Episode 5: Blockchain 101: What Wall Street Needs to Know

Blockchain Basics: Understanding the Technology that Powers Digital Securities In this episode of Old Men New Money, Douglas Borthwick begins module two of the educational series on digital securities, focusing on blockchain technology. He explains what a blockchain is, its security features, and the differences between public and private blockchains. The episode covers the benefits of blockchain for finance, including instant settlement, fractional ownership, and programmable compliance. Borthwick emphasizes the importance of understanding the technology as major financial institutions implement blockchain strategies. He also discusses the economic models of various blockchains and highlights their adoption and risks. The concluding advice urges finance professionals to gain hands-on experience and follow thought leaders in the blockchain space. 00:00 Introduction to Module Two: Blockchain Technology 00:53 Understanding Blockchain Basics 01:38 The Importance of Blockchain in Finance 02:32 How Blockchain Settlement Works 03:39 Detailed Explanation of Blockchain Mechanics 06:16 Public vs. Private Blockchains 07:47 Smart Contracts and Their Impact 09:05 Blockchain's Advantages for Digital Securities 10:46 Decentralization and Its Significance 13:34 Performance and Scalability of Blockchains 15:00 Consensus Mechanisms Explained 16:11 Current Blockchain Adoption and Statistics 17:15 Risks and Challenges of Blockchain 18:22 Practical Steps to Engage with Blockchain 19:31 Conclusion and Next Episode Preview Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe