9,755
edits
BrianErdelyi (talk | contribs) (Initial page) |
Westarctica (talk | contribs) |
||
Line 1: | Line 1: | ||
The Minister of Blockchain heads the Royal Blockchain Authority, the agency tasked with providing counsel to the Grand Duke concerning blockchain uses and innovations. | [[File:Brian-E.jpg|thumb|The Hon. Brian Erdelyi, the Minister of Blockchain]] | ||
The '''Minister of Blockchain''' heads the [[Royal Blockchain Authority]], the agency tasked with providing counsel to the [[Grand Duke Travis|Grand Duke]] concerning blockchain uses and innovations. | |||
Blockchain is the underlying technology that powers Bitcoin and other digital currencies using cryptography. Blockchains are secure by design and are an example of a distributed system that is suitable for recording of events, climate records, wildlife populations, medical records, land registration records, birth records, financial transactions, voting records, and more. | Blockchain is the underlying technology that powers Bitcoin and other digital currencies using cryptography. Blockchains are secure by design and are an example of a distributed system that is suitable for recording of events, climate records, wildlife populations, medical records, land registration records, birth records, financial transactions, voting records, and more. | ||
==Creation of office and duties== | |||
In July 2017, Mr. Brian Erdelyi, a cybersecurity expert, approached Grand Duke Travis about potential blockchain applications for emerging nations. The two men then collaborated on a blockchain system for Westarctica and the initial test project was completed that same month. After the the price of Bitcoin exploded to nearly $20,000 in December 2017, Grand Duke Travis reached out to Mr. Erdelyi to discuss the possibility of creating a cryptocurrency for Westarctica. | |||
After several weeks of planning and discussions, in January 2018, they decided to begin their real-world blockchain experimentation by creating a cryptocurrency called the [[Westarctican Dollar]] (WAD) that would be an Ethereum token. These tokens would function primarily as a novelty to reward and engage citizens of [[Westarctica]]. In the furtherance of this goal, Mr. Erdelyi was appointed Minister of Blockchain and welcomed into the [[Royal Council]]. It was the first new cabinet position to be created since the [[Minister of Technology]] in 2014. | |||
[[Category:Government of Westarctica]] | |||
[[Category:Cabinet of Westarctica]] |