Episode: Lex Sokolin, a futurist and entrepreneur working on the next generation of financial services. He is the Global Fintech Co-Head at ConsenSys, a blockchain technology company building the infrastructure, applications, and practices that enable a decentralized world.
Insight: The entire financial infrastructure is being rebuilt from the ground up using decentralized finance (DeFi) technology. And it's happening in two big buckets. First, financial assets themselves, the asset classes, are being reborn as digital assets. The most prominent example is Bitcoin. And second, the infrastructures and rails that support the buying, selling, lending, and storing of financial assets is being rebuilt as distributed, permissionless software in smart contracts. This is not sci-fi stuff. It's here now. Ignore it at your own peril.