FIRST - Meet the Inventor of Blockchain

This is the introduction section in my book.

Dedicated: To all the inventors who never received credit

INTRODUCTION

The world believes that Satoshi Nakomoto, an anonymous person, invented blockchain. According to Wikipedia, “The first blockchain was conceptualized by Satoshi Nakomoto in 2008 and was implemented the following year as a core component of the digital currency bitcoin, where it serves as the public ledger for all transactions.”

You will learn in this book that Wikipedia and the rest of the world is wrong. The first and real inventor of blockchain is Dr. Kelce Wilson. This book will show you, without a doubt, that the first person to conceptualize, patent, and to implement blockchain was not Satoshi Nakomoto, but rather Dr. Kelce Wilson.

Wilson has an impressive background to say the least. He holds 5 degrees including a Juris Doctorate, a PhD in Electrical Engineering, a Master of Science in Electrical Engineering, an MBA, and a Bachelor of Science in Electrical Engineering. He also holds 41 patents, including several under secrecy order by the U.S. government, and several more inventions that are patent pending.

Wilson’s work experience is impressive as well. After spending 13 years in active duty in the U.S. Air Force, Wilson retired as a Lt. Colonel. His quick progression through the ranks demonstrates strong leadership skills; a fairly rare skillset for an inventor. While in the military, he worked as the Director of Engineering for the Aeronautical Systems Center and also as a Lead Researcher for the Air Force Research Lab. Later he went on to work for BlackBerry where, as their lead attorney, he led a team of lawyers to conduct face-to-face negotiations for multi-hundred-million-dollar patent licensing agreements.

Wilson’s work experience dealing with patent trolls and other nefarious characters, has strengthen his believe in blockchain’s open source initiative. The group behind Satoshi Nakomoto’s blockchain conceived blockchain to be open source. In other words, the software source code was made available to the public so that anyone can inspect, modify, and enhance for their own purposes. Many people believe that open source engineering brings many benefits and higher value propositions when compared to most proprietary formats. Commonly believed benefits include:

More Secure
More Affordable
Greater Transparency
Higher Perpetuity
Greater Interoperability
More Flexible
Greater Localization

You will learn in this book that Dr. Wilson agrees with the open source philosophy and has clearly stated that his only goal is to receive rightful credit for his invention. In fact, you will read that Wilson is relieved that blockchain, thru bitcoin, helped the public to generally understand and accept the technology. Before bitcoin, it had been difficult for Wilson to educate people on the benefits of blockchain. Thru bitcoin, the public is starting to understand, or at least accept, blockchain’s capabilities and benefits.

However, unlike Satoshi Nakomoto who envisioned blockchain as the foundation for bitcoin, Wilson foresaw blockchain being used for document security and ultimately many other uses. Wilson’s vision is proving to be accurate. Most experts agree that blockchain is changing the landscape of software development and is ultimately changing how businesses are interacting and conducting business all over the world.

Besides the most hyped uses of blockchain, which are cryptocurrencies such as bitcoin and Etherium, blockchain is being used in applications varying from recording stock trades, documenting wills and other legal documents such as deeds for land, business contracts, medical records, bank transactions, and even voting machines. Here are three stats about blockchain that are pretty remarkable:

• Percentage of major North American and European banks that are exploring blockchain: 90%, Source: Accenture Research
• Amount the global blockchain market is expected to be worth in 2024: $20 billion, Source: Transparency Market Research
• IBM has over 400 blockchain projects currently in the works, Source: IBM

These are just a few markers showing the emerging significance of blockchain, A simple search on google will bring up many articles, research studies and other information pointing to blockchain’s rise in usage by corporations in almost every business sector. It is only right that blockchain, a revolutionary invention, should be rightfully credited to Dr. Kelce Wilson, the first person to conceptualize, patent, and implement blockchain.