Kathleen Breitman on Tezos

Kathleen Breitman and Christine Moy speak with Jen Wieczner (Fortune Magazine) about how blockchain is changing business.  Moy is the Blockchain Program Lead at J.P. Morgan Chase and Breitman is the Co-Founder of Tezos.

Their discussion includes blockchain application in terms of finance and banking and also touches upon women in technology.

According to their website, Tezos offers a formal process through which stakeholders can efficiently govern the protocol and implement future innovations. Further, the platform was designed to facilitate formal verification, which helps secure smart contracts and avoid buggy code. Tezos uses their own version or a proof-of-stake consensus algorithm, with the intention of giving every stakeholder the opportunity to participate in the validation of transactions on the network and be rewarded by the protocol for doing so.

Tezos is a smart contract platform similar to Ethereum. As opposed to more well known cryptocurrencies, such as Bitcoin, Tezos sees the future of cryptocurrency as an upgradable path to success.

Tezos has evolved via some controversy and like most cryptocurrencies and specific blockchains, long-term success is unproven.