Assets Under Management (AUM) Podcast

E05 How a professional algorithm developer is changing the commodity markets


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    NOAH HEALY ON HOW CORE DISK WILL BUILD A BETTER COMM

    In today's episode, we talk to Noah Healy, founder of Core Disk. Core Disk is trying to build a better commodities market. Markets are actually artificial intelligence machines that are centuries old. The commodities market right now with supply chain constraints.

    INTERVIEW WITH CORE DISK'S FOUNDER

    We've got Noah Healy, and he's the founder at Core Disk. When we got connected, I saw a professional algorithm developer and mathematician. Thanks for having me here.

    HOW ALGORITHMS GOT TO YOU

    "Needing a supply of food is what got me to where I am today " The easiest industry to get jobs in in the year 2000 was. startups. He says he has a natural facility for various parts of algorithms. There were plenty of false starts and errors along the way.

    POST-GRADUATION: THE NEED FOR COMPUTATION SKILLS

    Most powerful thing you can do with computers and with tasks is to develop programming languages. A lot of what I do is automating internal company processes, building languages around them. We're starting to see people foraying into this with the Chat GPT thing.

    AMAZON'S IMPACT ON THE MARKETS

    Amazon is one of the premier users of computational resources on Earth today. Now they're able to take that computing power and put it towards robotics, towards logistics, towards anything that's predictive. That completely changes the game for how we put our societies together.

    ECONOMIC NOISE AFFECTS THE MARKETS

    markets in present design are positive feedback systems. As the financial markets mature and you get into algorithmic trading, bots, stuff like that, it further exacerbates it. The more chaotic the markets are, the worse things are.

    HOW TO FIND CONSENSUS IN THE INTERNET

    I was interested in the problem of finding consensus in a networked scenario. There's a lot of work that's been done on how consensus and communication can happen in networked or unreliable circumstances. I think it's probably got some actual applications, and it's something I'd like to think about.

    CO-OP INNOVATION: WHAT'S THE PROCESS

    There are a handful of people attempting to set up markets that incorporate the technology. The technology is also there's some code that's up on GitHub that's under a Creative Commons license. I'm also fighting with the patent Office about getting a patent in the United States.

    ARE COMMODITIES BEING SET UP ON A BLOCKCHAIN?

    I am consulting with a couple of people who are trying to set up blockchain projects. The commodities market right now with supply chain constraints that are coming down the pike with the economy. By putting this in, the hope is that it increases the transparency allows.

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    Assets Under Management (AUM) PodcastBy Drake Scifers