Blockchain: "It's Going to Radically Transform Our Society's Institutions"
summary
Claims that a global distributed ledger — replicated across hundreds of thousands, ultimately millions of computers — makes transactions immutable because to change one 10-minute block you must rework the entire history; miners solve proof-of-work math and get paid, so the Bitcoin chain is practically unhackable. Ethereum enables programmable smart contracts and rapid apps: prototype stock exchanges, music-payment rails, portable identities and bank ledger replacements that cut multi-day settlements to immediate settlement, and reach two billion unbanked users.
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chapters (5)
- 0:00Start
- 4:43Blockchain Technology: The Trust Protocol
- 7:19Blockchains as Platforms for Innovation and Value Creation
- 8:54A New Platform for the Financial Services Industry
- 12:03Blockchain and Prosperity Not Just Redistribution of Distribution of Wealth
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