Oct 25, 2021
The future of trust via blockchain
Establishing trust between people and institutions is extremely important. But there are pitfalls to the current methods we all use to establish trust. Many people lack trust in huge centralized systems given their size, subsequent power, and lack of transparency. On the other hand, decentralized systems with democratizing ideas intended to build trust are often difficult to execute at scale, especially at the pace required to keep up with technological acceleration.
On this episode of Future of Tech, Eli Ben Sasson (@elibensasson), Co-Founder, President & Chairman of the Board at StarkWare (@starkwareltd), discusses his alternative approach, which involves using math in order to build trust. A math proof, he explains, can offer broad verification across a great amount of data between parties by checking the computation at specific points.
In layman’s terms, that means the issue of scalability is solved while also reducing cost. And these zero-knowledge proofs also provide the added benefit of privacy since there is no information shared about any of the parties involved beyond the computation. Most importantly, since the math is objective, correct, and verifiable trust among all parties increases. So what does this all mean for the future of trust in business and tech? Find out on this episode!