Steve Wager
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- Milken Institute1h 1m
The Blockchain: A Revolution You Need to Understand
Marc Hochstein, Brian Forde, Jalak Jobanputra, Leanne Kemp, Margaret Liu, Steve Wager
A diverse panel of academics, venture capitalists, and regulators from the MIT Media Lab, Future Perfect Ventures, Everledger, and the Conference of State Bank Supervisors examines blockchain's potential to reduce financial friction through decentralized ledgers and instant settlements. The discussion details specific use cases in diamond supply chain integrity and global identity while contrasting the trade-offs between public permissionless networks and private regulatory-friendly architectures. Ultimately, the group projects that while energy consumption and AML compliance remain critical challenges, the technology is transitioning from experimental concepts to production-ready infrastructure for securities and commodities by 2017.