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One of the sectors which is ripe for disruption is the real estate industry. In the US for instance, a handful of historic and very powerful players operate what is known as MLS, or Multiple Listing Services, and hold unofficial monopolies on residential and commercial real estate listings. Brokers, who depend on these listing services to sell properties, agree that their incumbent positions have created a situation where fees have continued to rise, while little to no added value has been added for their users.
Stephen King and Russel McLernon join us to explain RexMLS, a decentralized Multiple Listing Service built on Ethereum and IPFS. Currently in beta, the DApp would allow brokers to list properties at a very low cost, and be accessible to international markets, something which is lacking in the current model.
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This episode is hosted by Meher Roy and Sébastien Couture. Show notes and listening options: epicenter.tv/145
From BitShares to his central role during the inception of Ethereum Charles Hoskinson has continually influenced key projects in the blockchain and cryptocurrency space. After departing the Ethereum project in 2014, he has recently stepped back into the limelight by pledging support and resources to turn the fledgling Ethereum fork ETC into a viable project.
Charles joined us together with Alex Chepurnoy, a developer at his company IOHK. Besides Ethereum Classic, we talked about IOHK and Scorex, IOHK’s modular blockchain framework project that Alex Chepurnoy has been leading.
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This episode is hosted by Brian Fabian Crain and Meher Roy. Show notes and listening options: epicenter.tv/144
Prediction markets are fascinating financial instruments which have proven to be accurate at making predictions on things like the outcome of elections, geopolitical events and sporting events. But in our heavily regulated financial world, they are the subject of much controversy. In 2013 for instance, a well-known US prediction market, Intrade, was forced to shut down following a civil suit filed by the CFTC. While some people consider prediction markets to be a useful tool for society, others consider them to be a form of gambling, which is one of the reasons why they have been met with such resistance in certain countries. A purely decentralized prediction market would operate outside the scope of the regulated financial world and be resistant to censorship and outside intervention.
We’re joined by Joey Krug, Co-Founder and Core Developer at Augur, a decentralized prediction market built on Ethreum. The project, which was initially meant to be a Bitcoin sidechain, has ported to Ethereum and is currently in beta on the Testnet. Users can forecast real-world events, such as the outcome of the US election, and earn profits if they are accurate in their predictions. Reporting on events is crowdsourced using a consensus-based system similar to proof-of-stake.
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This episode is hosted by Brian Fabian Crain and Sébastien Couture. Show notes and listening options: epicenter.tv/143
Blockchain smart contracts are self-executing contracts composed of computer code. These programs, which are executed by the entirety of the network, enforce the rules described within the code. Effectively, in this realm, code is law. And as we’ve seen recently, altering the outcome of that code after it has been deloyed, should we later realize that it was flawed or did not produce an intended result, can be messy. In addition, there are instances where human intervention can be necessary or even desirable. Take a mortgage agreement for example. Should a smart contract be entrusted with the responsibility of making a decision when the borrower can no longer make his payments? In cases such as this, subjective human intervention is be necessary.
Scot Farrell and Claire Warren, lawyers at the global law firm King & Wood Mallesons, think that humans should not be automated out of every process. While code is logical and predictable, it cannot act reasonably or take into account certain unforeseen events. They have proposed DnA contracts (Digital and Analog), where automation can occur when absolute automation is possible, but where humans may intervene at the edges and provide input when needed.
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Episode links:
This episode is hosted by Meher Roy and Sébastien Couture. Show notes and listening options: epicenter.tv/142
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