On the latest episode of BNN’s The Disruptors, Anthony Di Iorio, CEO and founder of Decentral and Jaxx, discusses the growing appetite for Bitcoin and the technology behind it— blockchain.
“We are moving from the age of information to the age of value.”
– Anthony Di Iorio
Di Iorio is an expert in the decentralized tech world, having co-founded Ethereum, an open-source, public, blockchain-based distributed computing platform currently becoming a force in the cryptocurrency space. He also created the most popular cryptocurrency wallets in use today, Jaxx. For Di Iorio, Jaxx is a browser for new technology, allowing people to manage their digital assets, to move them, and store them.
“If you think about what the browser did for the Internet, it really unlocked the masses, information,” Di Iorio says. “Without the browser, you wouldn’t have any idea about what to do with Internet. Now we are moving from the age of information to the age of value. You can now easily move value instantly globally from one person to another without needing third parties such as banks or intermediaries, and that’s what’s so amazing about this technology.”
“If the Internet unlocked information, blockchain is unlocking value transfer and the disruption is going to occur not only in things like publication companies on postal services, it is occurring in financial institutions, governments who are used to having control of the money system. These new technologies are opening doors and wallets.”
Di Iorio believes that there are billions and billions of dollars that can be saved by taking away the manual processes that are traditionally used in financial institutions. According to him, the main benefits of blockchain are permissionless systems and inclusiveness, and banks are now focusing on how they can utilize this technology. These days Di Iorio’s main goal is to take on an ambassador role to educate and work with government regulators to ensure that they are not stifling innovation.
“We have to make sure we are encoring entrepreneurs and startups to come here. We are making sure that as we compete in this global marketplace that we’re not taking actions that are going to enable other countries to actually get ahead,” he said. “We have an amazing opportunity and I think the government is in a place to actually do this right now and I’m really excited about what we can do, but we really need to figure out the ways we can actually utilize these information technologies to push Canada forward as a leader in these technologies.”
Watch the full episode below:
BetaKit is a production partner on The Disruptors. Tune in to BNN every Thursday night at 7pm for full episodes!