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After two years as a developer, Mike Rae was hungry for a new challenge. He uses blockchain technology, and as he tells CoinGeek Backstage, the more he learns about it, the more he appreciates what it can do.
Prior to joining nChain as a delivery manager, Rae worked with global giants, including IBM (NASDAQ:IBM), Credit Suisse (NASDAQ:CSGKF), Fujitsu (NASDAQ:FJTSF), and Serco (NASDAQ:SECCF) as a senior Java developer. He has been on a steep learning curve over the past four years at the London-based corporate blockchain developer, he said.
“I was interested in Bitcoin and thought I got it. Then I joined nChain, and during interviews, I was educated on what Bitcoin really is… the more I studied about it, the more I liked what it could do,” he reveals.
Rae was at The Bitcoin Masterclasses in London, and as she told CoinGeek Backstage reporter Becky Liggero, the session was worth it.
“…often when he [Dr. Wright] say something, it takes a day or two before you fully realize what he means.”
One of the biggest conclusions is that Bitcoin developers need to integrate the technology into existing platforms, standards, and systems. Companies are unlikely to overhaul systems they have used and invested in for decades just to test Bitcoin.
“We have to adapt and connect to what they are using today.”
With this approach, companies only need minor changes to their system’s backend to reap all the benefits of Bitcoin.
The benefits of Blockchain are not limited to large companies, he added. Small and medium businesses can also benefit from technology, starting with basic functions such as digitally certifying files. Such functionality will be free in the future, with the BSV Blockchain Association working to make some transactions on the Bitcoin SV blockchain free.
“You simply take snippets of documents and upload them to the ledger. You don’t need to upload big data files, just hash them.”
Watch: At the start of Bitcoin
New to Bitcoins? Check out CoinGeek Bitcoins for Beginners section, the ultimate resource guide for learning more about Bitcoin—as Satoshi Nakamoto originally envisioned it—and the blockchain.
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