Will the Blockchain Economy run on Bitcoin, Ethereum, or Central Bank Digital Currency?

Central Bank Digital Currencies

ConsenSys has been on a tear recently announcing 4 different CBDC projects on Ethereum infrastructure. Let’s briefly highlight those:

The Smart Money Economy

Let’s come back to Ant Financial. The world’s largest IPO of $34 billion was 870x oversubscribed. Ant is a fantastic story of innovation, global technology and payments progress, and the digital growth of Chinese small business. And yet, the Chinese authorities shut it down and are forcing the company to return money to investors.

What is a CBDC really?

Ant Financial succeeded by aggregating 80 million merchants on a payment rail with an operating system. PayPal succeeded by pulling together 25 million merchants across the Web. Apple succeeded by keeping a share of economic transactions across the mobile applications that it powered. What matters is not just the money, but what people do with it. And what they do with it is creativity, and the free exchange of goods and services.

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Lex Sokolin

Lex Sokolin

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Entrepreneur building next-gen financial services @Consensys @Autonofintech @Advisorengine, JD/MBA @columbia_biz, editor and artist @inkbrick