his clients tap the latest technology to stay ahead of the competition. He says that leveraging the unbounded scaling of the Bitcoin blockchain is the way to go for startups who want to stay ahead of their peers.
Watch The Bitcoin Masterclasses #3: Double entry accounting
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