Blockchain Explained | BoF VOICES
The Business of Fashion Podcast
The Business of Fashion
4.6 • 770 Ratings
🗓️ 26 April 2019
⏱️ 26 minutes
🧾️ Download transcript
Summary
Speaking at BoF VOICES, venture capitalist Ken Seiff and digital currency entrepreneur Peter Smith broke down the blockchain with a crash course on what it is and what it can do.
To watch Blockchain Explained at VOICES 2018 click here.
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Transcript
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| 0:00.0 | Hi, this is Imran Ahmed, founder and CEO of the Business of Fashion. How many times have you heard |
| 0:08.0 | the word blockchain and still don't really understand what it is? I know that's how I felt over the past |
| 0:14.0 | few years as blockchain and cryptocurrency and Bitcoin have been repeated ad nauseum in the media. |
| 0:21.3 | So what exactly is blockchain? |
| 0:23.5 | A few months ago, I had lunch with Ken Seif, |
| 0:26.0 | a venture capitalist focused entirely on investing in blockchain companies. |
| 0:29.9 | On a few post-it notes, he explained in layperson's terms |
| 0:33.7 | why this technology will be the foundational platform |
| 0:36.8 | for hugely transformational change |
| 0:39.3 | that could touch every part of our economy. He didn't bring his post-it notes to voices, but he did |
| 0:44.9 | agree to give us a seven-minute crash course in the power and potential of the blockchain. |
| 0:50.8 | And to go a bit deeper, we also spoke to Peter Smith, the co-founder and chief executive of blockchain, the largest software provider for digital currency and distributed ledger technology. |
| 1:02.4 | Under Peter's leadership, blockchain raised over $70 million in funding from leading investors. |
| 1:08.6 | So here's Ken Seif followed by Peter Smith in conversation with Rohan Silva in |
| 1:14.7 | Blockchain Explained at Voices 2018. |
| 1:19.6 | I'm a venture capitalist and I focus on investing in blockchain technology. |
| 1:26.0 | I'm also a recovering retailer, having founded Bluefly and Poppin and a few other companies, |
| 1:32.1 | and previously also a venture capitalist in retail technology. |
| 1:36.2 | It was really interesting to me over the course of the last few years, |
| 1:40.3 | as I have become more seriously investing in blockchain companies, how often I was asked the question, |
| 1:46.7 | what is the blockchain? And what can it do? And so my early answers, after spending two years ago, |
| 1:57.1 | I had been investing in the space for six years. And two years ago, my early answers sounded pretty much like everything else I heard. The blockchain is a |
... |
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