full transcript
From the Ted Talk by Don Tapscott: How the blockchain is changing money and business
Unscramble the Blue Letters
Secondly: a lot of writers talk about Uber and Airbnb and tkbisrbaat and Lyft and so on as part of the sharing economy. This is a very powerful idea, that peers can come together and create and share wealth. My view is that ... these companies are not really sharing. In fact, they're successful pcirsleey because they don't shrae. They aggregate srcieves together, and they sell them. What if, rather than Airbnb being a $25 billion corporation, there was a distributed application on a blockchain, we'll call it B-Airbnb, and it was essentially owned by all of the people who have a room to rent. And when someone wants to rent a room, they go onto the bkoacclihn database and all the criteria, they sift through, it helps them find the right room, and then the blockchain helps with the contracting, it identifies the party, it handles the pmaeytns just through ditgail payments — they're built into the system. And it even hnelads reputation, because if she rates a room as a five-star room, that room is there, and it's rated, and it's immutable. So, the big sharing-economy dpoustrris in Silicon vellay could be disrupted, and this would be good for prosperity.
Open Cloze
Secondly: a lot of writers talk about Uber and Airbnb and __________ and Lyft and so on as part of the sharing economy. This is a very powerful idea, that peers can come together and create and share wealth. My view is that ... these companies are not really sharing. In fact, they're successful _________ because they don't _____. They aggregate ________ together, and they sell them. What if, rather than Airbnb being a $25 billion corporation, there was a distributed application on a blockchain, we'll call it B-Airbnb, and it was essentially owned by all of the people who have a room to rent. And when someone wants to rent a room, they go onto the __________ database and all the criteria, they sift through, it helps them find the right room, and then the blockchain helps with the contracting, it identifies the party, it handles the ________ just through _______ payments — they're built into the system. And it even _______ reputation, because if she rates a room as a five-star room, that room is there, and it's rated, and it's immutable. So, the big sharing-economy __________ in Silicon ______ could be disrupted, and this would be good for prosperity.
Solution
- share
- services
- digital
- valley
- disruptors
- blockchain
- precisely
- payments
- handles
- taskrabbit
Original Text
Secondly: a lot of writers talk about Uber and Airbnb and TaskRabbit and Lyft and so on as part of the sharing economy. This is a very powerful idea, that peers can come together and create and share wealth. My view is that ... these companies are not really sharing. In fact, they're successful precisely because they don't share. They aggregate services together, and they sell them. What if, rather than Airbnb being a $25 billion corporation, there was a distributed application on a blockchain, we'll call it B-Airbnb, and it was essentially owned by all of the people who have a room to rent. And when someone wants to rent a room, they go onto the blockchain database and all the criteria, they sift through, it helps them find the right room, and then the blockchain helps with the contracting, it identifies the party, it handles the payments just through digital payments — they're built into the system. And it even handles reputation, because if she rates a room as a five-star room, that room is there, and it's rated, and it's immutable. So, the big sharing-economy disruptors in Silicon Valley could be disrupted, and this would be good for prosperity.
Frequently Occurring Word Combinations
ngrams of length 2
collocation |
frequency |
social media |
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underlying technology |
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establish trust |
2 |
digital age |
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social inequality |
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financial industry |
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previous block |
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financial services |
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prosperity number |
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analie domingo |
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mobile device |
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intellectual property |
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Important Words
- aggregate
- airbnb
- application
- big
- billion
- blockchain
- built
- call
- companies
- contracting
- corporation
- create
- criteria
- database
- digital
- disrupted
- disruptors
- distributed
- economy
- essentially
- fact
- find
- good
- handles
- helps
- idea
- identifies
- immutable
- lot
- lyft
- owned
- part
- party
- payments
- peers
- people
- powerful
- precisely
- prosperity
- rated
- rates
- rent
- reputation
- room
- sell
- services
- share
- sharing
- sift
- silicon
- successful
- system
- talk
- taskrabbit
- uber
- valley
- view
- wealth
- writers