717: Digital Storytelling, Blockchain, Cryptocurrency, Smart Contracts and Initial Coin Offerings (ICOs) with Cryptopreneur Dennis Lewis

Dennis Lewis is a seasoned digital storyteller, blockchain marketing specialist, and successful entrepreneur. He has led multiple startups to market and exit. Dennis is the author of the book "Behold the Cryptopreneurs," which aims to educate entrepreneurs about the potential of blockchain technology and how to leverage it in their businesses. Today, Dennis talks about the fundamentals of blockchain, its various applications beyond cryptocurrencies, and the challenges faced by blockchain startups.

Quotes

“Blockchain technology is nothing more than a really fancy bookkeeping system. It is an accounting system for keeping track of data and transactions.” - Dennis Lewis

“The idea that is most inspiring for most entrepreneurs is the idea of a smart contract. A smart contract is built on top of the blockchain, and it's just an algorithm. It's a computer program that embodies a contract.” - Dennis Lewis

“Don't let it overwhelm you. This is like any other technology. Yes, there's a learning curve. You may have to stretch yourself a little bit to really wrap your head around it, but it's not that hard. You'll get there.” - Dennis Lewis

Takeaways

03:06 Blockchain is a secure and distributed bookkeeping system that goes beyond just cryptocurrencies, with potential applications in healthcare, supply chains, and government transparency.

07:47 The blockchain industry has faced challenges with proper business practices, such as having the right agreements and managing resources effectively, which need to be addressed for the technology to reach its full potential.

15:36 Smart contracts, which are self-executing programs on the blockchain, can automate business processes and eliminate the need for intermediaries, improving efficiency and reducing risks.

18:43 Entrepreneurs should educate themselves on blockchain technology and consider how they can leverage it to improve their businesses, as it is a rapidly evolving field that will continue to grow in importance.

22:23 The book "Behold the Cryptopreneurs" by Dennis Lewis aims to provide insights and solutions for the blockchain industry, as well as educate entrepreneurs on the possibilities of this technology.

Resources

Podcast: Play in new window | Download (Duration: 23:41 — 21.9MB) | Embed

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Filed in: Archive 3: 2018-2020 • Interview • Podcast

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