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#WebSummit

The power of Ethereum

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Published on Nov 8, 2018

Joseph Lubin Co-founder of Ethereum speaks on its merits. Ethereum is a world computer on top of a peer-to-peer network that runs smart contracts - applications that run exactly as programmed without the possibility of censorship, fraud, or third-party interference. Until now, businesses had to build their systems on database technologies that resulted in siloed and redundant information in typically adversarial contexts. With Ethereum, we can move to next-generation IT infrastructures and trust-minimized networks that allow for new innovations like cryptocurrencies, automated and self-executing legal agreements, and self-sovereign identity.

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