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Printable Handouts
Navigable Slide Index
- Introduction
- Non-monetary blockchain use cases
- Blockchain technology
- Blockchain on magazine covers
- A $1.6 quadrillion opportunity?
- HBS on blockchain
- DLT/blockchain use cases by industry sector
- Banking, finance, insurance and government
- Property Title
- Notary
- Voting
- NASDAQ
- How NASDAQ is using blockchain technology
- Smart contracts
- What is a smart contract?
- Bonds make great smart contracts…
- Many assets are ill suited for smart contracts
- Smart contracts may negatively impact profits
- The infamous DAO
This material is restricted to subscribers.
Topics Covered
- The promise of blockchain
- Potential of blockchain technology across industries
- Strengths and limitations of smart contracts
Talk Citation
Hileman, G. (2018, April 30). Non-monetary blockchain use cases and smart contracts [Video file]. In The Business & Management Collection, Henry Stewart Talks. Retrieved November 21, 2024, from https://doi.org/10.69645/XLVO3566.Export Citation (RIS)
Publication History
Other Talks in the Series: FinTech
Transcript
Please wait while the transcript is being prepared...
0:00
Hello, my name is Garrick Hileman from the Cambridge Center for Alternative Finance.
Now, we're going to talk about some of
the non-monetary use cases of blockchain technology and smart contracts.
My earlier lecture really focused on
cryptocurrencies and the monetary aspects of this technology.
But you can use the underlying technology of Bitcoin,
which we call blockchain, for many,
many non-currency or non-monetary things.
This is where, I think, executives or people in business,
it's very important, even if you don't have an interest in Bitcoin per se,
to think about how this technology could be used in your own business,
how it could potentially impact your business in
the many different ways that people are starting to think about how this will play out.
0:41
So, first, let's talk about these non-monetary blockchain use cases.
0:47
So, if you strip away the technology from blockchain and you say,
what fundamentally is this doing,
you can think of blockchain as a new trust and cooperation mechanism.
So, it's a way for people to work together
and solve this problem of what if someone reneges on a hand shaker or cheats me.
Blockchain technology often times obviates the need for some kind of trust.
Things happen automatically or they're verified, confirmed,
and informed through computer software mathematics and therefore,
you can think of blockchain in some ways as a kind of new digital handshake.
It's a way to achieve trust and cooperation.
If you think about all the different areas of life,
business, government that rely on some type of trust and cooperation,
you can start to imagine just how significant this technology
could be if it's applied to these many,
many different areas that require trust and cooperation.
So, similar to Bitcoin gracing magazine covers starting in 2015,