Hello,

We noticed you're browsing in private or incognito mode.

To continue reading this article, please exit incognito mode or log in.

Not an Insider? Subscribe now for unlimited access to online articles.

  • Jake Belcher
  • Connectivity

    The world needs blockchains that blend idealism with pragmatism

    Amber Baldet discusses how to create applications that will truly disrupt the global economy while making life better for everyone

    Blockchain has no shortage of cheerleaders, but there’s no consensus on how this technology should be deployed to create real, lasting change. 

    While running the blockchain program for JPMorgan Chase, Amber Baldet got an up-close look at how central bankers, big financial institutions, and cryptocurrency enthusiasts think about the technology’s potential to change global commerce. There were—and are—no shortage of boosters, but actually implementing a better system is a bit trickier.

    Speaking onstage today at MIT Technology Review’s Business of Blockchain conference, Baldet outlined how exciting new developments in the field can be balanced to build applications that could very well revolutionize the way transactions work in the digital age. In particular, she described how zero-knowledge proofs, a mind-bending mathematical approach to information privacy, can be integrated into all sorts of business transactions—and explained why everyone from car dealerships to big institutions like banks might want that.

    In the end, she said, the idealistic fervor around blockchains is a good thing: the technology itself, as well as the new software layers people are building around blockchains, can indeed change the world. We just need to make sure that when they do, it’s a world we want to live in.

    Meet the Experts in AI, Robotics and the Economy at EmTech Next.

    Learn more and register
    Business of Blockchain 2018 coverage
    Want more award-winning journalism? Subscribe to Insider Plus.
    • Insider Plus {! insider.prices.plus !}*

      {! insider.display.menuOptionsLabel !}

      Everything included in Insider Basic, plus the digital magazine, extensive archive, ad-free web experience, and discounts to partner offerings and MIT Technology Review events.

      See details+

      Print + Digital Magazine (6 bi-monthly issues)

      Unlimited online access including all articles, multimedia, and more

      The Download newsletter with top tech stories delivered daily to your inbox

      Technology Review PDF magazine archive, including articles, images, and covers dating back to 1899

      10% Discount to MIT Technology Review events and MIT Press

      Ad-free website experience

    /3
    You've read of three free articles this month. for unlimited online access. You've read of three free articles this month. for unlimited online access. This is your last free article this month. for unlimited online access. You've read all your free articles this month. for unlimited online access. You've read of three free articles this month. for more, or for unlimited online access. for two more free articles, or for unlimited online access.