Trusting the Blockchain
Will Fullerton on Blockchain as a Foundational Technology
Audio Player
Robert J. Marks and Will Fullerton discuss what changes await as we enter the implementation phase of a foundational technology rollout: blockchain. While China is making a multi-billion dollar investment, IBM is betting on countless blockchain projects. And by promising to disintermediate financial institutions, blockchain holds the promise of radically reducing obstacles and overhead from human transactions. Still, challenges remain to be solved that are inherent to the technology. Join Bob and Will for a stimulating conversation.
Show Notes
- 00:30 | How to trust a car salesman
- 01:25 | Building trust and the blockchain
- 01:40 | Introducing Will Fullerton, student in economics at TCU
- 02:00 | China’s massive investment in technology and AI especially
- 02:45 | What businesses will be disrupted by blockchain
- 03:00 | A foundational technology
- 03:30 | What is a blockchain?
- 04:10 | Decentralization as a key to assurance
- 06:00 | How do I know the information cannot be altered?
- 06:45 | Can blocks in the chain be encrypted?
- 07:20 | Prognostications on the impact of blockchain on society
- 08:40 | Blockchain may remove overhead, middlemen, and delay from banking
- 09:10 | Moving into the implementation stage
- 09:40 | The IBM embrace of blockchain
- 10:05 | Linking blockchains like a relational database
- 10:35 | Are blockchains scalable?
- 11:29 | Ethereum and the “smart contract”
- 12:40 | What about latency, as chain updates proliferate?
- 13:40 | Real world implications of smart contracts
- 15:38 | Might endless terms of service contracts go away?