Summary of How the Blockchain Will Radically Transform the Economy

Looking for the video?
We have the summary! Get the key insights in just 5 minutes.

How the Blockchain Will Radically Transform the Economy summary
Start getting smarter:
or see our plans

Rating

8 Overall

8 Importance

7 Innovation

8 Style


Recommendation

Blockchain researcher Bettina Warburg presents a polished overview of blockchain technology, which she illustrates with simple graphics and anchors in a narrative of economic history. However, her methodical lecture doesn’t mention any drawbacks or objections to the blockchain. That omission aside, getAbstract recommends this video to anyone interested in liberty, economic security, trade or how technology affects society.

In this summary, you will learn

  • How humans developed formal and informal mechanisms to reduce uncertainty in trade,
  • How the blockchain eases this uncertainty in three ways, and
  • Why this technology will bring an economic revolution.
 

About the Speaker

Trained as a political scientist, Bettina Warburg is a blockchain researcher.

 

Summary

When humans trade with one another, they face uncertainties. According to the late economist Douglass North, people developed “institutions” such as written...

More on this topic

Customers who read this summary also read

The Business Blockchain
The Business Blockchain
7
In Proof We Trust
In Proof We Trust
7
Blockchain
Blockchain
7
Blockchain Revolution
Blockchain Revolution
7
Cryptoassets
Cryptoassets
8
Blockchain
Blockchain
7

Related Channels

Comment on this summary