Adam Ludwin

a16z Podcast | Blockchain vs/and Bitcoin

Adam Ludwin, Sonal

Chain has generalized Bitcoin's architecture to digitize diverse assets ranging from gift cards to stock certificates, allowing private issuers to deploy purpose-built networks that eliminate traditional clearing and settlement delays. Major financial institutions are partnering with the firm to establish proprietary ledgers that disintermediate legacy systems, targeting a future where cryptographic networks replace intermediaries with instant, low-cost settlement. Although the industry currently navigates a hype cycle, the interviewee predicts the first serious, market-changing networks will launch by 2017 to replace fragmented legacy databases with interoperable asset control.