Parity founder demos Substrate, live launches a blockchain in minutes instead of days or weeks18.34

While the blockchain world has seemingly blazed along in the last 18 months, much of the action has been in the currency world. The underlying technologies building this world are growing at an equally blistering rate, but until now few have threatened to ‘game the game’. Today at the Web3 Summit in Berlin, Parity Technologies founder Gavin Wood demoed launching a blockchain in under 60 minutes, a previously unheard-of feat. Although it was hard to ascertain the demeanor of the quiet, and often subdued crowd of hardcore, hoodie-wearing blockchain developers arraigned before him in the vaulted, wooden paneling of East Berlin’s old DDR-era symphony hall, the excited chatter in the hallway after the presentation was palpable.

In a grand gesture, Wood launched a new blockchain in about 15 minutes from a brand new Mac laptop, from which he dramatically tore off the shrink wrap, in order to demonstrate how little time and set-up it would take, and how few tools would be needed to pull off what might previously have taken days or even longer, depending on the complexity of the project. Developers sitting in the front row of this live demonstration literally gasped as Wood fired-up the platform.

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