Decoding Hype Cycles: Brad Garlinghouse on Crypto and Tech
How can companies use technology to solve problems? Brad Garlinghouse believes it’s about embracing innovation. In this episode of Decoding Digital, he talks about his impressive career and shares insights into where growing companies commonly make mistakes. He also discusses cryptocurrency and how it will have a lasting impact on customers and businesses.Press play to hear Brad’s thoughts on…The Problem with Traditional Payments“It's amazing to me that you can stream video from the space station, but if you want to send money to me in London, that's going to take days to get there and it's going to cost you a fair number. And it's like, wait, how did we end up here? Where I can do all these things on an almost instantaneous basis, but I can't move my own money from point A to point B.” Disrupting the Middleman“Today, if you and I were going to transact, there has to be a middleman involved. Pick your middleman, but there's a middleman everywhere. With a blockchain we’re saying ‘Hey, take out the middleman. You can still transact. You can have certainty, but you don't have to have trust.’”The Power of Blockchain “I think if you want to impact the most people and really put a dent in the universe, how do we reach 99%? Not, how do we get the 1% using Bitcoin for payments to 2%, 3%. No, I'm going to go work with the major institutions, the major governments. And I'm going to introduce these technologies in such a way that they can have a broad impact on a broad cut of the population—the unbanked, the underbanked—in ways that I think are pretty profound.”