28 min listen
Black Markets On The Blockchain
FromBlockchain 2025
ratings:
Length:
25 minutes
Released:
Jun 6, 2018
Format:
Podcast episode
Description
In 2017, Global Financial Integrity estimated the global drug industry added up to $652 billion of trade per year, making it the second biggest underground market after the $1.13 trillion of activity in the counterfeit and pirated goods market. When you add in the domestic and household economy of the world’s households, the subsistence economy, the barter economy, the volunteer economy, the “under the table” economy, the criminal economy and a few other smaller players, you get something that adds up to 3/4 of the world’s total economic activity. The formal economy – the territory of professional and paid work, of tax statements and GDP – is only 1/4 of the world’s total economic activity. In short, "black markets" make the world go round. What role will anonymous cryptocurrencies and decentralized marketplaces play in our transition to the information age?
Released:
Jun 6, 2018
Format:
Podcast episode
Titles in the series (60)
The Gambling Industry - FunFair, Virtue Poker: Traditional gambling hasn't changed much over the years. Trust, counterparty risk, inefficiency, regulation and fees continue to plague the gaming industry. We take a look at projects like FunFair and Virtue Poker. Gambling is one industry where... by Blockchain 2025