Engineering a smarter financial world with blockchain technology

In this episode of CoinGeek’s weekly live streamCEO of Tokenovate Richard Baker Join Kurt Walkert Jr. to talk about how blockchain technology can create a smarter, more efficient financial world. Baker should know he’s in the middle of the action with his company Tokenovate.

title = “YouTube video player” frameborder = “0” allowed = “accelerometer; autoplay; write to clipboard; encrypted media; gyroscope; picture-in-picture; web sharing” Rererpolicy = “strict origin at intersection-“origin”allow fill Screen>

Wuckert’s weekly CoinGeek article

Wuckert begins the stream by talking about his latest article on CoinGeek. It covers how one of Wuckert’s social media haters, Arthur Van PeltIt appears that his funds have been frozen Bitstamp.

Walkert says despite Van Pelt’s bad rhetoric over the years, he hopes to resolve the situation and get his money back. These are the risks of using centralized exchanges and the murky “crypto” ecosystem.

What has Tokenovate been working on?

Baker should be a familiar face to most people in the BSV ecosystem. He is now in charge of Tokinovatea company that is shaking up traditional financial markets by using blockchain to make operations more efficient.

The Tokenovate team is based in the UK (London and Cambridge) and focuses on derivatives. They are building a “modern rights management and workflow automation platform” for Derivatives on the BSV blockchain.

As a company focused on financial infrastructure, Baker explains that its clients will be banks, exchanges, vendors, clearinghouses, prime brokers, etc. Essentially, Baker says they have automated the “factory floor” of derivatives trading, explaining the process in a more detailed way. the details.

What does this look like on a large scale?

Before answering that, Becker invites us to take a step back and consider the current financial system and its roles and responsibilities. Clearing banks, custodial services, prime brokers, and others play specific roles in financial derivatives and other trades.

The innovation and transformation driven by companies like Tokeovate has impacts throughout the entire ecosystem. Everything from creation to asset movement is changing because… blockchainDLT and associated technology.

Tokenovate is particularly involved in legal rights and their movement across this system. They transfer rights rather than the assets themselves, but it all plays a role in removing friction and making everything more efficient.

There is a huge appetite for Digital twins “Of bonds,” Baker says. “They are still issued traditionally, too, but the digital twin is a step in the right direction.” Change is slow, he says, but that’s where the opportunity lies for disruptors and competitors.

While the big players have been innovating and experimenting with technology for a few years now, they are starting to realize that they have built silos and are facing an interoperability problem — something CoinGeek has predicted for years.

The next US government and its position on blockchain

Walkert points out that A The new American government It is located around the corner and could be a good fit for this industry. For example, new Vice President J.D. Vance worked in fintech. He wonders what Baker thinks about all this.

Tokenovate’s CEO says he will park his politics at the door and expects a big change Running bull. The industry is sure to benefit, and a lot of innovations are likely to come in the next few years.

On a related point, Baker says the idea of ​​Bitcoin is here to stay for the foreseeable future, whether we like it or not. We will also see a lot of innovations around lending, Decentralized financeetc. All of this could be 10 years old or less, but it will happen in the near term.

What would Baker say to organizers if given the chance?

Baker recalls how he went to Capitol Hill earlier this year, and organizers are now focusing on scalability, cost, consensus, how the technology works, and so on. It’s seen as an essential technology, which is great.

In the midst of all this, there is an opportunity to Bitcoin protocol To register privately on Public and permissionless blockchain. The key is to do what Tokenovate did: build systems that allow for privacy while also adhering to reporting and other regulatory requirements.

To hear more about Tokenovate, the value of on-chain data, different token standards, and more, visit Check out the live stream here.

Watch: Want to develop on BSV? Here’s how to build with a mandala

title = “YouTube video player” frameborder = “0” allowed = “accelerometer; autoplay; write to clipboard; encrypted media; gyroscope; picture-in-picture; web sharing” Rererpolicy = “strict origin at intersection-“origin”allow fill Screen>