#TEDTalk #cryptocurrency
In blockchain entrepreneur and researcher Bettina Warburg’s 2016 TED Talk, “How the blockchain will radically transform the economy,” she discusses how the blockchain could one day make institutions like banks and governments less of a necessity.
Today, platform marketplaces like Amazon, eBay, Alibaba now act as “middlemen to facilitate human economic activity,” but blockchain technology has the ability to “collapse institutions and enforcement” to return the economic power to people.
“While blockchain technology is relatively new, it’s also a continuation of a very human story, and the story is this: As humans, we find ways to lower uncertainty about one another so that we can exchange value,” she said.
Warburg clarified that although blockchain isn’t the solution to everything, it gives “us the technological capability of creating a record of human exchange, of exchange of currency, of all kinds of digital and physical assets, even of our own personal attributes, in a totally new way.”