Trust, Trustlessness, and the Superpower of Blockchain: An Interview with Galia Benartzi

In our conversation, we discuss the impact of software on monetary tools, the nature of trust as it pertains to cryptocurrency, the Bancor protocol, blockchain and immutability, and the decentralization of value creation.

Udacity - Galia - Built on Blockchain

The world of blockchain attracts an amazing array of thinkers, creators, and innovators, and in the process of creating our Built on Blockchain documentary series, we’ve been extremely fortunate to connect with some truly remarkable individuals—from utopiasts and decentralization evangelists, to developers and cryptocurrency influencers, to hackers, activists, academics, and more.

One such individual is Galia Benartzi, a co-founder of the Bancor protocol. As described on her organization’s website, “The Bancor Protocol is a new standard for cryptocurrencies called Smart Tokens, which are autonomously and continuously convertible to other tokens in the network at algorithmically calculated rates.”

Galia was recently profiled in a Forbes article entitled Five Female Rock Stars Leading the Crypto Scene in 2018, in which the author notes that, “Bancor held one of the most successful ICOs (at the time it was a world record), raising more than $153 million from 10,000 participants in less than three hours. Bancor allows anyone to create their own cryptocurrency and operate it independently of a third party exchange.”

Needless to say, we were thrilled at the opportunity to speak with Galia, and we covered a lot of ground over the course of our conversation, including topics such as the impact of software on monetary tools, the nature of trust (and trustlessness!) as it pertains to cryptocurrency, the decentralization of value creation, and more.

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Introducing Built on Blockchain, Udacity’s New Documentary Series!

Udacity - Built on Blockchain

Built on Blockchain is a brand-new six-part original documentary series from Udacity. The series addresses the far-reaching influence blockchain technology could have on our lives and the world around us. In creating this series, our goal is to demystify blockchain by focusing on how activists and entrepreneurs are building blockchain-powered solutions that can impact arenas such as finance and politics, and which will help us uncover new answers to persistent global challenges—issues such as financial inclusion, identity security, and creative content ownership.

We’re extremely excited to debut this new series, and we invite you to explore the first three episodes today, beginning with “Episode I: In Trust We Trust.”

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Money IS Trust: An interview with Bill Maurer about the history and future of currency

In an extensive interview, we speak with Bill Maurer about money, trust, and the emergence of crypto and blockchain technologies.

Bill Maurer - Built on Blockchain - Udacity

In the process of developing and advancing the curriculum for Udacity’s Blockchain Developer Nanodegree program, and creating the new Built on Blockchain documentary series, we’ve been fortunate to collaborate with some of the most innovative thinkers in the field, and with new students now entering the classroom, the energy in and around this program is truly awe-inspiring.

One of the many visionary experts we’ve been able to speak with is Bill Maurer. He is the Dean of the School of Social Sciences, and a Professor of Anthropology, Law, and Criminology, at the University of California, Irvine. He is also the Director of the Institute for Money, Technology and Financial Inclusion, and his most recent books include “Paid: Tales of Dongles, Checks, and Other Money Stuff” and “How Would You Like to Pay?: How Technology Is Changing the Future of Money.”

We spoke with Bill recently about the history of currency, the ways currency represents responsibilities and obligations, the emergence of record-keeping, and the critical role of trust. We also explore the ways in which cryptocurrencies and blockchain technology are a logical next step in currency’s evolution, and what the future holds in terms of how these innovations and technologies will be applied.

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