Paxos. – ‘Bankchain’ a Private Blockchain Helping Streamline & Improve Capital Asset Markets
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 24 February 2017
⏱️ 33 minutes
🧾️ Download transcript
Summary
Raj Nair, engineer at Paxos talks about how the company aims to bring capital asset trading to the blockchain ecosystem. Raj’s background includes work in Silicon Valley and Wall Street.
Paxos is currently taking on the gold market with its private blockchain, named Bankchain(TM), which allows for simultaneous delivery and payment of gold and gold-backed securities – capital asset trading, blockchain style.
Paxos has other endeavors scheduled to be released in 2017, but Raj stresses that their technology will be asset agnostic.
Listen to the podcast to learn more about how Bankchain is all set to revolutionize the way we trade. Don’t forget to share, subscribe and review the podcast. Contribute Bitcoin to fuel our interviews and keep us going!
Transcript
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| 0:00.0 | Welcome to Almost Here, Around the Corner of Future Technology Podcasts with Richard Jacobs. |
| 0:07.0 | Future Technologies is poised to transform our lives for better or worse for the focus of this podcast. Almost here |
| 0:14.3 | means these technologies are now here and starting to be used. We're just around the |
| 0:18.8 | corner from Bitcoin to Artificial Intelligence, 3D printing, blockchain, virtual reality, and more. |
| 0:25.4 | Hi this is Richard Jacobs with future tech podcasts almost here around the corner |
| 0:30.6 | technology and I have Sylvia Davi, head of PR and Roger Nair, engineer at Paxos.com, P-A-X-O-S-com. |
| 0:41.6 | How you guys doing? doing good. |
| 0:45.0 | Great. |
| 0:47.0 | Yeah, thanks for taking the time. |
| 0:49.0 | If you would, can you give listeners just an overview of what you guys do and how you interact with the |
| 0:55.0 | blockchain etc what is it that Paxos does? Sure so let me start up with my |
| 1:00.2 | background a little bit so my name is name is Raj Nair. I have a mix of Silicon Valley and Wall Street |
| 1:07.5 | background. I used to work for Silicon Valley companies like Egan and |
| 1:11.6 | Veritas and then moved over to Wall Street to work for Black Rock. |
| 1:17.3 | So I mean when I started at Black Rock, Black Rock was relatively unknown name, but in my 10 years I saw Black Rock become like the largest asset |
| 1:26.9 | manager in the world and one of the most influential names on Wall Street. |
| 1:30.7 | So my background is predominantly distributed systems. I used to work, I mean I have worked |
| 1:36.0 | on distributed systems all my life, so I was really naturally interested in blockchain. I got involved |
| 1:42.3 | in the blockchain lab at Black Rock and then eventually was very |
| 1:46.6 | fascinated with the technology and decided to move to Paxos to do blockchain full time. |
| 1:51.7 | So I currently had engineering here at Paxos and that's what I'm doing right now. |
| 1:58.0 | A little bit about us as far as Paxos concerns. |
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