The token and blockchain technology can help calculate the value of each person on your network and reward them appropriately, similar to the mechanism that built the PayPal network. Rockfin has some hurdles to overcome, but the bundling subscription feature could help expand its user base by building a network protocol.
Blockchains and block explorers make it easier to index information than the open web and social networks because they have an open state database in addition to open source code. Indexing the open web is difficult due to the sheer number of websites.
Hybrid smart contracts combine the benefits of on-chain and off-chain processing to create automated agreements that can validate external information sources. They enable a more sophisticated level of automation and speed up transactions while preserving the trust advantage that blockchain provides.
The interviewer describes a strange encounter with a potential blockchain developer job candidate who appeared to be avoiding direct questions and repeating buzzwords instead.
The two families of scaling in blockchain are Layer 1 and Layer 2. Layer 1 scaling aims to improve the blockchain itself, while Layer 2 scaling involves creating protocols that sit atop the blockchain and utilize it in more innovative ways to ensure the same level of security as a blockchain.
Citidao aims to create a decentralized on-chain city that utilizes blockchain technology to speed up transactions, reduce bureaucracy, and make land use transparent. The next steps for Citidao include voting on what gets built on the land and who gets to use it when, all through smart contracts.
This podcast discusses the potential of using blockchain technology to solve the issue of ticket stub fraud in the concert industry, where fake tickets and scalpers continue to be a problem.