Making Markets with Prof. Scott Duke Kominers (HBS) & James Currier
The NFX Podcast
00:00
The Four Types of Trust Wrappers
The fourth category is trust wrappers. Trust wrappers create like a certification or, you know, a safe harbor that makes it possible to transact with people sort of in a way that has new forms of trust. Blockchains do this a lot by enabling you to transact securely with a party you don't necessarily know and see how all of your information was used. And as a result, again, just like in the GoFundMe case, we talked about,You know, that's a deterrent to malfeasance because the malfeasance is sort of like observed and directly.
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