In Brief: Tokenizing fiat currency in a way that is compatible with our existing financial infrastructure and legislation is no easy feat. The consequences however reach across the entirety of industry, the economy, and society.
Nick Addison is the CTO of AgriDigital, an agricultural finance company first covered in episode 45 of TER. As part of his work at AgriDigital, Nick is researching ways to port the existing financial infrastructure into the blockchain age. It’s not easy, but as the inventory of tools grows, so do the number of possible solutions to the problems Nick has uncovered. In this episode we look at a prospective architecture for a Digital Australian Dollar (DAD), the problems with implementing that architecture and the consequences of making such a transition. It’s a great tour through the solution space of today.