BROADCASTS.com

Title: \n \nThe Blockchain Explained \n \n \nDate: \n \nSaturday, June 4th 2022 \n \nDomain: \n \nBUSINESS \n \nLife lesson: \n \nThe blockchain technology is being used by institutions NOW. \n \n \nCore idea: \n \nI want to explain how blockchain works so one can make sense of its implied economic benefits. \n \n \n \nFact #1: \n \nHIGH RELIANCE ON TRUST\n \n \nOur current system relies on high levels of trust. \n \n \nBecause of this lack of trust we have created a monetary system that needs verification in every corner. \n \n \n \nFact #2: \n \nTRANPARENCY FACILITATES TRUST\n \n \nBlockchain technology provides a framework that adds transparency in the digital age. \n \n \nA system of hash tags creates an open network of information that can be accessed by anyone on demand \n \n \n \nFact #3: \n \nBLOCKCHAINS ARE CUSTOMIZABLE \n \n \nBlockchains can be public or private\n \n \n \nThink of the email system. You have your user name and password to log in (private key) and your email address is your (public key)\n \n \n \nFact #4: \n \nJP MORGAN HAS THEIR OWN DIGITAL COIN\n \n \nJP Morgan created their own digital coin it's called the JPM coin\n \n \nThe JPM coin has to abide by certain standards to comply with regulations. I feel the lack of coordinated regulation is what is holding back blockchain technology from broad adoption. \n \n \nAction:\n \nShoot podcast \n \n \n\n--- \n\nSend in a voice message: https://podcasters.spotify.com/pod/show/joesotoproject/message