IMAGINING A BLOCKCHAIN WORLD | Dr. Nikhil Varma | Algorand Impact Summit 2023

Name: IMAGINING A BLOCKCHAIN WORLD | Dr. Nikhil Varma | Algorand Impact Summit 2023
Uploaded: 2024-01-25T14:57:40+00:00
Duration: 1 min 12 s
Channel: Nikhil Varma, PhD
Description: Closing excerpt of a talk by Dr. Nikhil Varma about how blockchain—starting with traceability—can attract global markets and investment to improve the…

25 Jan 2024 · 1 min

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1:12

Closing excerpt of a talk by Dr. Nikhil Varma about how blockchain—starting with traceability—can attract global markets and investment to improve the livelihoods of artisans (example names: Sunita and Pawan). The speaker emphasizes faith in the technology, redesigning value exchange, and imagines a future where blockchain funds sustainable raw materials and raises quality of life.

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What happens in Sunita in the future would be an investor coming in. So we start with traceability, but traceability is just the starting point. What happens after that is the real magic. This is where the global markets can start coming in and putting in money for more sustainable raw materials that Sunita is going to have. In turn, these markets can fund Sunita in the future and would change the quality of life of artisans like Sunita. With Blockchain, we have the ability to change the lives of people like Sunita and Pawan and millions of people around the world. It's all about us having faith in this technology, understanding this technology, and redesigning how we will exchange value. I'd like to close your eyes. I'd like all of you to close your eyes one more time and imagine the future where we will be able to change this world. Thank you so much.