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MCCSC's Adam Terwilliger Shares Expertise on Cryptocurrency

 Terwilliger at The Mill

 

MCCSC's Adam Terwilliger Shares Expertise on Cryptocurrency

 

Have you heard of a merkle root, nonce, or a blockchain? No? Most people haven't. Adam Terwilliger, MCCSC's Assistant Director of Business Operations, is not most people.

 

During Mill Week, the week leading up to the launch of The Mill in Bloomington, experts in their associated fields are leading discussions on today's hottest topics. Adam led the attendees of his session into the future of finance and wealth during his Future 101: Cryptocurrency session. Future 101 is a monthly event held at The Mill designed to bring cutting edge tech topics to Bloomington's tech scene.

 

Cryptocurrency, by definition, is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central. Adam had attendees work through a demonstration on how these type of open source transactions take place. The transactions are verified by independent 'miners' that use blockchain technology to confirm where the currency has been and that it is not fraudulent. The entire system is run by users of the technology and releases dependance on large financial institutions.

 

Terwilliger at The Mill Blockchain

 

Where can cryptocurrency transactions take us? Some examples that Adam gave were: your car shutting down until you pay for parking in full, your WiFi could free by receiving micropayments of nearby neighbors, or your fleet of self-driving cars could pay their insurance from their Lyft profits. He acknowledges that most of the applications requiring transacting with cryptocurrency have not been created because the technology is lacking mass adoption. Then added, "But did we know that renting electric scooters ran by your cell phone was possible when the internet came about?"

 

About The Mill:

Dimension Mill is 19,000 square feet of coworking and business incubator space located in the Trades District in downtown Bloomington, Indiana. They have been producing events and programming to support the technology and innovation community since summer 2017, and renovation of the 103-year-old building will be complete in fall 2018. Operating as a 501(c)(3), their purpose is to build the infrastructure that technology and innovation entrepreneurs need to be successful. Specifically, they want them to launch and accelerate companies to create jobs and increase wages. They support that by offering programming and memberships.

 

About the Monroe County Community School Corporation:

The Monroe County Community School Corporation (MCCSC) is an Indiana Department of Education “A” Corporation. MCCSC serves nearly 11,000 students from diverse populations in 23 schools. MCCSC is a leader in STEM and EARTH curricula, encompasses a Performing Arts Academy, International Baccalaureate schools, Dual Immersion programs, multiple Career Pathways, a Career Center, as well as numerous College Credit opportunities to prepare students towards college and career readiness. Our commitment, as we educate tomorrow’s leaders, is to Engage, Empower, and Educate all students in a world-class learning environment empowering them to maximize their educational success in becoming productive, responsible global citizens.

 

Posted 11/13/2018