The Vergecast Amber Baldet on what blockchain technology can do for us beyond cryptocurrency
Oct 29, 2019
Amber Baldet, co-founder of Clovyr and board member of the Zcash Foundation, dives into the transformative potential of blockchain beyond cryptocurrency. She discusses the impact of projects like Facebook's Libra on trust and financial privacy. The conversation touches on decentralized identities, the need for user-friendly applications, and the complexities of data ownership in a cashless society. Baldet also critically assesses the energy costs of decentralization and highlights how blockchain can foster a more equitable digital economy.
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Amber's Background
- Amber Baldet worked at JP Morgan Chase as blockchain program lead.
- She’s now the CEO and co-founder of Clovyr, a blockchain startup, and serves on the Zcash Foundation board.
Cashless Systems and Privacy
- Cashless systems increase reliance on third-party validation for every transaction, raising privacy concerns.
- Public cryptocurrencies offer an escape hatch, potentially integrating with banks for hybrid solutions.
Zcash and Privacy
- Zcash, forked from Bitcoin, prioritizes financial privacy using advanced cryptography.
- Most Zcash transactions remain public, like Bitcoin's, highlighting the challenge of true anonymity.
