Welcome to this news update and edition of In The Hyperloop.
I'm your host Blake Anneberg and this week's episode features news from
rloop and they're moved to blockchain technology. so what is this and why would
they want to do this for a bit of background rloop is a nonprofit that
was founded off of a reddit hyperloop thread in 2015 our loop has since
created Hyperloop technology as a decentralized team now they're scaling
their validated concepts and trying to work with their growing community of
1,000 plus collaborators from over 50 countries they've won awards for their
Hyperloop designs and there are Hyperloop prototype pods now they want
to use their blockchain technology which is called the distributed ledger for
tracking various assets and contracts I know what you're thinking and yes this
is different from a crypto currency like Bitcoin but before we dive in just a
quick reminder that in the Hyperloop relies on support from viewers like you
if you like what you see consider supporting us by clicking on the link at
the bottom of your screen for our patreon page. (Thank you!) without further ado let's
get started blockchain it's like a broad term like
the Internet but it specifically is a technology called a distributed ledger
which means that is the type of data structure which resides across multiple
computing devices and is generally a surprise
multiple regions the distributed letter ledger technology includes blockchain
technologies and smart contracts while distributed Ledger's existed prior to
Bitcoin the Bitcoin blockchain marks the convergence of a host of different
technologies these usually are three basic components for blockchain a data
model that captures the current state of the ledger a language of transactions
that changes the ledger state and a protocol used to build consensus among
participants around which transactions will be accepted and in what order by
the ledger so what does this have to do with Hyperloop well our loop is a
distributed group around the world working on hardware and software for the
Hyperloop and they want to codify all the work that they've been doing for the
last three years into this distributed ledger so people
can own exact copies of the ledger and get credit for their work by ensuring
all the parties within our loop agree to a certain state in the system which is
called consensus this means that the system can create smart contracts which
will allow for rloopers to grow and set up business processes so that they
know in real time exactly the state of their work our loop will be doing this
through tokens so people can work on Hyperloop technology and receive tokens
that are owned by the rloop network as party work on Hyperloop technology as
people work on this technology as an as and as a decentralized team they're
still trying to stay true of the our loop culture but also trying to create
kind of a formal organization these tokens will be part of that
participation from a security perspective blockchain is a log based
system so you'll you will be recording what has happened as it's happening and
other business logic will be based upon that together these can be used to build
new software applications that establish trust
accountability and transparency at their core while streamlining the business
processes and legal constraints our loop has been a very human scale intensive
organization so far so this transition from human scale to computer scale will
hopefully allow everyone to trust each other and be more transparent on how
work is progressing instantaneously our basically wants to continue to allow to
anybody to work on Hyperloop and other future projects that might not be
Hyperloop related but blockchain could increase the amount of investment that
they get in new and open research this strength of the strength of our loop is
that they harness a massive global pool of talent and projects with people that
don't have you know opportunities to work on these projects in their normal
work so it's kind of like bringing power of innovation back to people our loop
really hopes to be one a stop shop where people can work on innovative projects
like the Hyperloop and they'll equip people with sandboxes where they can
show them what do or have access to equipment or
connect them through the framework of our loop our loop again was successfully
funded the manufacturing of two prototype Hyperloop odds and won
multiple awards at SpaceX pod competitions and their communally
designed and manufactured hardware has also achieved numerous first in the
Hyperloop space if you want to learn more listen to the full length an
in-depth interview with our loop and 10x labs in the description below I also go
to rloop.org and sign up for more information and keep watching ownthe
Hyperloop.com for the latest Hyperloop stuff.



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