Episode 5: Blockchain 101: What Wall Street Needs to Know

Blockchain Basics: Understanding the Technology that Powers Digital SecuritiesIn this episode of Old Men New Money, Douglas Borthwick begins module two of the educational series on digital securities, focusing on blockchain technology. He explains what a blockchain is, its security features, and the differences between public and private blockchains. The episode covers the benefits of blockchain for finance, including instant settlement, fractional ownership, and programmable compliance. Borthwick emphasizes the importance of understanding the technology as major financial institutions implement blockchain strategies. He also discusses the economic models of various blockchains and highlights their adoption and risks. The concluding advice urges finance professionals to gain hands-on experience and follow thought leaders in the blockchain space.00:00 Introduction to Module Two: Blockchain Technology00:53 Understanding Blockchain Basics01:38 The Importance of Blockchain in Finance02:32 How Blockchain Settlement Works03:39 Detailed Explanation of Blockchain Mechanics06:16 Public vs. Private Blockchains07:47 Smart Contracts and Their Impact09:05 Blockchain's Advantages for Digital Securities10:46 Decentralization and Its Significance13:34 Performance and Scalability of Blockchains15:00 Consensus Mechanisms Explained16:11 Current Blockchain Adoption and Statistics17:15 Risks and Challenges of Blockchain18:22 Practical Steps to Engage with Blockchain19:31 Conclusion and Next Episode Preview Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

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