How Smart Contracts Will Change the World | Olga Mack | TEDxSanFrancisco
Olga Mack is an experienced lawyer who developed a passion about the intersection of law and blockchain. In her talk she explains how smart contracts operates and why they matter. Lawyer, Adjunct Professor UC Berkeley, School of Law. Strategist at Quantstamp at the intersection of Blockchain and Smart Contracts. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at www.ted.com/tedx
Пікірлер: 625
This is gonna be one of those Ted talks that people are gonna regret not hearing about sooner
@jimmyking92
4 жыл бұрын
Checked
@alfa77qwx13
4 жыл бұрын
Already it is
@fusion9619
3 жыл бұрын
Already is. Now playing catch-up
@kingkang6877
3 жыл бұрын
Seeing this for the first time
@suleymansayar8080
3 жыл бұрын
@@alfa77qwx135 ,ž
good talks, just skip the intro and go directly to 4:15
@emmaphilo4049
4 жыл бұрын
Thanks
@jodyisaacs1553
4 жыл бұрын
Special place in heaven for you.
@srebrnimedved
4 жыл бұрын
Spasiba
@vodahoe1967
4 жыл бұрын
I enjoyed listening from the start to know who the person is presenting this powerful presentation.
@hawkeye1448
4 жыл бұрын
Thank you
One day when people start realizing the value in this, and when the paradigm changes and people will have to adapt to this new way of transactions, then this will get a lot more views.
@tenminutetokyo2643
2 жыл бұрын
One day when people realized how duped and enslaved they have become they will wish this never happened. Do you really want a central bank interferring in a private contract between you and someone else?
@user-tz2vb4cn5f
2 жыл бұрын
So what should i buy..? eth?
@guiAI
2 жыл бұрын
@@user-tz2vb4cn5f eth is a good long term investment. It is a coin of quality in all aspects
@user-tz2vb4cn5f
2 жыл бұрын
@@guiAI how about solana
@guiAI
2 жыл бұрын
@@user-tz2vb4cn5f i never heard about it
I am here on this video on 26 April 2021. See you in 10 years.
@ReedoAce
2 жыл бұрын
Make sure to set it as a calendar reminder ;)
@kvetinacx
2 жыл бұрын
see you here :D pass me a notification then :D
@PeterParkerBushDid911KirbyPepe
2 жыл бұрын
Amen brother
@Jimo225
2 жыл бұрын
which cryptos u investing in?
@kvetinacx
2 жыл бұрын
@@Jimo225 research all the smart contract platforms, they are all still in early stages and very cheap, even Ethereum is still cheap
This is the first explanation on smart contracts I have seen thats so simple and without any jargon.
It's so great to hear the many applications of Smart Contracts. This makes it a lot easier to understand this complex term. Thank you Olga !!
Great, and life changing 17 minutes... From second 01 to the end. Thanks, Olga Mack for this.
Imagine in the future we will have smart ted talks. It's like normal ted talks without someone wasting 10 minutes explaining a story from their past.
@robertm6188
2 жыл бұрын
Tedious
This is the kind of talk that people really need to listen
The simplest explanation about blockchain and smart contract which I ever heard in my life so far.
Great video. Really enjoyed listening to Olga. Really put it all across really well, for the average person, to get their head around this very important topic.
Thanks for explaining smart contracts & blockchain precisely! I love how emerging techs are now alleviating our problems.
@vincenzoc7008
2 жыл бұрын
She didn't really explain anything.
@0xrpj
2 жыл бұрын
@@vincenzoc7008 I think you listened to the talk on mute.
"Smart contracts are amazing! They can take a census! Or you can rent your backyard to an urban farmer! Do a kidney swap! Pay artists!" She never explained *how*, or why it's better than the existing way of signing a contract. There's already ways of trusting other parties by making copies.
@haarismemon
2 жыл бұрын
Completely agree, I was thinking the same thing. She talked about different scenarios but never explained how smart contracts would be used to achieve them.
@Slick_Bill_Tingle
Жыл бұрын
You can reneg on traditional contracts. Smart contracts you cannot.
Very well explained from lawyers perspective ... Thank You Olga
Say the word Cardano. I am now in. Late to the game, but at least at the party.
@washingtonluisgois9830
2 жыл бұрын
It's never too late while we're alive. :D
@fabiovieira4515
2 жыл бұрын
Me too
@darraghshiel8944
2 жыл бұрын
You're very early my friend, definitely not late
@s.k.6616
2 жыл бұрын
@@darraghshiel8944 I am in for 25k coins
@kvetinacx
2 жыл бұрын
dont say you are late... they havent even launched their smart contracts yet :-)
Beautiful and the best description of smart contracts, thank you!!!
Of all the monotonous TED talks on blockchain stuff, this is one of the better ones for sure... 👍🏽
As a developer, I don't think she sufficiently justified the need for blockchain/smart contracts in those examples. Based on her descriptions, they could easily be implemented without blockchain (with perhaps even less overhead)
@Iamnotasuit
3 жыл бұрын
I was thinking the same thing. Why do these scenarios need smart contracts?
@dysonfilmstw4764
3 жыл бұрын
@@Iamnotasuit Beacuse smart contracts don't require a third party. So there will be no trust issues unlike the traditional network, where you have to build a trust for the transaction to complete.
@shansen008
3 жыл бұрын
@@dysonfilmstw4764 Exactly, the decentralized nature of chains like Cardano, to use an example would eliminate the need for escrow companies for example in a real estate deal. The chain holds the transaction in a escrow account until the contract is fulfilled, then could deposit the money into the previous property owners wallet.
@noneofyourbizness
2 жыл бұрын
immutable ID for refugees ...can't think of another way of guaranteeing that ...especially at scale (and offering permanent, near global access to that ID for when they return home, post war/crisis) urban gardens: incorporating an immutable, trustless, highly secure and verifiable and individually tailored agreement between renter & owner would be absolutely essential in order to persuade owners to sign up their gardens . as well as to formalise the terms of access and to reassure home owners that leasing out a part of their property (garden) is safe and that they can terminate etc without dispute. would you let stranger/s access your garden 2 or 3 times a week without a background check and a binding contract to help protect you and your home? probably the cheapest, clearest , fairest tailored contractual agreements on earth.
@nabhay583
2 жыл бұрын
@@shansen008 How is it verified that the contract is fulfilled? Say there are 2 parties a buyer Alex & a Builder bob, and the Bob's building a home for Alex then Alex send the money in the chain. Now how is the transaction done?
Outstanding. Very well spoken and explained. Thank you.
This whole time I was waiting for a talk on smart contacts lol. I still learned a lot about smart contracts. Thank you Olga.
@WeRTheKfamily
Жыл бұрын
llmaooo
Cardano will allow people to write smart contracts without programming skills. The user-friendly smart-contract network that the world needs.
@usejasiri
4 жыл бұрын
Even so, programming skills will always be necessary, imagine how you will tackle a problem with the system when maybe it collapses or simply has a bug.
@zb7016
2 жыл бұрын
@@usejasiri JamesThomas has a great point though, if u look up "the ocean,the island and the pond" , u will be happy that u have watched that vid ;)
@srinivasanraghunathan8656
2 жыл бұрын
Yes, Blockchain entities like Cardano, Dfinity, Brave Browser are going to make our world a functionally beautiful !
@rbs4679
2 жыл бұрын
good thing I invested on Cardano early this year 👌
@anthonybeasley7076
2 жыл бұрын
@@rbs4679 Indeed! I'm curious. Did you sell at the top of this last run? Or are you hodling through?
Beautiful and the best description of smart contacts, thank you!!!!
In depth and brilliant examples of how smart contracts resolve alot of issues that were otherwise impossible.
@jacobmarley2417
2 жыл бұрын
i disagree
Excellent prsentation with optimism for a future where news media is block-chained!!!!!
That's incredible. Big shout out to this woman, very nice examples of how Blockchain will be revolutionary and change for good people's lives.
This is the best explanation I have recieved about the Smart Contracts!
This was phenomenal - thank you!
Cardano crypto will make smart contracts very affordable, and make more accessible for everyone around the world with its new Mary Hardford update.
@tenminutetokyo2643
2 жыл бұрын
And lead us all into slavery. Digital slavery.
@christopher.j.m
2 жыл бұрын
@@tenminutetokyo2643 you're absolutely right. we need all this info on paper
@bahmak2003
2 жыл бұрын
Cardano shillers and hypers unite!😂😂😂
Olga delivered an awesome talk. I sometimes still question myself is smart contracts/blockchain the only way to solve this problem ? Are we solving a problem in a blockchain way rather than solving it in a much simpler way. Census, renting urban land in developed countries , matching kidneys etc are typically doesn’t sound like blockchain based problems for me. For me blockchain based problem basically should root from lack of trust on the service provider. One example is real estate in developing countries like India. In india , real estate registrations are done by the govt organisation. There are a ton of instances where people working in that organisations manipulate land records and register them to unwanted people in exchange of a bribe. Typically there is no transparency log available to verify the authenticity of chain of transactions and no way to validate double registrations. Insurance is another sector I believe the people are at mercy of the insurance (service) provider to get the claim processed rather than defined agreement. Probably solving these kind of problems are more impactful
Thank you so much Olga, insightful
Brilliant talk! Love her passion for Blockchain!🙏 it’s September 2021 now and the art she speaks of…NFTs… are selling for millions!🙌🔥🔥
@enthamwonoose3116
2 жыл бұрын
Yes!
Grateful to be watching this - the world will change
Enlightening.
Getting the bigger picture of smart contracts makes it easier to understand and evaluate it.
I've never seen this before and it's beautiful. These are the reasons because I love Blockchain.
SMART CONTRACTS : 1. They Store Rules. 2. The Verify/Validate Rules. 3. They Self Execute Rules
@enthamwonoose3116
2 жыл бұрын
Explained in a nutshell.
What a great talk!
This vid is more suitable for folks who don't necessarily have a technical background but want to learn about the technology (which is a wonderful thing!). Someone else with a technical background might be better of watching/reading more concrete, technical materials
@enthamwonoose3116
2 жыл бұрын
Can you suggest some? I'm a lawyer who is interested in tech
Amazing!
Nice job Olga. Cheers to you.
great words, Olga!
Nice speech. Straight from the book
6:20 smart contacts begin here.
@manhoosnick
2 жыл бұрын
Haha thanks
A good intro to smart contracts, though the examples do not make the need for smart contracts over existing technologies clear. Why is the decentralization and anonymity offered by smart contracts necessary in these examples?
Buy Chainlink and wait.
@alfa77qwx13
4 жыл бұрын
For 50% loss
@anymoose
4 жыл бұрын
@@alfa77qwx13 LOL!!!!!!!!! EPIC
@patgosner5591
4 жыл бұрын
Keep up the good work son
@elbing89
4 жыл бұрын
❤️❤️
@kathleensmith5217
4 жыл бұрын
Wish I bought chain link 6 months ago.
Trying to understand.. thank you!
Does anyone know the name of the 2nd example (urban farming start up) she is referring to and whether it still exists?
A real good primer on smart contracts. Everyone please share this to increase the views.
so few views... we're still early friends
@randybarrios8401
3 жыл бұрын
I love you bro
What is the difference between a smart contract and a real contract? Is the benefit just a better way of storing the contract? Does it depend on the network? What if the network crashes and fails? What is the carbon footprint of this? Olga Mack left me with more questions than answers. Which is a good thing.
Blockchain and SMART Contracts are going to micro-manage and control our lives beyond anything we can imagine. SMART is an acronym for: Self-Monitoring, Analysis, and Reporting Technology. This is about surveillance and control, not liberation. Life will increasingly become a series of conditional privileges you must earn based on criteria created by banks, corporations and governments. Think of enforcable automated terms and conditions on steroids. Of course a lawyer would be in support of this.
@TheStubertos
2 жыл бұрын
Considering we are entering an environmental crisis where our consumption will need to be massively controlled, I actually think what you just said helps the cause of SMART contracts ;)
There will be many smart contract platforms. Pokadot, ADA, ETH etc. Its getting in earlier now and investing in these projects would be the best thing you do for a long term investment for you and your family. Better than a pension.
@NeilAC78
2 жыл бұрын
I would not be so certain. There's a lot of regulation coming down the pipeline affecting these platforms with the FATF global virtual asset proposal. It's still a gamble at this stage.
@Jimo225
2 жыл бұрын
@@NeilAC78 i dont think gov will stop this train
@NeilAC78
2 жыл бұрын
@@Jimo225 It is very easy to stop this train. Watch what comes out of the recent Uniswap SEC investigation.
@Jimo225
2 жыл бұрын
@@NeilAC78 what is going to come out of it?
@NeilAC78
2 жыл бұрын
@@Jimo225 The outcome is the SEC is going to find out that Ethereum facilitates more criminal activity than all of history combined. Unlicensed financial products, derivatives, money laundering NFTs, stablecoins and the infinite scams and ponzi schemes being created every day.
No me he enterao' de na'!! Muy atractivo, pero ni me he enterado de qué es un Smart Contract, ni cómo funciona y menos aún cómo llegaría a materializarse en todos esos fantásticos supuestos que nos ha presentado.
$link
@happyinc8231
5 жыл бұрын
Benito Maxwell literally none of these applications use ChainLink nor will they. Crazy how overhyped this project is.
@tcajskatecrew
4 жыл бұрын
SHHHH
@Bane92
4 жыл бұрын
Happy Inc damn this didn’t age well
@stoffeh6547
4 жыл бұрын
@@happyinc8231 big yikes. only the small company of google btw
@duhbead
4 жыл бұрын
@@happyinc8231 really didn't age well
when you see the job post defi smart contract developer from my local banks. this is done. it's real now. thank you.
I wish I heard this earlier
@conwayscorner5685
2 жыл бұрын
I’m sitting here thinking the same thing😂 we still have time to get in though!!
@AlekieTush
2 жыл бұрын
@@conwayscorner5685 I think so too. I bought Cardano and I want to forget it for like 5yrs but I can't stop looking at the charts 📊 😂
@henryknox7601
2 жыл бұрын
You're still early
I still don't understand how Smart contracts can do all these things better than the conventional technology we have today...Can someone please explain to me exactly why smart contracts can do these things? I was under the impression that this could already be done without smart contracts.
@BenyThePooh2
2 жыл бұрын
Smart contracts have a very narrow use. Give it 4/5 years and the hype will be over.
Great presentation, Olga! Tell us what you are up to today :-)
She made it easy to understand.
Blockchain is the next Revolution 🔥
Some of her jokes in the intro are actually pretty good.
@dreamyslopes2150
3 жыл бұрын
the intro is good.. people hate humanness nowadays
@sunnytoppo7466
2 жыл бұрын
They are extremely cringe.
Amazing talk.
that vending machine analogy... stealing that!
Great talk and share about really great use cases. But as a developer, I think we can still develop it without using blockchain, which I think I still don’t fully get it. Can someone explain more on how it is better to develop using blockchain technically?
@Zenith226
4 жыл бұрын
well, idk why she said those examples but blockchain is veeeery god to save data its like the most secure tecnology atm so for transactions,id numbers or to save another important data is very useful. smart contracts are applications that save,send and receive data on ethereum using blockchain with consensus protocol
@nabhay583
2 жыл бұрын
How will you decentralize the trust required to make a bc entry? Without bc the only way to do it is via an intermediary, no?
@dl662
2 жыл бұрын
Think of it as functional programming, you trade off functionality for immutability, yet for some it’s a world changing feature!
I really regret not watching this sooner
@henryknox7601
2 жыл бұрын
You're still early
I appreciated that. She is so nice.
It's like a library keeping records but the records can't be changed and also provides answer/question like google search.
Going mainstream. Creative Artists Agency (Hollywood PowerHouse) is now powering Theta token on its 15th node. Deal in the making for 1.5 years. Finally signed off last month. They represent Beyonce, Tom Cruise, David Beckham, Jennifer Lawrence and the list goes on. Tfuel needed to buy nft's. Tfuel staking 30th June.
We’re getting closer and closer
Is she talking about chainlink???????
@lahpiye5229
3 жыл бұрын
The most advanced smartcontract at this moment is cardano
Does anyone know the name of the decentralized art network in New York? 15:10m Thanks!
2022 I’m learning smart contracts on my Mac 😂 I’ll be one of the best!!!
@nwakakizito4572
Жыл бұрын
How’s it going 💪
Inspiring
We are here Changing the world by Smart Contracts...Rocks
Smart contract talk and no mention of decentralized oracles? Did I miss it?
@ittanbantan
3 жыл бұрын
Here comes Cardano
@brendandennis426
2 жыл бұрын
@@ittanbantan Sean is talking about a different project. A secure middleware if you will. Shhhhh. ;)
Question: what is the benefit of decentralize the organs donator library over a more traditional way(one organization host that on their server)?
@anaselbouziyani7864
2 жыл бұрын
You see that's the point. anyone can host but not own data For instance manipulating data over xrp BC is a thread only if a pool own more than 33% ( so he would be able to write new data over new blocks sign them and send back to others, or alter data resign blocks and commit changes)
Actual content in smart contacts starts at 4:15
Vechain is now @ $ 0.085 after a crash from $0.28. I hope the algos will guide me back to this video in 5 years
I would say when it comes to spent the federal dollars census it is not they priority precisely...
I'm just starting
So interesting smart contracts are the future
Imagine a world that the government binds you with a smart contact from the time of your birth!!
@analyzetheblock1157
3 жыл бұрын
imagine a word with decentralized government
@mrty22
2 жыл бұрын
sounds like the rapture? hmmm
@mjs2296
2 жыл бұрын
They already do you're social security #
@TheSpartan3669
2 жыл бұрын
@@analyzetheblock1157 What does a decentralized government even mean?
@paulcatoera
2 жыл бұрын
@@TheSpartan3669 it means people vote on the rules not set by few
Incredible talk...
Does anyone know the company she is talking about, the one that allow people to lend their garden for farming purpose ? Thanks
What is the name of the New York social network she refers to?
great talk. ethereum blockchain is going to change the world
Anyone knows what the smart contract-based social network for artists in NY's called?
Good talk. Is that sansa and arya at 15:24?
@patcronin1961
2 жыл бұрын
Possibly 🤷🏻♂️
Imagine a world where providing all forms of business becomes too technical, monopolizing the entire market to big corporations.
Great talk Olga - I just came across!
We. Are. Here. Peoples. Congratulations.
Profitable traders can't start all by themselves they start with experts first then while making profits learn how to be profitable
@queenjones5692
2 жыл бұрын
I believe that companies and billionaires money make profits by trading with expert traders
@josephinerespect1860
2 жыл бұрын
Making profits is not hard while investing with an expert
@houstonlivine7627
2 жыл бұрын
That is why I want to hire an expert Stephanie William she trades volatile forex market and bitcoin trading
@elizabethjohn5938
2 жыл бұрын
How many days does it take experts to make profits
@evanslegend9709
2 жыл бұрын
I've learnt that investment is the best way to preserve wealth
Start at 4:25 You’re welcome.
She never explained why these things cant be done already......just seems like these things can be done on the internet......"loan out ur garden for urban farming" .....why cant they just pay someone in dollars to do that?
@noneofyourbizness
2 жыл бұрын
see my replies to other comments, above. cheers
I find it so baffling that smart contracts and related technologies haven’t received more attention! It might just be a key part of yet another technological leap forward. Here’s to 2030, when dodgy websites can’t steal your money because a smart contract has bound them to the deal!
I'm new and trying to understand. Question. Can smart contracts eliminate fraud, such as identity fraud, mortgage fraud, etc?
@dl662
2 жыл бұрын
It can’t, but it can make the money stolen by fraudster irreversible.
I still don't understand how this is different than websites and applications we have today. In the urban farming example, I don't get exactly what smart contracts do. Can't you just have a website where you match people who want to farm & people who have backyard space to offer? What exactly does the smart contract assist with?
@Bubbalubagus
2 жыл бұрын
Absolutely nothing, you are wise to not fall for it.
@BenyThePooh2
2 жыл бұрын
Thank you ! Don't drink the Smart contract Kool aid - hype will pass .
What a woman 😍
Polkadot is the way to go for smart contracts.
I always wondered who are the people behind the networm of computers that can verify whether or not something is legit and worth filing in a ledger. Can one of them corrupt enough to influence the rest which is right and wrong?