Category: obitx

  • The Truth about Smart Contracts

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    By Laura Desmond Much like the words “blockchain”, “AI” and “cloud”, “smart contract” is one of those phrases that get a lot of hype. After all, what can be better than being able to trust what will happen instead of using the judicial system? The promises of smart contracts include: Enforcing contracts automatically, trustlessly and […]

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  • The Security Token Thesis

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    By Laura Desmond Last summer I wrote Traditional Asset Tokenization, in which I hypothesized that a broad array of assets will move to blockchain records of ownership (represented by tokens), thereby changing the way society holds and transfers investments. A lot has transpired since last summer. In short, it’s happening — the infrastructure to support security tokens is […]

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  • Ethereum Will Be the Backbone of the New Internet

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    By Laura Desmond Loom Network is building our Layer 2 on top of Ethereum, instead of other blockchain platforms — and here’s why. Each month, another company publishes a whitepaper, claiming to have solved the scalability problems faced by Ethereum. These new blockchains claim to be better, faster, and smarter than Ethereum — they say they can handle thousands, even millions of […]

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  • Tokenizing the World One Company at a Time

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    By Laura Desmond The Holy Grail for the financial industry is enabling access to capital for the more than five million small businesses that operate in the United States. Venture capital and banks only give money to a small fraction of companies, and it’s no secret that the recipients of that capital are not exactly diverse. Much […]

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  • Op-ed: Visa vs. Cryptocurrency — It’s Only a Matter of Time

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    By Laura Desmond The use case for cryptocurrency and decentralized payment networks was reinforced this week as Visa payments throughout Europe were disrupted, leaving thousands of people unable to pay for goods and services. The BBC reports that people were left stranded — unable to pay for fuel — and in other cases forced to leave restaurants […]

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  • Blockchain Technology is NOT a Trend.

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    By Laura Desmond Everyone’s talking about blockchain. In 2012, I watched some of my long-time friends leave very successful businesses to go all in on Bitcoin. Here were people with killer business acumen, who I had worked with for years, and they were leaving everything behind for this new technology. For example, two of my friends created […]

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  • Why Blockchain is Hard

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    By Laura Desmond The hype around blockchain is massive. To hear the blockchain hype train tell it, blockchain will now: Solve income inequality Make all data secure forever Make everything much more efficient and trustless Save dying babies   What the heck is a blockchain, anyway? And can it really do all these things? Can […]

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