Of course it can be stopped, in fact it's what happen by default, unless there is $ incentive

Great way to summarize Blockchain as Proof as a service

no it's not. A Passport is an official ID, you can open a bank account, stay at hotels, KYC, and book flight tickets, plus it put yourself on a government database proof or birth, age, name. etc.

totally missing the HUGE amount to of people... speaking dialects and the many people that will never have a passport, i.e. the unbanked not even have a birth certificate, forget about about signature, a formal document of identity. So this is why there are many things you guys are missing. Not my case.

Whether you think of it as a distributed ledger, decentralized database, computing infrastructure, open source/ software development platform, cryptocurrency, transaction platform, or financial services marketplace, the bitcoin blockchain is driven by two key features: that it is a peer-to-peer network, and that it unbundles trust. Imagine moving from Googling for things to offering proof-as-a-service instead (which itself begins with rethinking identity).

In fact, there's a lot of parallels -- both in evolution and development -- with the blockchain and the internet before it. Only the blockchain doesn't need the web. And that has profound implications for what applications and new businesses are now possible, especially in financial services. But if "the worst place to develop a new business model is from within your existing business model", then how can banks move beyond mere process innovations to offering entirely new services built on the blockchain? Many financial institutions are trying to get ahead of the blockchain disruption by exploring it proactively, but how do they overcome the innovator's dilemma and looking at startups like animals in a zoo?

In this episode of the a16z Podcast, William Mougayar, the author of the new book The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology shares how traditional, established industries can overcome the innovator's dilemma in this case; what the future of banks might be; and what new applications, services, and startups are possible due to the features -- really, benefits -- of the blockchain. Because the blockchain, ultimately, is an innovation platform.

a16z Podcast: Banking on the Blockchain

The a16z Podcast discusses tech and culture trends, news, and the future -- especially as ‘software eats the world’. It features industry experts, business leaders, and other interesting thinkers and voices from around the world. This podcast is produced by Andreessen Horowitz (aka “a16z”), a Silicon Valley-based venture capital firm. Multiple episodes are released every week; visit a16z.com for more details and to sign up for our newsletters and other content as well!

Comments

da future we pursue is 100 mill years in the past.

da future we pursue is 100 mill years in the past.

da future we pursue is 100 mill years in the past.

da future we pursue is 100 mill years in the past.

Ashwin Krishnan

Vladislav Dramaliev

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