I love this stuff - bitcoin, ethereum, blockchain technology - and what the future holds.
We need to come up with use cases for this technology that drive clear benefits for individuals and institutions - these are our customers. Too often we see bitcoin and blockchain technologies as solutions in search of a problem. We don't just need these systems to be technically better than the alternatives - we need them to be more user-friendly.
We set up a small bitcoin and ethereum mining operation... that miraculously now is actually making a lot of money.
I like analyzing and managing large-scale transaction processing platforms, record-keeping administration, and brokerage trading services.
When computer systems cause errors, you can end up with The Dreaded NIGO - the 'not in good order' transaction.
I am in a traditional financial services business - but we at Fidelity can see that the evolution of technology is setting our industry up for disruption. What if this technology could do for the transfer of value what the Internet did for the transfer of information?
I'm a believer. I'm one of the few standing before you today from a large financial services company that has not given up on digital currencies.
When everyone is running the machine, and it's all working, there's a tendency to look at the short term and focus on incremental opportunities and not look ahead to the really big opportunities.
Change is something that is expected and, therefore, not resisted.
You have to think that the answer - and the right answer - for you and your organization might not be something that's been done before. And it's up to you to discover and work with your team to form and figure out how to do successfully.
Blockchain technology isn't just a more efficient way to settle securities. It will fundamentally change market structures, and maybe even the architecture of the Internet itself.
