Blockchain Explained by Joe Lubin, Episode 2: Why Blockchain?

Find out how the decentralization movement started, and how Ethereum and ConsenSys were formed.

In this eight part series, Joseph Lubin — Co-Founder of Ethereum and Founder of ConsenSys — discusses key concepts in blockchain technology. Each week we’ll release a new video in the series!

The second installation reveals how and why Joe Lubin got into blockchain. Joe shares his story of disenfranchisement and loss of trust in the global political and financial systems that eventually drew him to the Bitcoin whitepaper. The rest, as they say, is history…

“What attracted many of us to Bitcoin was the loss of trust in centralized infrastructure,” Lubin explains. “I realized we had a new technology to build a new trustworthy foundation.”

He recounts the Occupy Wall Street movement and how he realized blockchain provided a solution to reshape the systemic problems that currently plague governments, societies, and financial institutions.

The video also addresses Joe’s vision of blockchain and the trust system the technology enables. “On this new trust foundation, on blockchain, we can rearchitect accounting systems, financial systems, and political systems,” says Lubin.

Tune in next week for a deeper dive into the world of decentralization, and find out how Ethereum differs from Bitcoin!

Disclaimer: The views expressed by the author above do not necessarily represent the views of Consensys AG. ConsenSys is a decentralized community with ConsenSys Media being a platform for members to freely express their diverse ideas and perspectives. To learn more about ConsenSys and Ethereum, please visit our website.