What do you think big data is?BBC’s technology news presentation – Click, brought its beauty and use to us in 25 minutes of film time.Those involved with the interviewing or creation of the presentation walked through London’s prestigious Imperial College and the Somerset House using the Big Bang Data exhibition as a platform to expose big data in a way that is visually appealing, but also largely innovative.Exposure to data collection included data tracking from health apparatuses to creative artistic masterpieces.The most regarded segment, and lengthiest, is Click interviewer, Jamie Bartlett, highlighting the beauty of financial transactions through Bitcoin’s blockchain as a tool to engage the idea of decentralization and data collection.The documentary can be viewed here [for UK readers.Readers outside UK can view the documentary by using a VPN].A reasonable explanation of blockchain data was summed up by Bartlett, “no one person is in charge of the data- it is centrally framed in a chain, but verification comes from a series of users around the world to complete the process.” It is a completely decentralized world that blockchain experts agree should be according to Click.

The emphasis that Click uses through Bitcoin and blockchain experts,  Jack Peterson, Founder of Auger, Gavin Wood, CTO of Ethereum and Vitalik Buterin, Founder of Ethereum, concretes the notion that blockchain data could potentially break up the bureaucratic tendencies that have gripped larger governments financial districts.From London’s Imperial College Data Science Institute , Click uses Professor William Knottenbelt to explain financial transactions through data walls, a series of monitors and screens that tracks data of financial transactions.For every transaction that occurs it is shown on screens that make up the data wall.Other artistic ventures, like the “Black Shoals” exhibit, recreate a galaxy with thousands of stars representing the flow of capital around the world and every time a star twinkles it represents a trade on the stock exchange- in real time.Creators Joshua Portway and Lise Autogena have merged the cosmos into a configuration of beautiful intricacies that make up our financial markets.

This real-time feature serves as a tantalizing observation based on the Black-Scholes-Merton Model of derivative investments.ethereum price etcBitcoin and the blockchain is the segway into relating with big data collection.china bitcoin guardianBitcoin and the blockchain are both areas being widely applied in today’s market, but Click identifies that there are also other applications of data collection and tracking in the show.ethereum the economistClick’s Lara Lewington investigates the Spire device, a tracking device that senses body activity and mood, and incorporates algorithms, inclusive to the device, that offer a variety of options to get user’s back to normal.ebay titan bitcoin

Tracking of an individual’s vitals results in pop-up applications for physical ailments and emotional treatment, but the overall goal is get the body back to a natural state.ethereum south africaThere are limitations to using this technology and this is notated.bitcoin kaufen mit visaFor the Spire device, storage and tracking of data about the individual throughout the day has limited space on the device itself, but through consistent downloading, or syncing, tracking can be an unlimited affair and it serves a vital role in the life of the individual, according to Click.litecoin is the futureClick investigates London’s Somerset House currently running the Big Bang Data exhibit until February of 2016.bitcoin what is hashrate

The use of data collection by way of crowd responses for a variety purposes has been used to recreate some prestigious and unique works of art.bitcoin historical data downloadIt creates an innovative outlook about the use of data and the applications that it can be used for.One such innovation is displayed in the Big Bang Data exhibit data tracking.This data tracking innovation is so advanced that DNA data is be pulled off of items that have been discarded in the trash, much like, cigarettes or chewing gum and then whole recreations of human features can be presented, and they are displayed as art.Click’s focus on data through applications and systems like the blockchain are inspirational to other data collection areas, such as city planners and politicians.Click enhances the notion that there is a need for futuristic outlining and thinking.Data is used more precisely in solving algorithms and tracking, or more succinctly- it is being used in a targeted way.

What will it be like in the future?Finishing out the segment focuses on London in 2036 by asking patrons what they think London will look like in 2036.Through analysis of the collection of responses the system will infer what type of community you will most likely be living in, working and playing in.This documentary opens up plenty of doors for further thought on data collection and the uses that it will be most advantageous to human lives.BBC World News HomeEpisodesClipsGadgetsSpencer KellyAbout Click Is Bitcoin the future of currency?The virtual currency Bitcoin is growing in popularity and some are even calling it the future of money.Spencer Kelly explains the workings behind Bitcoin and how people have already become millionaires through the currency.This clip is from View Programme information More clips from 08/06/2013 GMT See all clips from 08/06/2013 GMT More clips from Click See all clips from ClickThe Australian entrepreneur who has claimed to be the inventor of Bitcoin has reneged on a promise to present new "proof" to support his case.Craig Wright had pledged to move some of the virtual currency from one of its early address blocks, an act many believe can only be done by the tech's creator.This would have addressed complaints that earlier evidence he had published online was misleading.Dr Wright said that he was "sorry"."I

believed that I could put years of anonymity and hiding behind me," he blogged."But, as the events of this week unfolded and I prepared to publish the proof of access to the earliest keys, I broke.I do not have the courage.the rumours began, my qualifications and character were attacked.When those allegations were proven false, new allegations have already begun.I know now that I am not strong enough for this."DrWright's claims were first reported by the BBC, the Economist and GQ magazine on Monday.Dr Wright had earlier indicated that he would transfer some bitcoins from "block 9" by using a private key thought to be known only to Satoshi Nakamoto, a pseudonym used by the person or team that designed the crypto-currency.Satoshi is known to have used the address in 2009 to send coins to a computer scientist.Dr Wright had promised the "extraordinary proof" in light of a growing backlash against one of his blogs.On Monday, he had posted what seemed to be evidence that he had Satoshi's key by describing a process that led to the creation of a "digital signature".But soon after, this was attacked by security researchers who linked the signature to an earlier Satoshi Bitcoin transaction that could be found via a search engine.Dr Wright subsequently wrote that he was the victim of "false allegations" and would prove his case by both moving the coins and by sharing "independently verifiable documents".Dr Wright's claims had initially been bolstered by the fact that two senior members of the Bitcoin Foundation - an organisation set up to protect and promote the virtual currency - had said they were convinced he was indeed behind the technology.Dr Wright had shown Gavin Andresen and Jon Matonis other evidence in private.He apologised to the two men in his latest blog."I

know that this weakness will cause great damage to those that have supported me, and particularly to Jon Matonis and Gavin Andresen," he wrote."Ican only hope that their honour and credibility is not irreparably tainted by my actions.They were not deceived, but I know that the world will never believe that now.I can only say I'm sorry.Matonis has tweeted that there "won't be another Satoshi".The BBC understands that this tweet signifies that Mr Matonis still believes Dr Wright is indeed Satoshi."Alot more people in the Bitcoin community are going to be unconvinced of Dr Wright's claims than will believe he is Satoshi, based upon what's happened to date," commented Dr Garrick Hileman, an economic historian at the Cambridge Centre for Alternative Finance."Butmany of the doubters don't want to be convinced.Satoshi has been mythologised and if you pull back the curtain, you shatter a lot of people's fantasies."Thereare very credible people besides Gavin and Jon who still think he is Satoshi - people who are privy to other information and whose judgement I respect."But

personally, I have more questions than answers at this point."Securityresearcher Dan Kaminsky was more sceptical."I'mglad it's over," he said."Ican't believe Wright's last scheme was to demand £5 be sent to the real Satoshi.I wouldn't call that courage but it's definitely chutzpah."DrWright's website no longer contains his original blogs, but only his final message.Bitcoin is often referred to as a new kind of currency.But it may be best to think of its units being virtual tokens rather than physical coins or notes.However, like all currencies its value is determined by how much people are willing to exchange it for.To process Bitcoin transactions, a procedure called "mining" must take place, which involves a computer solving a difficult mathematical problem with a 64-digit solution.For each problem solved, one block of bitcoins is processed.In addition the miner is rewarded with new bitcoins.This provides an incentive for people to provide computer processing power to solve the problems.To compensate for the growing power of computer chips, the difficulty of the puzzles is adjusted to ensure a steady stream of several thousand new bitcoins a day.