Our Speaker, Dan Giurescu Randy Topolnitsky Thanks Our Speaker | | A blockchain is a list of linked records with the key characteristic that every new record added to a chain contains coded information about records already in the chain, thereby making it very difficult to alter any of the records. David Holden introduced Dan Giurescu, founder of TerraHub who described how businesses are beginning to use blockchain technology. Mr. Giurescu created TerraHub after attempting to develop a blockchain product offering and struggling to find accurate information. He saw the need for a company to help cut through the myths and provide real world advice and guidance to companies looking to implement blockchain solutions. Mr. Giurescu told us that we are on the brink of a fourth industrial revolution that is blurring the lines between physical, digital and biological spheres through the fusion of several rapidly evolving technologies. Echoing Jim Gibson's April 9th presentation to the club, he told us how advances in artificial technology, robotics and robotic aircraft, fifth generation cellular networks, the internet of things, block chain technologies, 3D printing, and quantum computing are combining to drive exponential change. TerraHub is developing its CoLab to foster the development of cross-technology products by local companies, the growth of ideas into compelling prototypes, and education to seed the development of research, ideas and talent. He also described how these technologies are changing the oil and gas sector. The term Oil & Gas 4.0 has emerged to describe how digitization, big data, automation, robotic aviation and the internet of things are creating lucrative opportunities for evolution and change. Surface rights management and maintenance records are just two of the many block chain applications being implemented by Calgary-based oil and gas companies. Following a lively question and answer session, Randy Topolnitsky thanked our speaker. |
