Web Summit
03 December 2018 · 0 min read

Joseph Lubin on the Power of Ethereum

Joseph Lubin, co-founder of the Ethereum platform, speaks on its merits. Ethereum is a world computer on top of a peer-to-peer network that runs smart contracts - applications that run exactly as programmed without the possibility of censorship, fraud, or third-party interference. Until now, businesses had to build their systems on database technologies that resulted in siloed and redundant information in typically adversarial contexts. Ethereum aims to move to next-generation IT infrastructures and trust-minimized networks that allow for new innovations like cryptocurrencies, automated and self-executing legal agreements, and self-sovereign identity.