Stemiverse 0053 – Mark Roper discusses the Blockchain and how this technology can help save the world

Mark Roper, co-founder of Royalti Blockchain Group Pty Ltd, and Dr. Peter Dalmaris, author of Maker Education Revolution

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.
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Show Notes

  • [00:00] Introduction – Introducing Mark Roper
  • [01:23] Peter and Marcus discuss secret projects, solar panels, and cryptocurrencies
  • [03:16] Mark Roper introduces himself and the Royalti Blockchain Group
  • [04:10] New tech entrepreneurship and developing a cryptocurrency mining organization – Initial Coin Offering (ICO)
  • [06:29] What determines the value of a cryptocurrency? Supply – Demand – Market Confidence
  • [08:27] Quantifiability vs. speculation and usability vs. Hype
  • [09:35] How are things changing currently in regards to cryptocurrency value?
  • [10:44] Why do we need cryptocurrencies? We need an economy based on value rather than debt
  • [13:39] Issues of the financial system that cryptocurrencies are being designed to solve
  • [14:43] Cryptocurrencies have (digital) asset value and are taxable based on capital gains
    • [15:47] Cryptocurrencies create access to resources
    • [16:13] Cryptocurrencies make it easier to allocate resources for emergencies
  • [20:14] Technological innovations will reduce energy consumption for mining
  • [21:11] How can cryptocurrencies help to address issues in developing countries?
  • [24:48] Transparency and accountability
  • [25:19] Government applications of the blockchain: the Republic of Georgia uses Exonum, a product from the Bitfury Group for their land registry
  • [28:03] Smart contracts and how they will change our lives ten years into the future
    • [29:18] Will smart contracts replace lawyers?
    • [30:15] How does a smart contract work?
    • [30:52] Example of a smart contract transaction
    • [36:17] Lawyers will have to redefine the kind of work that they do
    • [36:55] Digital rights management, the big area for lawyers – IP can be protected by the blockchain
  • [37:28] Applications of the blockchain in Education: Degree awarding and certifications
  • [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
  • [42:26] Security token offerings (STOs)
  • [49:13] Rapid Fire Questions
    • [49:45] What cryptocurrencies does Mark own?
    • [50:02] What cryptocurrencies does Mark recommend?
    • [52:06] How can teachers introduce the concept of cryptocurrencies and the blockchain to their students?
  • [56:20] Mark’s Contact Information: LinkedinFacebook
  • Other resources: Rachael Jones interviews Mark Roper for the Finance News Network (video included)
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