Entrepreneurs: Exploring FinTech with Ajo
by Ajo Fod
Ajo sent me an email about another conference he attended yesterday and I thought I would share it with you.
Hi Miki,
I attended the Future of Money and Technology Conference hosted by Brian Zisk .
I was invited to the conference thanks to an introduction by Dave Park who runs recombinantinc.com. Recombinant is interesting by itself because they can synthesize new music from a sample of old melodies from an artist using an AI algorithms.
The conference has a great attendance with many high powered people such as Jon Jeswald from the Federal Reserve, Sheel Mohnot from 500 startups and Arvind Purushotham from Citi Ventures.
One interesting line of development has been the use of Bitcoin technologies for DRM.
One of the issues that the music industry faces is that it’s hard to track the owner of the rights to a piece of music – through divorces, inheritance, etc. This is a big mess because even though people want to pay for the music they play, the owners of the rights often don’t get the money.
So, many startups are working on different aspects of the bitcoin type blockchain technology to keep track of who owns these rights.
There are several companies that have similar but slightly different applications of the same general idea of keeping track of rights to digital assets using the blockchain algorithms for other types of assets. Blockstack.io headed by Peter Shiau was recently acquired by Digital Asset based on its success in using this technology in enterprise software.
Interesting world we live in.
Cheers,
Ajo.
Fascinating stuff, Fintech; one of the few areas that no matter how much I read I don’t understand — starting with bitcoin.
