Innovation In Compliance With Tom Fox

What is blockchain, how does it work, and how can it apply to you? On the show we have Syed Hussain, the Global Chief Commercial Officer of BANKEX, a blockchain-based fintech company from New York City. They have an extraordinarily innovative tool, Securitization 2.0 Operating Systems for Capital Markets, and today, Syed tells us more about blockchain and how it can revolutionize the market.Blockchain: what is it, and why is it so revolutionary? This is the kind of technology that spans across humankind because it operates on two core foundations of human interaction: trust and incentivization. But blockchain technology allows us to make incentives a fungible resource that can be freely traded, facilitated by the trust that is systematically built in. That is, it allows us to digitize our assets  — i.e. anything that holds value, like art, or real estate, or copyrights, or even information — so that it’s freely tradable and traceable. Then, the ‘proof of asset protocol’ allows relevant parties