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SXSW 2019

Unlocking the Blockchain Trilemma

While existing crypto platforms all suffer from the "blockchain trilemma" (decentralization, scalability, and security), the consensus is that mass adoption of blockchain technology will require marked improvements in efficiency. The puzzle everyone is trying to solve: How can cost and settlement times be lowered enough to improve scale? In this session, Foundation Capital's Rodolfo Gonzalez will sit down with Steven Kokinos and Silvio Micali, professor at MIT and recipient of the Turing Award (the “Nobel Prize of computer science”), to discuss how they have learned to unlock the puzzle to create a high throughput blockchain operating in a fraction of the time (hint: by skipping the puzzles) and its potential to revolutionize not just the crypto-economy, but the world economy.

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Takeaways

  1. Blockchain technology will disrupt practically every industry and improvements to its security and capacity are right around the corner.
  2. Slow transaction times on the blockchain as presently constructed will soon be a thing of the past.
  3. Computing and mining requirements will be lowered to support a threshold of massive adoption.

Speakers

Organizer

Sang Ngo, Director of Content, Foundation Capital

Meta Information:

  • Event: SXSW
  • Format: Panel
  • Track: Blockchain & Cryptocurrency
  • Level: Advanced
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