Support the show, consider donating: 1MiCgB2bRo1kRgzHx2QbahX6vbmgTbxQ2H (http://bit.ly/1Yt7I2n) One of the foundational problems in payment networks is that they are mostly uninteroperable. This problem exists at all levels, from consumer payment solutions like PayPal, to national and multi-national banks. This complexity is brought on by the proprietary nature of payment networks, and moving value from one to another requires a negotiation between parties on which common payment network to use in a transaction. We saw similar problems in the early days of the Internet, assembled around protocols which allow for data to be routed and move between networks in a standardized way. We're joined by Stefan Thomas and Evan Schwartz, co-creators of Interledger. This neutral protocol would bring the same level of interoperability we know take for granted around the flow of data, to payments, thus allowing money to move freely across networks. A market maker, who holds accounts in both networks, would receive funds in escrow from a sender, and move funds to an escrow account with the receiver, getting paid by the sender when he shows the proof the funds were delivered to the receiver. Topics discussed in this episode: - What is Interledger and what problem is it trying to solve - Interledger's architecture - How connectors and routing works, and how we may compare it to the way data flows on the Internet - Cryptographic Escrow and its role in Interledger - Requirements for payment solutions to become Interledger compatible - Interledger's community group at the W3C - How Interledger applies to micropayments - Ripple's role in Interledger Links mentioned in this episode: - Interledger: https://interledger.org/ - Interledger Whitepaper: http://interledger.org/interledger.pdf - Interledger + WebTorrent - Demo by Evan Schwartz: https://www.youtube.com/watch?v=525Z7Ck0ffY - Interledger Architecture: https://stackedit.io/viewer#!provider=gist&gistId=f534bfb53dfffb980c66&filename=interledger-architecture.md - Interledger Github: http://github.com/interledger - Interledter Slideshare: http://slideshare.net/interledger - Ripple Labs: https://ripple.com/ - Episode 92 with Stefan Thomas: https://epicenterbitcoin.com/podcast/092/ Sponsors: - Hide.me: Protect your privacy and personal data with a free VPN account at Hide.me/epicenter Show notes: http://epicenterbitcoin.com/podcast/131 SoundCloud: http://soundcloud.com/epicenterbitcoin/eb-131 Epicenter Bitcoin is hosted by Brian Fabian Crain, Sébastien Couture & Meher Roy. - Visit our website: http://epicenterbitcoin.com - Subscribe to our newsletter: http://epicenterbitcoin.com/newsletter - Twitter: http://twitter.com/epicenterbtc

Support the show, consider donating: 17uszypdbeFaLgvmJAg23pLJYYhb5Wbp5z (http://bit.ly/2ar52EB) Blockchain smart contracts are self-executing contracts composed of computer code. These programs, which are executed by the entirety of the network, enforce the rules described within the code. Effectively, in this realm, code is law. And as we've seen recently, altering the outcome of that code after it has been deloyed, should we later realize that it was flawed or did not produce an intended result, can be messy. In addition, there are instances where human intervention can be necessary or even desirable. Take a mortgage agreement for example. Should a smart contract be entrusted with the responsibility of making a decision when the borrower can no longer make his payments? In cases such as this, subjective human intervention is be necessary. Scot Farrell and Claire Warren, lawyers at the global law firm King & Wood Mallesons, think that humans should not be automated out of every process. While code is logical and predictable, it cannot act reasonably or take into account certain unforeseen events. They have proposed DnA contracts (Digital and Analog), where automation can occur when absolute automation is possible, but where humans may intervene at the edges and provide input when needed. Topics we discuss in this episode: - What issues DnA contracts are trying to address - The basic concepts behind DnA contrats - The scenarios where DnA contracts may be valuable - Examples of DnA contracts applied to interest rate swaps and mortgages - How DnA contracts could be integrated with blockchain technologies - The impact of DnA contracts on legal services Links mentioned in this episode: - How to use humans to make “smart contracts” truly smart: http://www.kwm.com/en/knowledge/insights/smart-contracts-open-source-model-dna-digital-analogue-human-20160630 - DnA Contracts proposal on GitHub: https://github.com/KingandWoodMallesonsAU/Project-DnA Sponsors: - Jaxx: Wallets that Unify the Blockchain Experience Across Devices http://jaxx.io - Hide.me: Protect your privacy and personal data with a free VPN account at Hide.me/epicenter Show notes: http://epicenterbitcoin.com/podcast/142 SoundCloud: http://soundcloud.com/epicenterbitcoin/eb-142 Epicenter Bitcoin is hosted by Brian Fabian Crain, Sébastien Couture & Meher Roy. - Visit our website: http://epicenterbitcoin.com - Subscribe to our newsletter: http://epicenterbitcoin.com/newsletter - Twitter: http://twitter.com/epicenterbtc