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In this episode, Dr. Peter Dalmaris and Marcus Schappi talk with Mark Roper.
Mark Roper is a strategic thinker, entrepreneur, and lecturer who enjoys working at the leading edge, envisioning solutions to real-world problems and taking action to make these solutions a reality.
Mark is a co-founder of Royalti Blockchain Group Pty Ltd, an Australian-based blockchain training and consulting company. In that capacity, we invited Mark to have a discussion with us, in which we explore the Blockchain and the ways by which it promises to change the world.
This is Stemiverse Podcast episode 53.
Stemiverse podcast is brought to you by Tech Explorations, a leading provider of educational resources for Makers, STEM students, and teachers. Go to techexplorations.com to see a complete list of our books and courses covering the Arduino, Raspberry Pi, and electronics.
Show Notes
- [spp-timestamp time=”00:00″] Introduction – Introducing Mark Roper
- [spp-timestamp time=”01:23″] Peter and Marcus discuss secret projects, solar panels, and cryptocurrencies
- [spp-timestamp time=”03:16″] Mark Roper introduces himself and the Royalti Blockchain Group
- [spp-timestamp time=”04:10″] New tech entrepreneurship and developing a cryptocurrency mining organization – Initial Coin Offering (ICO)
- [spp-timestamp time=”06:29″] What determines the value of a cryptocurrency? Supply – Demand – Market Confidence
- [spp-timestamp time=”08:27″] Quantifiability vs. speculation and usability vs. Hype
- [spp-timestamp time=”09:35″] How are things changing currently in regards to cryptocurrency value?
- [spp-timestamp time=”10:44″] Why do we need cryptocurrencies? We need an economy based on value rather than debt
- [spp-timestamp time=”13:39″] Issues of the financial system that cryptocurrencies are being designed to solve
- [spp-timestamp time=”14:43″] Cryptocurrencies have (digital) asset value and are taxable based on capital gains
- [spp-timestamp time=”15:47″] Cryptocurrencies create access to resources
- [spp-timestamp time=”16:13″] Cryptocurrencies make it easier to allocate resources for emergencies
- [spp-timestamp time=”20:14″] Technological innovations will reduce energy consumption for mining
- [spp-timestamp time=”21:11″] How can cryptocurrencies help to address issues in developing countries?
- [spp-timestamp time=”24:48″] Transparency and accountability
- [spp-timestamp time=”25:19″] Government applications of the blockchain: the Republic of Georgia uses Exonum, a product from the Bitfury Group for their land registry
- [spp-timestamp time=”28:03″] Smart contracts and how they will change our lives ten years into the future
- [spp-timestamp time=”29:18″] Will smart contracts replace lawyers?
- [spp-timestamp time=”30:15″] How does a smart contract work?
- [spp-timestamp time=”30:52″] Example of a smart contract transaction
- [spp-timestamp time=”36:17″] Lawyers will have to redefine the kind of work that they do
- [spp-timestamp time=”36:55″] Digital rights management, the big area for lawyers – IP can be protected by the blockchain
- [spp-timestamp time=”37:28″] Applications of the blockchain in Education: Degree awarding and certifications
- [spp-timestamp time=”39:11″] Other areas that will forever be affected by the blockchain: Medical records (e.g. My Health Record, by the Australian Department of Health) – Records on the blockchain are tamper-proof and cannot be hacked
- [spp-timestamp time=”42:26″] Security token offerings (STOs)
- [spp-timestamp time=”43:52″] Example of an STO: The Great Keppel Island Development
- [spp-timestamp time=”49:13″] Rapid Fire Questions
- [spp-timestamp time=”49:45″] What cryptocurrencies does Mark own?
- [spp-timestamp time=”50:02″] What cryptocurrencies does Mark recommend?
- [spp-timestamp time=”52:06″] How can teachers introduce the concept of cryptocurrencies and the blockchain to their students?
- [spp-timestamp time=”56:20″] Mark’s Contact Information: Linkedin, Facebook
- Other resources: Rachael Jones interviews Mark Roper for the Finance News Network (video included)