This interview is the long-form version of a conversation with David Birch, Director of Innovation, Consult Hyperion.

Clips from the interview

Resurgence of the notion of community
“Distribution and decentralization, provided you can regulate that, will lead to a democratization of capital. Where that will take us we don’t know. I think it will bring a resurgence of the notion of community.”

Real world and virtual world
“The Internet of Things and shared ledgers are somehow connected. The blockchain is much more like the real world where I can’t duplicate items, than the virtual world.”

New ways of regulating markets
“Savings in operation costs are nice, but the real thing is cutting regulatory cost by half. These costs are out of control.”

Better markets, translucent transactions
“Compliance costs are out of control. Some market participants make money off information asymmetry.”

New market structure
“The way many markets work now is a hack.”

The identity problem
“This has been around since the beginning of the Internet. Still, nobody knows whether you’re a dog or not. We need this fairly quickly because we’re about to put a gazillion devices online in the Internet of Things.”