Blockchain For Good, panel at SIIA Summit 2017

TL;DR

Blockchain technology has the potential to transform the economy by enabling transparent applications such as traceability in charities and revolutionizing labor markets.

Transcript

one thing came to mind as you're saying this that since I'm Greek the god of Pluto which is the god of wealth I don't know if you all know that he was blind and the reason he was the Greeks made him blind is that he was not supposed to distribute wealth to those that married it so he was supposed to be blind so in that sense there is your answer an... Read More

Key Insights

• ❓ The story of Pluto highlights the importance of transparency in wealth distribution, a concept crucial in blockchain technology.
• 🌍 Blockchain has the potential to translate crypto wealth into real-world assets if cryptocurrencies become widely accepted.
• ⛓️ Potential applications of blockchain include traceability in charities, improving efficiency in labor markets, and revolutionizing supply chain management.
• 👾 Atomic ownership of data enabled by blockchain technology can be a game-changer.
• 😀 Blockchain technology offers a solution to the cyber risk problem faced by large corporations.
• 👶 Blockchain has the potential to bring about a change in the economy by introducing new incentives and network effects.
• 🌍 The finance world operates on different incentives than those possibly created by blockchain technology.

Questions & Answers

Q: How does the story of Pluto relate to blockchain technology and wealth distribution?

The blindness of Pluto symbolizes the importance of transparent wealth distribution, a concept that is also vital in blockchain technology. Blockchain can prevent wealth distribution to undeserving individuals by enabling transparent transactions and accountability.

Q: What are some potential use cases of blockchain technology?

Blockchain technology has various potential applications, including traceability in charities, improving efficiency in labor markets, revolutionizing supply chain management, and enabling atomic ownership of data. These use cases have the potential to address inefficiencies and increase accountability.

Q: How can blockchain technology benefit large corporations with cyber risk concerns?

Blockchain technology offers a solution to the cyber risk problem faced by large corporations. By safeguarding data on the blockchain and enabling secure and transparent transactions, companies can mitigate cyber risks while maintaining trust with their customers.

Q: How might blockchain technology change the economy and its incentives?

Blockchain technology has the potential to revolutionize the economy by introducing new incentives and changing the way we understand economic systems. The network effects of blockchain and the ability to securely share and monetize data can create a new world of incentives, different from those currently prevalent in the finance world.

Summary & Key Takeaways

• The god of wealth in Greek mythology, Pluto, was blind to prevent him from distributing wealth to those who did not deserve it. This relates to the importance of transparency in the distribution of wealth.

• Blockchain technology has the potential to translate crypto wealth into the real world if cryptocurrencies become mainstream asset classes.

• Blockchain can have positive impacts in areas such as charity traceability, labor markets, supply chain management, and atomic ownership of data.