This was a quote uttered earlier this week by Jack Dorsey as he sat down for an interview in Mountain View, California.
For those of you not familiar, Jack Dorsey is the CEO of Twitter, and also the CEO and founder of Square.
Specifically, Dorsey described blockchain technology as:
"The next big unlock... something that at first is normally applied to accounting terms, but has the potential to be applied to so much more."
Blockchain technology is often defined as a ledger, a giant accounting book that records transactions. A framework or backbone for transactions, with use cases for it analogous with apps on the internet.
Dorsey went a bit further, adding that...
"The ability to distribute and decentralize the ledger enables proof of work, and proof of one entity, in an untrusted network."
"There are so many problems we can help solve with blockchains that are just not related to finance, but finance is an obvious one."
He's not really saying anything that we don't already know, but it is nice to hear someone in his position echoing these same thoughts.
Bitcoin also came up in the interview.
Dorsey stated that his company, Square, has accepted Bitcoin as a form of payment since 2014.
He also stated that he himself has invested in Bitcoin for some time now, though he did not say how many coins he owns currently.
The most surprising part of the interview came towards the end when Dorsey said he has been contacted recently by a lot of family and friends asking him how they can buy bitcoins.
They say:
"Hey Jack, you are in the technology and finance industry, how can I get a hold of some bitcoins?"
I would imagine Dorsey is not the only person in the technology industry that is getting asked that by family members and friends. :)
It is a sign of the times that they are not asking about Twitter or Square, but instead are asking him how they can purchase some bitcoins.
Here's a crazy thought, what about a Twitter and Steem marriage?
By the way, have any of the higher ups here at Steemit given ol Jack a call about offering a way to monetize their users' content?
They have the users... and we have a way for them to monetize their content... could be a nice marriage, just sayin. ;)
Heck, it doesn't have to be Twitter...
Instagram, Snap, Reddit etc... Any of those large social media sites might be able to find a way to integrate steem into their massive user base.
Something exciting to think about.
Stay informed my friends!
Sources:
https://www.theverge.com/2017/8/11/16126610/square-twitter-founder-jack-dorsey-blockchain-bitcoin-banks
Image Sources:
https://qz.com/694784/nearly-a-year-later-jack-dorseys-twitter-shows-few-signs-of-a-successful-turnaround/
http://complianceandethics.org/a-game-changer-in-compliance/
