{"id":11092,"date":"2018-12-05T00:00:00","date_gmt":"2018-12-05T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2018\/12\/05\/one-on-one-with-kevin-werbach-author-of-the-new-book-the-blockchain-and-the-new-architecture-of-trust\/"},"modified":"2018-12-05T00:00:00","modified_gmt":"2018-12-05T00:00:00","slug":"one-on-one-with-kevin-werbach-author-of-the-new-book-the-blockchain-and-the-new-architecture-of-trust","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/one-on-one-with-kevin-werbach-author-of-the-new-book-the-blockchain-and-the-new-architecture-of-trust\/","title":{"rendered":"One on One with Kevin Werbach, Author of the New Book; the Blockchain and the New Architecture of Trust"},"content":{"rendered":"

The Ripple Team<\/strong> <\/a>recently sat down with the author and Professor of Legal Studies and Business Ethics at the Wharton School of the University of Pennsylvania, Kevin Werbach to discuss, not only his new book, but also his teaching and research.<\/p>\n

<\/p>\n

\"Kevin<\/a><\/h2>\n

What\u2019s in the Book?<\/strong><\/h2>\n

The book explores how blockchain technology can become broadly accepted and trusted by consumers, governments and businesses all across the world.<\/p>\n

According to the Ripple team, \u2018Werbach shared Ripple\u2019s<\/a> thought on where he sees real world value in application of this new technology, what the future might look like for digital assets and blockchain and the importance of creating more legal and regulatory clarity to support innovation while also protecting consumers.\u2019<\/em><\/p>\n

Werbach sees blockchain as a new level of trust that aims at removing dependence on specific entities. He bluntly points out trust as the basic foundation for cryptocurrencies and blockchain to reach their potential.<\/p>\n

He adds, \u201cWe need to examine more closely what kind of problems blockchain<\/a> can address and the trust landscapes of those domains. And, counter-intuitively for some, law will largely be a force that helps the blockchain ecosystem.\u201d He sees laws, regulations and governance as the mechanisms of trust.<\/em><\/p>\n

Tractions in Today\u2019s Industries<\/strong><\/h2>\n

Professor Werbach sees three largely separate uses emerging in using digital assets and blockchain technology to solve real problems in today\u2019s business. He points out that crypto coins will soon be the foundation for decentralized applications since right now; the market still has \u2018inefficiencies moving money between silos and jurisdiction, as well as financial inclusion opportunities.\u2019<\/p>\n

The second use he mentions is distributed ledgers for tracking assets. Terming it as a \u2018translucent collaboration<\/em>\u2019 he says it is very significant in financial services and supply chains. The two are specific areas with a whole lot of challenges since nobody has a unified view across the whole system.<\/p>\n

\u201cAnd finally, there is regulated crypto-asset trading, through security token offering and crypto-derivatives. The prospect of a secure, programmable, native, digital token that represents assets or intangibles is a Wall Street<\/a> dream, which that community is racing to turn into reality.\u201d<\/em><\/p>\n

Regulations on crypto-assets protect and secure all crypto assets underlying them. This in return creates a high level of trust from investors in the industry.<\/p>\n

To read the entire question and answer interview between Ripple Team and Professor Werbach visit ripple.com<\/a><\/strong>. <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The Ripple Team recently sat down with the author and Professor of Legal Studies and Business Ethics at the Wharton School of the University of Pennsylvania, Kevin Werbach to discuss, not only his new book, but also his teaching and research.<\/p>\n","protected":false},"author":5,"featured_media":11094,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[84,74,9157],"tags":[4620,4805],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/11092"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=11092"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/11092\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/11094"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=11092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=11092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=11092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}