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Lex Sokolin, a CoinDesk columnist, is a futurist and entrepreneur working on the next generation of financial services. He is the Global Fintech Co-Head at ConsenSys, a blockchain technology company building the infrastructure, applications and practices that enable a decentralized world.
A decade ago, few people believed Elon Musk could pull off a manned space launch, just as skepticism surrounds fintech and crypto today. What can the financial industry learn from SpaceX, asks ConsenSys' Lex Sokolin.
Rather than build an alternative currency like Libra, Facebook should concentrate on building new infrastructure, like the open systems in the ethereum-DeFi space, says ConsenSys's Lex Sokolin.
Real disruption in financial services means creating new plumbing for transactions, not nicer apps on top of existing rails, says CoinDesk columnist Lex Sokolin.
Billions have gone into making the distribution of financial products easier. Nothing real has changed in the making of financial instruments, until now, says ConsenSys' Lex Sokolin.