Digital Ledger Quotes

A smart contract is a mechanism involving digital assets and two or more parties, where some or all of the parties put assets in, and assets are automatically redistributed among those parties according to a formula based on certain data that is not known at the time the contract is initiated.

Giving users easy access to many different kinds of digital assets on the blockchain and, particularly, tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level, and I applaud Digix Global's initiative in being the first of many such projects to successfully launch.

There is definitely a lot of banks that are interested in private blockchains. In some cases, they are happy with public blockchains as well. The opposition to just doing things on a public blockchain is definitely smaller than some of the strongest detractors think.

I do think that overall blockchains are likely to be a much more powerful force for good than evil.

I do think the blockchain infrastructure is here to stay.

If you think about any multiparty process where shared information is necessary to the completion of transactions, and the coordination of activity and the exchange of value, that's where blockchain technology can be put to good use.

Blockchain technologies will change transactions in a broad way.

I call the blockchain 'the Internet of value' and 'the Internet of trust.' Because everything becomes trustless. It's a big distributed ledger. Think of it like an Excel file that's being maintained and updated and managed by millions of computers around the world.

Countless banks around the world are already testing distributed ledger systems in proof-of-concept trials.