Jameson Lopp, Head of Infrastructure at Bitgo – Allowing Business Integration of Cryptocurrencies and Blockchain into Existing Financial Systems
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 18 October 2017
⏱️ 23 minutes
🧾️ Download transcript
Summary
Beginning by servicing wallet providers, Bitgo now allows companies to integrate cryptocurrencies directly into their existing financial service systems, through a fork of the Bitcoin blockchain. Currently, they are working with the British Royal Mint and the Chicago Mercantile exchange to token the trading of gold and other assets all over the world.
By using the bitcoin blockchain to replace low-level auditing procedures, the entire trading history of the gold can be verified, without having to physically touch the gold. To accomplish this, Bitgo has created a multi-signature software called Prova, which breaks private keys into 3 parts, and distributes them to the user, Bitgo, and an offline back-up key.
Users need 2 out of 3 keys in order to initiate transactions, greatly increasing user's security. In the future, they hope to add the ability to make atomic swaps, and will continue to work on improving the Prova software.
For more information, visit www.bitgo.com.
Transcript
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| 0:00.0 | The Bitcoin, Ethereum, and blockchain super conference is coming to Dallas, February 16, 17, and 18 in 2018. |
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| 0:38.0 | to get the lowest rates on tickets and hotel rooms. |
| 0:41.0 | That's Bitcoin super Conference.com. |
| 0:44.0 | Welcome to Almost Here, round the corner of Future Technology Podcasts with Richard Jacobs. |
| 0:51.0 | Future Technologies ways to transform our lives for better or worse are the focus of this |
| 0:56.4 | podcast. |
| 0:57.4 | Almost here means these technologies are now here and starting to be used, or just around the corner, from Bitcoin to artificial intelligence, |
| 1:05.9 | 3D printing, blockchain, virtual reality, and more. |
| 1:10.6 | Hey, this is Richard Jacobs with Future Tech Podcast. My guest today is Jameson Lop, |
| 1:15.1 | ahead of the Infrastructure team at Bitco, BIT Geo. Jamison, how you doing? |
| 1:21.0 | Doing well, thanks for having me. |
| 1:23.0 | Yeah when I hear your name I picture a bottle of I believe whiskey |
| 1:26.4 | so it's a good association. |
| 1:28.8 | Yes, I do have a fair amount of Irish in my blood. |
| 1:34.0 | Excellent. |
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