Event report: The World Blockchain Forum (WBF)

The events are held in New York City almost every day. I’m glad to have a chance study here. Through the activities I attended, the most impressive event is the World Blockchain Forum.

A brief introduction of WBF: The World Blockchain Forum (WBF) was incorporated in New York in 2017. Located at Wall Street New York City, WBF focuses on the frontier of global blockchain technology, which is committed to building the “Davos Forum” in the field of informational technology. WBF strives to establish a platform to establish an interconnected and thriving social community to share the cutting edge resources of blockchain technology.

The event was held in the Hilton Hotel in 2018. The conference hall had a huge space to hold hundreds of people with green brand everywhere. STO and Stable currency was the main topic of this event. Unfortunately, I just heard the speech about the introduction part and the conversation with Jeffery Wernick who was the earlier Bitcoin investor and VC of Uber and Airbnb. Behind the hall, there is a room for the exhibition for the application of blockchain technology in different fields. Most of them are Game or Financial Companies.

First, they start to talk about the founder of blockchain technology, Satoshi Nakamoto. He published the paper called Bitcoin: A Peer-to-Peer Electronic Cash System. However, no one knows who he is. People only know he is Japanese American. On April 20th, 2019, one bitcoin equals 5,317.67 $. Even though people start to doubt its value, they still trying to buy some bitcoins into their pockets. Actually, everyone hopes the bitcoin can maintain its value since investors have invested a bunch of money. Bitcoin’s price isn’t stable. I guess it’s one of the reasons to sell a Stable currency to poor money. For now, the most successful winners in blockchain are those people who brought the bitcoins at the very first time with incredibly low price. However, this will mislead people’s general understanding of blockchain technology, people may think that blockchain is only about trading bitcoins which creates a bias of this field.

From the basic definition of blockchain, Michael Crosby explained that,  a blockchain is essentially a distributed database of records, or public ledger of all transactions or digital events that have been executed and shared among participating parties. Each transaction in the public ledger is verified by the consensus of a majority of the participants in the system. Once entered, information can never be erased. The blockchain contains a certain and verifiable record of every single transaction ever made. Through this view, the most obvious difference between blockchain technology and the conventional network is that blockchain is built by the decentralized system while the old network is controlled by the central machine. This difference gives the user a transparent database in blockchain technology. Once a block is built, the records in it can’t be modified. Plus, the blockchain serves a permanent record of all kinds of information on a blockchain network. It’s a revolutionary technology challenges the old network that database can be decentralized from the centralized server.

The blockchain technology has a huge potential value for many kinds of fields. It can be used for the banking system, healthcare, government, etc. As David F. Bailey said it’s hard to find an industry that can’t benefit from improved transparency, seamless execution of tasks and distribution of trust around the planet. People don’t know where blockchain technology finally triggers out but they still have faith in it. According to Jeffrey Wernick, the application in the blockchain that’s driving blockchain with the solution might not actually be blockchain but might be some of the derivatives that people who are trying to be to build decentralized scalable platforms that might not end up being on the blockchain. Therefore, people may not only use blockchain to trade bitcoins but also learn the way that blockchain deals with the database system which could provide a more transparent, more decentralized channel that may influence people’s living behavior. Take trading as an example, people can easily build trust by exchanging blockchain because it can’t be revised.

Nowadays, people from different fields try to manipulate blockchain technology to develop some creative way to solve a practical problem. Michael Painter, a senior program officer at the Robert Wood Johnson Foundation, pointed out health information infrastructure challenges keep us from solving our major healthcare problems. For instance, the lack of a useful, safe health data infrastructure dramatically inhibits our ability to harness new powerful technology, like artificial intelligence. Blockchain technology was just emerging when JASON tackled these health information questions, so it could not assess its promise or pitfalls. Blockchain technology, nevertheless, could arguably offer novel ways to get us closer to that elusive health care infrastructure-like helping with information exchange, privacy protection, and control. He was unsatisfied with the old information system because doctors can’t get the valid data to finish the healthcare development including artificial intelligence. What blockchain technology can provide is a block of solid useful data with trusted privacy system that solve their worries. Moreover, blockchain technology can also give contribute to complete global payment. For years, making global payments has been challenging for both businesses and individuals since bank fees associated with international money transfers continue to increase. In this sense, Rachel Wolfson, Blockchain technology and cryptocurrency journalist, points out that the application of blockchain technology is impressive for solving the main challenges facing international payments, McCaleb also has plans to make the Stellar Network to make a progress on that. If people from all over the world can make a deal with bitcoin, the world trade system will be more efficient and transparent.  

Through this event, I recognized that blockchain technology draws big attention from society, not only because bitcoins become more and more expensive but also because blockchain technology has huge potential in many kinds of fields, such as financial service, healthcare, etc. I have faith that blockchain technology can make more progress in the future.   

Work Cited

“World Blockchain Forum New York 2018 – the Premiere Blockchain Summit.” New York – World Blockchain Forum, newyork.keynote.ae/.

Michael Crosby, Technology: Beyond Bitcoin, AIR Issue No.2, June 2016

David F. Bailey, President, BTG Inc, Blockchain 2.0.

Michael Painter, JD, MD, is a senior program officer at the Robert Wood Johnson Foundation. Blockchain technology in healthcare: perfect answer or a new source of questions? Distributed, 03.

Rachel Wolfson, (Blockchain technology and cryptocurrency journalist), How the Stellar Network is reshaping the global payments industry.

Observation: Cooper Hewitt

Cooper Hewitt, Smithsonian Design Museum is a design museum located in the Upper East Side’s Museum Mile in Manhattan. It is one of nineteen museums that fall under the wing of the Smithsonian Institution and is one of three Smithsonian facilities located in New York City. I have been there twice. The first time was a field trip with professor Nada. It was a pretty impressive experience, different than visiting other museums. I didn’t see many traditional paintings but the contemporary design works. According to the introduction of Wiki, it is the only museum in the United States devoted to historical and contemporary design. Its collections and exhibitions explore approximately 240 years of design aesthetic and creativity. The second time I visited there was to finish the observation assignment so that I intentionally noticed more details.

This museum has a perfect location in New York, near the central park. I remembered clearly it was a sunny day. Trees, flowers, people, river, all the things are so wonderful around this museum. However, it’s hard for me to recognize it’s a contemporary design museum because of its classical architecture style. I thought it might be a traditional museum as others in Europe. No matter the colors or decorate details of this building, it’s really hard for me to associate Cooper Hewitt with contemporary design.

I love this museum. The exhibitions include many masterpieces. The visiting experience is so comfortable because of the digital pen that visitors can use it to create their personal digital archive through the picture code. After they back home, they can see the interesting design works they picked up on the official website by entering the unique code on the tickets. It’s really a good way of sharing the database through the network. On the other side, it can be defined as a good transformation design. People feel more relaxed when they walking in the museum instead of taking pictures by smartphone all the time. To be more specific, the digital archive is a record of human history. In a similar way, the design is all about human requirements. In order to stay objective in the digital archive, scholars come up with an idea called archival studies thinking, a comprehensive understanding of records. I can see it’s a great record arrangement in Cooper Hewitt. It divides the exhibition into several parts; the first floor is Tablescapes and Process Lab; the second floor is Nature by design, Iridescence and Immersion Room. This arrangement leads the visitor to understand design comprehensively. According to Caswell, value is another core archival studies concept and it doesn’t mean archivists have to keep everything. When choosing an archive, archive users have to make decisions to choose the relevant important records (6). This decision is also connected with the structure of power in special events or society. For example, the artworks visitors choose to record by the pen are not only because the works are beautiful, but only because I notice the work are made by the famous designer who made a big influence on society, like Paul Rand.

The first-floor permanent exhibition called Rebeca Mendez Selects is pretty unique. As Norman contends we humans are biological animals. We have evolved over millions of years to function well in the environment, to survive. We are analog devices following biological modes of operation. People learn from nature, get inspired by nature. In that exhibition space, many birds specimen are shown by the clear display. From a broad view, the exhibition shows graphic design, fashion design, product design, painting, jewelry design, and those works are all related to the birds’ specimens by imitating its colors and shapes. For example, there is a necklace made by the black feathers, the introduction of it shows, from utilizing real feathers, in the case of Mecky van den Brink’s necklace, to imitating their appearance, as for Tone Vigeland’s hammered-nail necklace, there is no end to the influences of birds on designers. By visiting this museum, people can have a deep understanding of design, not only seeing the beauty of surface but also decoding the visual form because Cooper Hewitt exhibits the process of how to make this design instead of complete results.

Process Lab makes me feel so familiar and moving. It reminds me of the college time being a design student, working all day with materials to find potential usage. The more imaginations designer create, the more ideas will come to their mind. That’s the very beginning of every design project, start with a model, a material and finally make the experiment ideas into real. The Process Lab perfectly shows the process of how to make a design product. It has different colors of papers on the table, the visitors can make their own design style which makes them feel more involved in the design field. Moreover, the video in this lab is also professional. It describes how designers use fabric to develop multiple kinds of textures to make design works.

From my perspective, the most treasurable advantage of this museum is that it not only shows the design works but also help people understand design thinking. Another impressive design exhibition is called Table Scapes: Design For Dining. The designer uses rubber material to produce tableware. It has a special texture on the back of the bowl. The colors are very simple, only black and white so that I can’t notice the difference between those products for the first time. By observing the details, I feel very respectful because designers have to think a lot before they make those details. For instance, how to make it more functional, how to improve its beauty. It recalls words said by Paul Rand, the designer of IBM, the design is relationships. In contemporary society, design thinking doesn’t only belong to designers, everyone is equipped with this skill, a way to read and understand the world. To be more specific, the design process can be divided into three basic parts, researching background, finding problems and solutions. Almost all the jobs need researching process before people get into their work. Traditionally, when people talk about design, they think about arts, graphic, beauty. However, the design has become a way to solve multiple problems, including networks and management. In this sense, everything happens has its own value especially the problems.

To sum up, the Cooper Hewitt Museum is unique and professional. It has many masterpieces. Every design exhibition in it with high quality. Also, it makes good use of digital archive in a smart way, to let the visitor bring design works to their home through the internet. I would definitely check the exhibition lists to plan another visit in the future.

    Work Cited

“Cooper Hewitt, Smithsonian Design Museum.” Wikipedia, Wikimedia Foundation, 12 Apr. 2019, en.wikipedia.org/wiki/Cooper_Hewitt,_Smithsonian_Design_Museum.

“The Archive” is not an archive: Acknowledging the Intellectual Contributions of Archival Atudies Michelle Caswell

Norman, D. A. (1998). The Invisible Computer: Why Good Products Can Fail, the Personal Computer is So Complex, and Information Appliances are the Solution. MIT Press. Chapter 7: Being Analog