Former Senior Advisor for Mobile and Data Innovation at the White House, Brian Forde, recently sat down with Forbes to talk about how “Bitcoin could transform government”. Aside from his stint at the White House, Forbes founded one of the largest phone companies in Nicaragua and currently he’s the Director of Digital Currency at the MIT Media Lab.
As Director, his job basically consists in putting assembling experts from all around the world to tackle research in the area of digital currencies, specifically regarding security, scalability, economic viability, etc.
Naturally, as someone whose title includes the phrase “Digital Currency”, Forde places great stock on the significance of emerging cryptocurrency technologies:
“Digital currencies have immense potential to improve human welfare by strengthening the capacity of governments to deliver more responsive services and secure the rights of their citizens to property, identity and increase financial inclusion…And because it is an open-source protocol for innovation, a wide range of services and products can be built by entrepreneurs and non-profits on top of it.”
In Forde’s opinion, digital currencies themselves are a red herring: in their case the significance isn’t as much the money as what can be built on top of the