【录播】TED区块链技术英文演讲 - Part4

12:37 Number three: the biggest flow of funds from the developed world to the developing world is not corporate investment, and it's not even foreign aid. It's remittances. This is the global diaspora; people have left their ancestral lands, and they're sending money back to their families at home. This is 600 billion dollars a year, and it's growing, and these people are getting ripped off. 13:05 Analie Domingo is a housekeeper. She lives in Toronto, and every month she goes to the Western Union office with some cash to send her remittances to her mom in Manila. It costs her around 10 percent; the money takes four to seven days to get there; her mom never knows when it's going to arrive. It takes five hours out of her week to do this. 13:30 Six months ago, Analie Domingo used a blockchain application called Abra. And from her mobile device, she sent 300 bucks. It went directly to her mom's mobile device without going through an intermediary. And then her mom looked at her mobile device — it's kind of like an Uber interface, there's Abra "tellers" moving around. She clicks on a teller that's a five-star teller, who's seven minutes away. The guy shows up at the door, gives her Filipino pesos, she puts them in her wallet. The whole thing took minutes, and it cost her two percent. This is a big opportunity for prosperity. 14:08 Number four: the most powerful asset of the digital age is data. And data is really a new asset class, maybe bigger than previous asset classes, like land under the agrarian economy, or an industrial plant, or even money. And all of you — we — create this data. We create this asset, and we leave this trail of digital crumbs behind us as we go throughout life. And these crumbs are collected into a mirror image of you, the virtual you. And the virtual you may know more about you than you do, because you can't remember what you bought a year ago, or said a year ago, or your exact location a year ago. And the virtual you is not owned by you — that's the big problem. 14:52 So today, there are companies working to create an identity in a black box, the virtual you owned by you. And this black box moves around with you as you travel throughout the world, and it's very, very stingy. It only gives away the shred of information that's required to do something. A lot of transactions, the seller doesn't even need to know who you are. They just need to know that they got paid. 15:19 And then this avatar is sweeping up all of this data and enabling you to monetize it. And this is a wonderful thing, because it can also help us protect our privacy, and privacy is the foundation of a free society. Let's get this asset that we create back under our control, where we can own our own identity and manage it responsibly. 15:44 Finally — 15:45 (Applause) 15:51 Finally, number five: there are a whole number of creators of content who don't receive fair compensation, because the system for intellectual property is broken. It was broken by the first era of the internet. Take music. Musicians are left with crumbs at the end of the whole food chain. You know, if you were a songwriter, 25 years ago, you wrote a hit song, it got a million singles, you could get royalties of around 45,000 dollars. Today, you're a songwriter, you write a hit song, it gets a million streams, you don't get 45k, you get 36 dollars, enough to buy a nice pizza. 16:31 So Imogen Heap, the Grammy-winning singer-songwriter, is now putting music on a blockchain ecosystem. She calls it "Mycelia." And the music has a smart contract surrounding it. And the music protects her intellectual property rights. You want to listen to the song? It's free, or maybe a few micro-cents that flow into a digital account. You want to put the song in your movie, that's different, and the IP rights are all specified. You want to make a ringtone? That's different. She describes that the song becomes a business. It's out there on this platform marketing itself, protecting the rights of the author, and because the song has a payment system in the sense of bank account, all the money flows back to the artist, and they control the industry, rather than these powerful intermediaries. Now, this is — 17:21 (Applause) 17:26 This is not just songwriters, it's any creator of content, like art, like inventions, scientific discoveries, journalists. There are all kinds of people who don't get fair compensation, and with blockchains, they're going to be able to make it rain on the blockchain. And that's a wonderful thing. 17:47 So, these are five opportunities out of a dozen to solve one problem, prosperity, which is one of countless problems that blockchains are applicable to. 18:02 Now, technology doesn't create prosperity, of course — people do. But my case to you is that, once again, the technology genie has escaped from the bottle, and it was summoned by an unknown person or persons at this uncertain time in human history, and it's giving us another kick at the can, another opportunity to rewrite the economic power grid and the old order of things, and solve some of the world's most difficult problems, if we will it. 18:38 Thank you. 18:40 (Applause)