In this video, Woods discusses the progression of blockchain technology from currency oriented tools to political – or “general decision-making” – machines, as well as the technological innovations underpinning this development.

Beginning with an overview of his own project, “a scalable, heterogeneous multichain,” he describes how various stakeholders in the crypto-ecosystem are building new systems for blockchains to communicate and compete with one another.

“Polkadot allows sovereign chains to interact without prejudice in a trustfree fashion,” Woods said. “That’s how I see mergers and acquisitions. That’s how I see Polkadot helping in this regard.”

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