Name: What Does Blockchain Look Like?
Uploaded: 2018-06-01
Duration: 3 min 58 s
Description: Clovyr CEO Amber Baldet discusses mass adoption of blockchain technology

[ MUSIC ] For block chain in general, where are the users? Because what strikes me right now is the average person reads about this, they want to go use some block chain and just as in the past era when the internet came it took a browser, it took Netscape for people to go, that's how it works. And so far I'm not seeing something analagous to Netscape. How far away are we from that when the average person can actually kinda go and explore the block chain for themselves? There's a lot of mobile first development that you see for end user applications. So a lot of the kind of payments apps that you're probably familiar with. And that's great, we could use more full applications. There's some browsers that do exist, like Miss Browser, etc. But people are just starting to download them because you have to know where you're getting to, to want to download them and use them, so 1 ) I think as soon as, as soon as people realize what the heck they can use a blockchain for, we'll probably see more. 2 ) And our Browser Snaps going to be this way to conceptualize it, because remember when the internet came along for magazines, everyone, the magazines like Fortune took pdfs and uploaded it to the internet and said," there's your magazine there ," but the paradigm had shifted and you weren't benefitting from what The world wide web, or the Internet could offer. And in the case of a blockchain technology, are browsers and apps, to restate my question, the right way to think of it, or is there gonna be some sort of new user interface to explore it? Decentralization necessitates a different way to think about how you access these systems. So people that had been playing around with the Things like Mastodon or Riot Chat or Existing Federated Systems or Pirate Bay for example. There are other examples of peer to peer systems that are not blockchain based and they have user bases. So just getting people to understand what the value to them is going to be is All we have to do and there has been too much focus on the investment side and therefore it's really taking away from people, it's the difference. are building, are you investing, it's taking away from the focus on, hey this thing is really cool. I can meet my friends here. We can swap. Crypto [ UNKNOWN ] or whatever it is. But they're still finding their feet as to what that network's gonna look like. How quickly will we start seeing businesses adopt public chains or get involved, start dabbling with them? There are businesses that are doing things on the public chain. I mean, if you mean top corporates to be launching applications that are On public chain I think we will see things that look like a www landing page. In the relatively short term as soon as there is some sort of regulatory decision around hey I need to pay to access this This network and that means I have to hold cryptocurrency on my general books. That's dissuasive. But that doesn't mean that you're going to be moving your core operations onto a public blockchain. I mean we should all hope that no one moves their core operations to a public blockchain. Right away because it would grid the whole thing to a halt. So it's a little early for that. But what they will probably will start doing is say, maybe you have a permission that work and you wanna ping that network to the public chain for added security. Or maybe one of these self solvent identity things really does take off and so you wanna start letting your users authenticate with that or maybe checking Their credit history from what's on their wallet. Then you're gonna say hey, maybe that information is on the public chain. Let's figure out to integrate with that. And that's exactly really what we're doing with Clover is making sure, rather than kind of forcing public chain down people's throat that aren't ready for it Say it's okay, build where it makes sense for you. When you're ready and you want to enable that service, you flip a switch and provide a wallet and you're off to the races. [ MUSIC ]

Clovyr CEO Amber Baldet discusses mass adoption of blockchain technology

What Does Blockchain Look Like?

Finance

Amber Baldet says blockchain tech will see mass adoption.