How Smart Contracts Will Change the World | Olga Mack | TEDxSanFrancisco

Olga Mack is an experienced lawyer who developed a passion about the intersection of law and blockchain. In her talk she explains how smart contracts operates and why they matter. Lawyer, Adjunct Professor UC Berkeley, School of Law. Strategist at Quantstamp at the intersection of Blockchain and Smart Contracts. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at www.ted.com/tedx

[@thomasdixon8656]

This is gonna be one of those Ted talks that people are gonna regret not hearing about sooner

[@jimmyking92]

Checked

[@alfa77qwx13]

Already it is

[@fusion9619]

Already is. Now playing catch-up

[@kingkang6877]

Seeing this for the first time

[@suleymansayar8080]

@@alfa77qwx135 ,ž

[@chad2019]

good talks, just skip the intro and go directly to 4:15

[@emmaphilo4049]

Thanks

[@jodyisaacs1553]

Special place in heaven for you.

[@srebrnimedved]

Spasiba

[@vodahoe1967]

I enjoyed listening from the start to know who the person is presenting this powerful presentation.

[@hawkeye1448]

Thank you

[@kingmonras]

I am here on this video on 26 April 2021. See you in 10 years.

[@ReedoAce]

Make sure to set it as a calendar reminder ;)

[@kvetinacx]

see you here :D pass me a notification then :D

[@PeterParkerBushDid911KirbyPepe]

Amen brother

[@Jimo225]

which cryptos u investing in?

[@kvetinacx]

@@Jimo225 research all the smart contract platforms, they are all still in early stages and very cheap, even Ethereum is still cheap

[@clijeron1973]

It's so great to hear the many applications of Smart Contracts. This makes it a lot easier to understand this complex term. Thank you Olga !!

[@abmount1]

Great, and life changing 17 minutes... From second 01 to the end. Thanks, Olga Mack for this.

[@mumo]

This is the first explanation on smart contracts I have seen thats so simple and without any jargon.

[@guiAI]

One day when people start realizing the value in this, and when the paradigm changes and people will have to adapt to this new way of transactions, then this will get a lot more views.

[@tenminutetokyo2643]

One day when people realized how duped and enslaved they have become they will wish this never happened. Do you really want a central bank interferring in a private contract between you and someone else?

[@user-tz2vb4cn5f]

So what should i buy..? eth?

[@guiAI]

@@user-tz2vb4cn5f eth is a good long term investment. It is a coin of quality in all aspects

[@user-tz2vb4cn5f]

@@guiAI how about solana

[@guiAI]

@@user-tz2vb4cn5f i never heard about it

[@planecrazyish]

Great video. Really enjoyed listening to Olga. Really put it all across really well, for the average person, to get their head around this very important topic.

[@cdjwmusic]

This is the kind of talk that people really need to listen

[@carminavelasco2116]

Thanks for explaining smart contracts & blockchain precisely! I love how emerging techs are now alleviating our problems.

[@vincenzoc7008]

She didn't really explain anything.

[@0xrpj]

@@vincenzoc7008 I think you listened to the talk on mute.

[@zenowl3093]

Beautiful and the best description of smart contracts, thank you!!!

[@arifashaikh1411]

Very well explained from lawyers perspective ... Thank You Olga

[@kzac815]

The simplest explanation about blockchain and smart contract which I ever heard in my life so far.

[@tonyk4669]

Outstanding. Very well spoken and explained. Thank you.

[@s.k.6616]

Say the word Cardano. I am now in. Late to the game, but at least at the party.

[@washingtonluisgois9830]

It's never too late while we're alive. :D

[@fabiovieira4515]

Me too

[@darraghshiel8944]

You're very early my friend, definitely not late

[@s.k.6616]

@@darraghshiel8944 I am in for 25k coins

[@kvetinacx]

dont say you are late... they havent even launched their smart contracts yet :-)

[@user-ix4sj4qz7f]

Beautiful and the best description of smart contacts, thank you!!!!

[@mikehagen1484]

This whole time I was waiting for a talk on smart contacts lol. I still learned a lot about smart contracts. Thank you Olga.

[@WeRTheKfamily]

llmaooo

[@GBlunted]

Of all the monotonous TED talks on blockchain stuff, this is one of the better ones for sure... 👍🏽

[@vodahoe1967]

In depth and brilliant examples of how smart contracts resolve alot of issues that were otherwise impossible.

[@jacobmarley2417]

i disagree

[@sandroeugenio]

This is the best explanation I have recieved about the Smart Contracts!

[@cauebraga]

That's incredible. Big shout out to this woman, very nice examples of how Blockchain will be revolutionary and change for good people's lives.

[@glitterandguitaars]

This was phenomenal - thank you!

[@jotstar16]

Brilliant talk! Love her passion for Blockchain!🙏 it’s September 2021 now and the art she speaks of…NFTs… are selling for millions!🙌🔥🔥

[@enthamwonoose3116]

Yes!

[@jrmds2108]

Excellent prsentation with optimism for a future where news media is block-chained!!!!!

[@oscarmora347]

Cardano crypto will make smart contracts very affordable, and make more accessible for everyone around the world with its new Mary Hardford update.

[@tenminutetokyo2643]

And lead us all into slavery. Digital slavery.

[@christopher.j.m]

@@tenminutetokyo2643 you're absolutely right. we need all this info on paper

[@bahmak2003]

Cardano shillers and hypers unite!😂😂😂

[@Otobong_Peter]

Thank you so much Olga, insightful

[@vinay32724]

Olga delivered an awesome talk. I sometimes still question myself is smart contracts/blockchain the only way to solve this problem ? Are we solving a problem in a blockchain way rather than solving it in a much simpler way. Census, renting urban land in developed countries , matching kidneys etc are typically doesn’t sound like blockchain based problems for me. For me blockchain based problem basically should root from lack of trust on the service provider. One example is real estate in developing countries like India. In india , real estate registrations are done by the govt organisation. There are a ton of instances where people working in that organisations manipulate land records and register them to unwanted people in exchange of a bribe. Typically there is no transparency log available to verify the authenticity of chain of transactions and no way to validate double registrations. Insurance is another sector I believe the people are at mercy of the insurance (service) provider to get the claim processed rather than defined agreement. Probably solving these kind of problems are more impactful

[@progidy7]

"Smart contracts are amazing! They can take a census! Or you can rent your backyard to an urban farmer! Do a kidney swap! Pay artists!" She never explained *how*, or why it's better than the existing way of signing a contract. There's already ways of trusting other parties by making copies.

[@haarismemon]

Completely agree, I was thinking the same thing. She talked about different scenarios but never explained how smart contracts would be used to achieve them.

[@Slick_Bill_Tingle]

You can reneg on traditional contracts. Smart contracts you cannot.

[@jamesthomas1244]

Cardano will allow people to write smart contracts without programming skills. The user-friendly smart-contract network that the world needs.

[@usejasiri]

Even so, programming skills will always be necessary, imagine how you will tackle a problem with the system when maybe it collapses or simply has a bug.

[@zb7016]

@@usejasiri JamesThomas has a great point though, if u look up "the ocean,the island and the pond" , u will be happy that u have watched that vid ;)

[@srinivasanraghunathan8656]

Yes, Blockchain entities like Cardano, Dfinity, Brave Browser are going to make our world a functionally beautiful !

[@rbs4679]

good thing I invested on Cardano early this year 👌

[@anthonybeasley7076]

@@rbs4679 Indeed! I'm curious. Did you sell at the top of this last run? Or are you hodling through?

[@fj12n3]

As a developer, I don't think she sufficiently justified the need for blockchain/smart contracts in those examples. Based on her descriptions, they could easily be implemented without blockchain (with perhaps even less overhead)

[@Iamnotasuit]

I was thinking the same thing. Why do these scenarios need smart contracts?

[@dysonfilmstw4764]

@@Iamnotasuit Beacuse smart contracts don't require a third party. So there will be no trust issues unlike the traditional network, where you have to build a trust for the transaction to complete.

[@shansen008]

@@dysonfilmstw4764 Exactly, the decentralized nature of chains like Cardano, to use an example would eliminate the need for escrow companies for example in a real estate deal. The chain holds the transaction in a escrow account until the contract is fulfilled, then could deposit the money into the previous property owners wallet.

[@noneofyourbizness]

immutable ID for refugees ...can't think of another way of guaranteeing that ...especially at scale (and offering permanent, near global access to that ID for when they return home, post war/crisis) urban gardens: incorporating an immutable, trustless, highly secure and verifiable and individually tailored agreement between renter & owner would be absolutely essential in order to persuade owners to sign up their gardens . as well as to formalise the terms of access and to reassure home owners that leasing out a part of their property (garden) is safe and that they can terminate etc without dispute. would you let stranger/s access your garden 2 or 3 times a week without a background check and a binding contract to help protect you and your home? probably the cheapest, clearest , fairest tailored contractual agreements on earth.

[@nabhay583]

@@shansen008 How is it verified that the contract is fulfilled? Say there are 2 parties a buyer Alex & a Builder bob, and the Bob's building a home for Alex then Alex send the money in the chain. Now how is the transaction done?

[@michellekwambo]

What a great talk!

[@mercij7517]

Grateful to be watching this - the world will change

[@softwareprofessional7043]

SMART CONTRACTS : 1. They Store Rules. 2. The Verify/Validate Rules. 3. They Self Execute Rules

[@enthamwonoose3116]

Explained in a nutshell.

[@gbotemikomolafe1766]

Enlightening.

[@csantaniello]

I've never seen this before and it's beautiful. These are the reasons because I love Blockchain.

[@frankfromupstateny3796]

Nice job Olga. Cheers to you.

[@BrendanMetcalfe]

Amazing!

[@nhinternesch]

Does anyone know the name of the 2nd example (urban farming start up) she is referring to and whether it still exists?

[@abinthomas6390]

Getting the bigger picture of smart contracts makes it easier to understand and evaluate it.

[@MrSandmanatee]

so few views... we're still early friends

[@randybarrios8401]

I love you bro

[@claudioalancarcano9758]

great words, Olga!

[@tyogrady1541]

Some of her jokes in the intro are actually pretty good.

[@dreamyslopes2150]

the intro is good.. people hate humanness nowadays

[@sunnytoppo7466]

They are extremely cringe.

[@MedRider]

Nice speech. Straight from the book

[@hgiangphan]

This vid is more suitable for folks who don't necessarily have a technical background but want to learn about the technology (which is a wonderful thing!). Someone else with a technical background might be better of watching/reading more concrete, technical materials

[@enthamwonoose3116]

Can you suggest some? I'm a lawyer who is interested in tech

[@basilak9290]

Blockchain is the next Revolution 🔥

[@AlekieTush]

I wish I heard this earlier

[@conwayscorner5685]

I’m sitting here thinking the same thing😂 we still have time to get in though!!

[@AlekieTush]

@@conwayscorner5685 I think so too. I bought Cardano and I want to forget it for like 5yrs but I can't stop looking at the charts 📊 😂

[@henryknox7601]

You're still early

[@Skaz1hiphop]

that vending machine analogy... stealing that!

[@christiansantos7164]

6:20 smart contacts begin here.

[@manhoosnick]

Haha thanks

[@jgree89]

Buy Chainlink and wait.

[@alfa77qwx13]

For 50% loss

[@anymoose]

@@alfa77qwx13 LOL!!!!!!!!! EPIC

[@patgosner5591]

Keep up the good work son

[@elbing89]

❤️❤️

[@kathleensmith5217]

Wish I bought chain link 6 months ago.

[@bia1875]

Trying to understand.. thank you!

[@andrewlanham7914]

A good intro to smart contracts, though the examples do not make the need for smart contracts over existing technologies clear. Why is the decentralization and anonymity offered by smart contracts necessary in these examples?

[@argusfest]

Blockchain and SMART Contracts are going to micro-manage and control our lives beyond anything we can imagine. SMART is an acronym for: Self-Monitoring, Analysis, and Reporting Technology. This is about surveillance and control, not liberation. Life will increasingly become a series of conditional privileges you must earn based on criteria created by banks, corporations and governments. Think of enforcable automated terms and conditions on steroids. Of course a lawyer would be in support of this.

[@TheStubertos]

Considering we are entering an environmental crisis where our consumption will need to be massively controlled, I actually think what you just said helps the cause of SMART contracts ;)

[@frosty2660]

$link

[@happyinc8231]

Benito Maxwell literally none of these applications use ChainLink nor will they. Crazy how overhyped this project is.

[@tcajskatecrew]

SHHHH

[@Bane92]

Happy Inc damn this didn’t age well

[@stoffeh6547]

@@happyinc8231 big yikes. only the small company of google btw

[@duhbead]

@@happyinc8231 really didn't age well

[@courtcrea.]

Amazing talk.

[@bigchungus1886]

I really regret not watching this sooner

[@henryknox7601]

You're still early

[@FrankensteinintoFranken-FINE.]

There will be many smart contract platforms. Pokadot, ADA, ETH etc. Its getting in earlier now and investing in these projects would be the best thing you do for a long term investment for you and your family. Better than a pension.

[@NeilAC78]

I would not be so certain. There's a lot of regulation coming down the pipeline affecting these platforms with the FATF global virtual asset proposal. It's still a gamble at this stage.

[@Jimo225]

@@NeilAC78 i dont think gov will stop this train

[@NeilAC78]

@@Jimo225 It is very easy to stop this train. Watch what comes out of the recent Uniswap SEC investigation.

[@Jimo225]

@@NeilAC78 what is going to come out of it?

[@NeilAC78]

​@@Jimo225 The outcome is the SEC is going to find out that Ethereum facilitates more criminal activity than all of history combined. Unlicensed financial products, derivatives, money laundering NFTs, stablecoins and the infinite scams and ponzi schemes being created every day.

[@slodoco]

What is the difference between a smart contract and a real contract? Is the benefit just a better way of storing the contract? Does it depend on the network? What if the network crashes and fails? What is the carbon footprint of this? Olga Mack left me with more questions than answers. Which is a good thing.

[@swaspc7618]

Does anyone know the name of the decentralized art network in New York? 15:10m Thanks!

[@brockman562]

She made it easy to understand.

[@andrewstrilaeff5571]

A real good primer on smart contracts. Everyone please share this to increase the views.

[@notyouagain7220]

We’re getting closer and closer

[@Ricardo-bo8xv]

No me he enterao' de na'!! Muy atractivo, pero ni me he enterado de qué es un Smart Contract, ni cómo funciona y menos aún cómo llegaría a materializarse en todos esos fantásticos supuestos que nos ha presentado.

[@realestate360global3]

We are here Changing the world by Smart Contracts...Rocks

[@John-wx3zn]

I appreciated that. She is so nice.

[@27531]

Buy Ethereum and hold...

[@deveyonellis4556]

2022 I’m learning smart contracts on my Mac 😂 I’ll be one of the best!!!

[@nwakakizito4572]

How’s it going 💪

[@commandonut]

when you see the job post defi smart contract developer from my local banks. this is done. it's real now. thank you.

[@Bitch00Please]

Vechain is now @ $ 0.085 after a crash from $0.28. I hope the algos will guide me back to this video in 5 years

[@binetagueye4614]

Does anyone know the company she is talking about, the one that allow people to lend their garden for farming purpose ? Thanks

[@constantined9015]

Imagine a world that the government binds you with a smart contact from the time of your birth!!

[@analyzetheblock1157]

imagine a word with decentralized government

[@mrty22]

sounds like the rapture? hmmm

[@mjs2296]

They already do you're social security #

[@TheSpartan3669]

@@analyzetheblock1157 What does a decentralized government even mean?

[@paulcatoera]

@@TheSpartan3669 it means people vote on the rules not set by few

[@kellyannonline]

Great presentation, Olga! Tell us what you are up to today :-)

[@rolfschmitz5526]

Inspiring

[@TheStubertos]

I still don't understand how Smart contracts can do all these things better than the conventional technology we have today...Can someone please explain to me exactly why smart contracts can do these things? I was under the impression that this could already be done without smart contracts.

[@BenyThePooh2]

Smart contracts have a very narrow use. Give it 4/5 years and the hype will be over.

[@pierosciaudone7175]

Anyone knows what the smart contract-based social network for artists in NY's called?

[@hammerchu948]

Question: what is the benefit of decentralize the organs donator library over a more traditional way(one organization host that on their server)?

[@anaselbouziyani7864]

You see that's the point. anyone can host but not own data For instance manipulating data over xrp BC is a thread only if a pool own more than 33% ( so he would be able to write new data over new blocks sign them and send back to others, or alter data resign blocks and commit changes)

[@jeffroberts3384]

Cardano ADA is about to lift off!!!!!!!!🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀

[@terrellkendle]

Is she talking about chainlink???????

[@lahpiye5229]

The most advanced smartcontract at this moment is cardano

[@martinusapplegreen]

So interesting smart contracts are the future

[@terrytan1827]

Great talk and share about really great use cases. But as a developer, I think we can still develop it without using blockchain, which I think I still don’t fully get it. Can someone explain more on how it is better to develop using blockchain technically?

[@Zenith226]

well, idk why she said those examples but blockchain is veeeery god to save data its like the most secure tecnology atm so for transactions,id numbers or to save another important data is very useful. smart contracts are applications that save,send and receive data on ethereum using blockchain with consensus protocol

[@nabhay583]

How will you decentralize the trust required to make a bc entry? Without bc the only way to do it is via an intermediary, no?

[@dl662]

Think of it as functional programming, you trade off functionality for immutability, yet for some it’s a world changing feature!

[@pattersonellen]

Going mainstream. Creative Artists Agency (Hollywood PowerHouse) is now powering Theta token on its 15th node. Deal in the making for 1.5 years. Finally signed off last month. They represent Beyonce, Tom Cruise, David Beckham, Jennifer Lawrence and the list goes on. Tfuel needed to buy nft's. Tfuel staking 30th June.

[@GPbasketballCards]

I'm just starting

[@TheBarla]

Actual content in smart contacts starts at 4:15

[@hz7988]

great talk. ethereum blockchain is going to change the world

[@monettestephens7871]

Great talk Olga - I just came across!

[@radomiriz]

What is the name of the New York social network she refers to?

[@this_mfr]

"When I was 27 I went to the local 7/11 for a coca cola. You know how everyone LOVES coca cola?" *the one lady in the audience* BWAHAGAHHAHA "OHHH YEAAA!" 🤣🤪😜😂🤪😁

[@sriramakusu]

Incredible talk...

[@mikhailmcrae5924]

Imagine a world where providing all forms of business becomes too technical, monopolizing the entire market to big corporations.

[@Bala2289]

Good talk. Is that sansa and arya at 15:24?

[@patcronin1961]

Possibly 🤷🏻‍♂️

[@pacman0825]

*I'm glad i got into crypto when I did because it’s been a turning point for me financially, been my best decision so far*

[@stellaalien2105]

as someone who has learnt to be independent on my own I started my first investment plan with just a $1000 and now earning weekly income of $5000 in cryptocurrency exchange with my personal broker

[@sephir0th776]

Inspiring! do you think you can give me some advice on how to invest in a healthy way as you are doing?

[@stellaalien2105]

I will recommend my current trader Mrs Juan Stacy, i met her at a conference in USA and her strategies are earning a lot of profit for me

[@stellaalien2105]

*you can reach out to her on telegam.........*

[@stellaalien2105]

*investwithfxstacy1 is her user name.......*

[@sagarshrestha5800]

It's like a library keeping records but the records can't be changed and also provides answer/question like google search.

[@marvitmia]

Very interesting...

[@Bane92]

Smart contract talk and no mention of decentralized oracles? Did I miss it?

[@ittanbantan]

Here comes Cardano

[@brendandennis426]

@@ittanbantan Sean is talking about a different project. A secure middleware if you will. Shhhhh. ;)

[@lauriereid6514]

Profitable traders can't start all by themselves they start with experts first then while making profits learn how to be profitable

[@queenjones5692]

I believe that companies and billionaires money make profits by trading with expert traders

[@josephinerespect1860]

Making profits is not hard while investing with an expert

[@houstonlivine7627]

That is why I want to hire an expert Stephanie William she trades volatile forex market and bitcoin trading

[@elizabethjohn5938]

How many days does it take experts to make profits

[@evanslegend9709]

I've learnt that investment is the best way to preserve wealth

[@o.r.4248]

Polkadot is the way to go for smart contracts.

[@ashraynselani]

We. Are. Here. Peoples. Congratulations.

[@chadsmith2281]

Chainlink!

[@louisbademosi9250]

I find it so baffling that smart contracts and related technologies haven’t received more attention! It might just be a key part of yet another technological leap forward. Here’s to 2030, when dodgy websites can’t steal your money because a smart contract has bound them to the deal!

[@zagreb2012]

Buying Chainlink $Link and holding 😊

[@elbing89]

Tomislav B how much you think it will go up

[@Alexander-bp5qh]

@@elbing89 $10 absolute Top. You are too late

[@cupule_acorn]

Never too late, just buy some

[@Aaaaaaaaaaaaaaaaaa69]

I hope you still dont think itll only go up to $10....

[@TheTruthSeeker235]

Its at $13 right now

[@mattprieto7179]

Cardano is key