Brian Forde, MIT Media Lab’s director of digital currency, explained how bitcoin and the blockchain could transform the way the world does business during a podcast interview presented by Inc. Uncensored. A team of Inc. editors, led by Editor James Ledbetter, introduced Forde and asked him to give an overview of bitcoin and the blockchain before posing questions.
Forde explained how the blockchain could replace some repetitive work done by lawyers, insurance companies and bankers, and how the blockchain could bring a new era of digital rights management that could change the music and media industry.
Blockchain: ‘Assets Over IP’
Forde said the best way to think about the blockchain is “assets over IP.” The Internet has been used as an information-sharing platform, but for commerce and transactions, “it’s still not that good.” It’s still easier to go to a store and hand someone a credit card than to enter all the information that a person has to enter onto a website to do an online transaction. “It’s not an