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

  1. share
  2. services
  3. digital
  4. valley
  5. disruptors
  6. blockchain
  7. precisely
  8. payments
  9. handles
  10. 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 2
underlying technology 2
establish trust 2
digital age 2
social inequality 2
financial industry 2
previous block 2
financial services 2
prosperity number 2
analie domingo 2
mobile device 2
intellectual property 2

Important Words

  1. aggregate
  2. airbnb
  3. application
  4. big
  5. billion
  6. blockchain
  7. built
  8. call
  9. companies
  10. contracting
  11. corporation
  12. create
  13. criteria
  14. database
  15. digital
  16. disrupted
  17. disruptors
  18. distributed
  19. economy
  20. essentially
  21. fact
  22. find
  23. good
  24. handles
  25. helps
  26. idea
  27. identifies
  28. immutable
  29. lot
  30. lyft
  31. owned
  32. part
  33. party
  34. payments
  35. peers
  36. people
  37. powerful
  38. precisely
  39. prosperity
  40. rated
  41. rates
  42. rent
  43. reputation
  44. room
  45. sell
  46. services
  47. share
  48. sharing
  49. sift
  50. silicon
  51. successful
  52. system
  53. talk
  54. taskrabbit
  55. uber
  56. valley
  57. view
  58. wealth
  59. writers