Preview Mode Links will not work in preview mode

Ideas to Invoices

Aug 15, 2018

Cesare Fracassi is a Univerity of Texas McCombs School of Business associate professor of finance and he's the director of the newly formed Blockchain Initiative.

On this podcast, Fracassi discusses blockchain technology and UT's new program.

The Blockchain Initiative at Texas McCombs is focused on providing support to faculty to do research on blockchain technology, Fracassi said. It also provides students with opportunities to learn more about blockchain technology, he said. And it’s the nexus for blockchain technology to work with companies in Austin and San Antonio, he said.

Ever since humanity began, people have been using centralized ledgers to handle data. But in the last eight years, advancements in technology and cryptology have allowed people to create distributed ledgers, Fracassi said. It’s a network of nodes that must come to a consensus to figure out whether a transaction is valid or not, he said. It relies on a consensus algorithm to validate transactions, he said.