Myths and Realities of Blockchain and Cryptocurrency Podcast

In this episode of COSIMO Verbatim, Joel Telpner, a highly respected legal advisor in the blockchain space and Partner at the New York law firm Sullivan & Worcester, discusses why blockchain technology will replace traditional intermediaries, and the profound implications that will have on the US regulatory system and global markets.

A speaker at the DAVOS World Economic Forum and a key advisor to the Swiss government, Joel brings global expertise to explain how blockchain technology will eliminate borders, create economic empowerment, and help the greater good with real-world applications. He outlines the regulatory evolution happening in the cryptocurrency market, and provides a preview of ndau, a new digital currency addressing dependency, volatility, and governance issues that remain prevalent in existing cryptocurrencies.

In addition to his position at Sullivan & Worcester, Joel leads policy initiatives on global regulatory issues for blockchain on behalf of the Global Blockchain Business Council and the Blockchain Research Institute. He is also a member of the Wall Street Blockchain Alliance’s Legal Working Group, which is developing guidance on global best practices for ICOs.

Show Notes:

2:07 — How Blockchain generates trust

3:16 — Tackling the assumption that intermediaries should be trusted more than blockchain

6:18 — Regulatory challenges for the SEC

9:45 — Economic empowerment for developing countries

10:52 — Bypassing traditional banking systems with blockchain

11:40 — Why real cryptocurrency projects are hurt by hyped tokens that shouldn’t exist

15:07 — Exciting projects helping the greater good

16:44 — Evolution of the market from the non-regulated wild west to a regulated space

20:26 — What’s missing in the crypto world and in bitcoin

21:16 — A security token that could become a true reserved currency for the entire crypto space