Blockchain, Trust and Startups - Part 2

Technology Revolution: The Future of Now

Bonnie D Graham

Business News, Technology, News

4.9 • 108 Ratings

🗓️ 11 April 2018

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

The buzz: "The blockchain does one thing: It replaces third-party trust with mathematical proof that something happened" (Adam Draper). Yes. Blockchain is redefining how we transact in the digital world where digitized trust is required. According to WEF research, 58% of tech execs expect 10% of global GDP ($5.3t) to be stored on the blockchain by 2025. Are you on board? The experts speak. Drew Hingorani, Ai-BlockChain: "Behind every cloud is another cloud" (Judy Garland). Peter Ebert, CryptoWork: "Simplicity is the ultimate sophistication" (Leonardo da Vinci). Andreas Fichter, SAP: "Any sufficiently advanced technology is indistinguishable from magic" (Sir Arthur C. Clarke). Jonathan Bourgeois, Ai-BlockChain: "The greater danger for most of us lies not in setting our aim too high and falling short, but in setting our aim too low, and achieving our mark" (Michelangelo). Join us for Blockchain, Trust and Startups – Part 2.

Transcript

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0:00.0	Welcome to the most nutritious hour of business talk all week.
0:14.1	This is Coffee Break with Game Changers, presented by SAP.
0:18.1	The best run business is run SAP.
0:20.7	Your host and moderator is Bonnie D. Graham. You'll hear from the innovators who have learned to use game-changing technologies to shake up the status quo and help move today's businesses in new directions. Now, here's Bonnie D. Graham. Welcome, welcome, welcome, as the gentleman said, if you want to run with the game changers, I'm paraphrasing you are in the right place where the best run.
0:40.9	I have two buzzes. I don't know if that's the right word to use. We usually start with the buzz on the street.
0:46.0	I have two buzzes today. So let me read them and then I'll give you a little background on the topic and welcome our wonderful panelists. So buzz number one is a quote from Adam Draper. He's the
0:55.3	founder and managing director of Boost VC, a two-time entrepreneur and fourth generation venture
1:01.2	capitalist. And he has a large comic book collection. I don't know why I said that, but it was
1:05.7	on the Wikipedia. So here we go. The blockchain does one thing. It replaces third-party trust with mathematical
1:12.9	proof that something happened. Just let that sink in for just a second. I introduced the word
1:18.7	blockchain. We talked about trust. We talked about proof and something happened. All very important
1:24.7	buzzwords. Now let me go to buzz number two from William Mugayar, M-O-U-G-A-R.
1:31.1	He's the author of the business blockchain, published in 2016, General Partner at Virtual Capital Ventures,
1:37.4	an early-stage venture capital fund, and on the board of directors of OB-1, the OpenB-B-B-Sour
1:43.1	protocol that is pioneering decentralized
1:46.1	peer-to-peer commerce.
1:47.2	I'll leave that alone.
1:48.2	His list of accomplishments and memberships is astonishing.
1:51.7	Here's the quote from William Mugayyar.
1:54.0	The blockchain cannot be described just as a revolution.
1:58.3	It is a tsunami-like phenomenon, slowly advancing and gradually enveloping
2:03.9	everything along its way by the force of its progression. There we go. There's that word
	...

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