very hard to get transparency huge job persisting in the market so you you've got a market which is suddenly getting a lot of attention major players in zero two billion dollars of institutional capital flowed in the last few months and the infrastructure is still a mess and so our job is essentially to mid-wife the. mainstreaming of this asset class in a way which enables it to not blow up in pop because you know the wave the lack of liquidity in fragmentation comes months of volatility and did enables you know pension funds institutions to enter the space in a way that is safe and in a way that is aligned with their fiduciary responsibilities and just tell me from
your perspective for omega one in particular is it your goal to have liquidity not just your own liquidity at omega one as an exchange but then too i think the word you use is harvest liquidity from veriest digital currency exchanges around the world so ultimately you'll have unparalleled liquidity which will create a better price discovery that is better actual prices for investors and that's how it's going to work yes so the way i make it one works is exactly that we're going to be. liquidity pull ourselves for all of the members on a major one will be a a hybrid decentralized exchange and say well those words man and then it but if someone comes to trade as a member on our exchange and they don't find matching liquidity in the exchange immediately we're connected into all of the other crypto exchanges in the world and we just harvest the liquidity at cost price and serve it up to our members so it
won't cost members any additional transaction fee except two thousand harbors to when you harvest that liquidity that's correct if they match on our exchange they'll pay a small fee but they'll be getting a better price than they can in no where else in the market because one that should mid-market otherwise if they match outs from the public exchanges we're going to basically poss that through a cost so that we'll end up. probably being cheaper for most people will have better pricing on those exchanges and they well time now for a quick break but stick around because when we return we'll have more from the world economic forum in davos switzerland and here are the numbers at the closing bell.
a little first well it's only about the looking on the other end of the couldn't. pull to one of the ninety one columns on the wall. will. come. up you'll move up. everywhere in the world my guess is that probably just about everywhere women expect men to make that first move and here we. we are in an age where men are scared to make the first move don't know how to make the first move don't know what's right to make the first little. wormy over the. other.
which appears for just a second single family home sales fell last december to much lower levels than expected sales saw their single largest drop in more than a year and a half this is likely from the boost of replacement houses built in the wake of the hurricanes that ravaged the south in twenty seventeen economists estimated that the housing market would drop around eight percent instead sales numbers fell almost ten percent last december after sales grew by nearly seven percent in november this comes as jobless numbers also surprise many the number of jobless claims rose to around two hundred thirty three thousand still staying below the three hundred thousand threshold.
are just before we went to break parts sat down with alex gordon brander the c.e.o. of a mega one to talk about the history of the block chain and the future it might have now here's the second part of that interview well it's the theme here building a consensus in a for admitted world. here at davos the world economic forum how does block chain work into that how does this figure in blocking digital economy into a what is a pretty fragmented world won't take that on a couple of levels the you know the obvious sort of you know there's a low ball question there is there is that the block chain itself is a consensus mechanism the entire point of the block chain is
a way that actors in a distributed network can achieve consensus and the the real power of it is even if up to half of the act is in the distributed network a malicious act to try and break it the overall network achieves consensus so from purely technological perspective that's not sort of the question but of course you know alex technology is america all of our sociology and our interactions and so the very protocols the enable technological consensus are also mechanisms to achieve a kind of social consensus you expand on that just a little bit up to this point in history. really governments in all states and corporations have been sort of the primary modes by which human beings have been able to come together to achieve common aims
and the very nature of both nation states and corporations is that they are internally co-operative but externally competitive and there's a kind of. win lose dynamic the isn't naturally the case in sort of either nation state or corporate interactions what the blotching does is unable different kinds of social mechanisms to come together so you know i'll take an example of a protocol coins like file coin. which is a a protocol where people share spare hard drive space for other people who want to store their files. here is a mechanism way a community of people come together around a common purpose that has no corporation around it has very porous boundaries
people are investors in that work by virtue of also being participants in the network and this and this you know this is a very specific example but this can happen around community organization around social organization around the world when you bring together the different mechanisms for humans to interact socially and create consensus that have co-operative a network effect on them mix rather than competitive dynamics there's a really an opportunity to reshape the whole social fabric of humanity alex gordon brander c.e.o. of omega one rockstar at w.o.f. here really appreciate your time thank you for being with us are they pleasure thank you so much.
that one of the few things more exciting than the history of watching is the future of blah chain and its potential to grow and help around the world for a closer look at the heights that block chain might reach by managed to catch up with don tapscott author of the book chain revolution check that. and you can guess where we still are and we are most fortunate to be joined by a bestselling author he's written sixteen books including one we're going to discuss today blocked chain revolution we're joined by don tapscott done thank you so much for being here happy to be here and don can you put sort of block chain in historical perspective with regard to other technological innovations many of which you've written about over the years by the way how late to think about block chain is that this is the second era of the internet so for forty years we've had this internet of information and when i send you some information like a power point or i'm e-mail i'm actually sending you
a copy and that works great for information but when it comes to things that really matter for the economy assets things of value like money or stocks or bonds or intellectual property or loyalty points carbon credits music art vote sending a copy of those is a terrible idea and so. well and also if i send you a thousand dollars it's really important that i don't still have the money you know i can't spend or to send it somewhere else so cryptographers of called this the double spend problem and the way that we handle this in our economy is through big intermediaries banks governments credit card companies social media companies and they perform all of the sort of business and transaction logic of every type of commerce they identify who you are that's really a dollar they clear and settle transactions they keep records and they haven't been doing
a very good job especially since two thousand and eight when the core modus operandi of wall street almost brought down the whole global economy and done who you think will be the early adopters which sectors of the economy folks around the world who are going to be the ones that sort of embrace block change first well. it started in the financial services industry for good reason because that's the industry that deals with money and a lot of these sets and when you think about it the whole banking system is kind of like this rube goldberg machine you know this american engineer developed all these ridiculously complicated machines that would do a really simple thing like open a door crack an egg well you tap your card in a starbucks and a bunch of messages go through half a dozen companies each with ancient computer systems and then three days later a clearing and settlement occurs well if all of that were based on a single distributed leisure there would be no three day settlement period because
a payment a settlement is the same activity and there would be no counter party risk for each of those come that's what almost brought us down in two thousand and eight there would be no cost there would be no delay so the banks look at this and they think on the one hand this is a big threat this could disinter media a lot of what we do but on the other hand they think you know maybe this is also an opportunity not just to streamline the whole banking system but to start to create a whole bunch of new financial services and new customers done can you speak a little bit about the developing world a davos here we're we're all about not just the industrialized countries of course but how is blocked chain set to impact the developing world with regard to either the unbanked that we hear about a lot or others and developing world there are two billion people that are excluded from the global financial system so they're not really part of the economy and in
fairness to the banks it's not just because they can make money off them it's a lot of these people don't have an identity but they've got a super computer in their pocket so we can instantly use block change to bring them into the global financial system they won't be dealing with the bank they'll be dealing with all kinds of peer to peer financial service. as for collaborative lending and other stuff and you can just see an example of that venture capital in the last year has been completely turned on its head through these initial coin offerings which are bought chain crowdfunding campaigns they raise more money for early stage companies that all venture capital in the world so that gives somebody in africa an opportunity to get access to funding and that's just the tip of the iceberg then you've got big issues like land titles seventy percent of the people in the world won't in the developing world in one land don't have a valid title so you're in honduras and some dictator comes to power says i know
you got a piece of paper says you own your farm but my government computers says my friend owns your farm and this is happening or that actually happened and you put land titles on to a block chain this isn't a mutable ledger and no dictator no you know corrupt low level clerk in an indian land titles office can mess with that because these systems are infinitely more secure than the kinds of computer systems that we have today the way i like to describe it is a block chain is a highly processed thing it sort of like a chicken make nugget and to hack it it would be like turning this chicken egg not get back into it check it now somebody may be able to do that someday but for now it's going to be tough so those would be. two examples there are all kinds of others and talk about specifics with regard to some companies that are really
engaging in using blocked air b. and b. you know is one perhaps lift others well. these examples are part of the so-called sharing economy this is not a term to describe them because the reason they're successful is precisely because they don't share the. haggar gate all these services together and then they sell them and that's created a seventy five billion dollar corporation called google but what if google or air b.n. b. were just a distributed application and a bunch of smart contracts on a block chain so you're looking for a place and in the world economic forum which is tough to start a good thing to start right now for next year and there are these places available they all have ratings because a blog chain is a big kind of ledger it's a database if you click on the one you come back here a year later you open the door the smart contract initiate a partial payment to the owner you like the place you leave you shut the door the
full payment is made you rate it five star and nobody can mess with that unless they can turn the chicken nugget back into a check and all of this is done by software so what happens is that all of the owners of rooms and coaches and so on apartments sort of become a cooperative and you create a real sharing economy don tapscott author of block chain revolution and if you all want to read about it you can read about it in the new york review of books it's a fantastic review it's just out done thank you so much for being with us ok much as we should. all right that's going to do it for me here in d.c. but be sure to join us tomorrow as we bring you more action from the last day of the world economic forum including a speech from president donald trump he's the first sitting u.s. president to attend the conference since bill clinton back in two thousand and three watching i'm going to channel it send it over to bart for his final. that's
all for now check out boom bust that you tube dot com boom bust our teeth see it tomorrow from davos so on. four men are sitting in a car when the fifth gets shot in the head. all four different versions of what happened one of them is on the death row there's no way he could have done it there's no possible way because the list did not shoot around a corner. sufficient funds it's guaranteed returns that those being abused by the crooks are in the guarantee to shovel it a lot of toxic garbage that is ending up is a guaranteed job because at the end of the day a lot of these pension accounts not being cut back people who think that they had a pension are being told it's been run out you don't have
a pension anymore you're now flat broke you have to go out in the street and big for money go get addicted to heroin we don't want you anymore drop dead. it's a very rough furthur and you saw it's rough climates and you have to find to google for them if. it was gunshots going top them in so many friends they would have been going to have men and even not. don't think anything will pick up. you know i don't want to see it but a body in the true is ready to put you straight in the good. old to new good mood in which. you don't think about these movies so good on those you got three teams played and you know the another patient.
the. syrian president bashar al assad. warns activist groups the white helmets they would be wives not like terrorists if they refused to surrender. donald trump claims russia might interfere in the upcoming midterm elections to help his rivals the democrats as the issue of russian meddling remains divisive. meddling in the way that osama bin ladin meddled with the world trade center. and more than six hundred migrants forced their way into spain storming through a border fence between the country's north african.
i'm kate partridge and you're watching the latest headlines here totty international thank you for joining us. syrian president bashar al assad has issued an ultimatum to the activist group known as the white helmet spondon them terrorists they currently in the last rebel stronghold in syria which is surrounded by government forces. the fate of the white helmets will be the same is that any terrorist they have to pass on to lay down their arms and take advantage of the amnesty will be wiped out like other terrorists well the syrian president bashar al assad has reiterated his position on the white house it's being a controversial group now in the past he's regarded the white house mrs agents of western powers that have links to jihad this great finn he said that the world has
been warned of the group's dangers this comes as the syrian government has condemned the evacuation of the white house minutes from the south of the country and damascus has described the move as a criminal operation by israel and its tools but the israel defense forces said that they were acting on a request by the u.s. the u.k. and other european nations as well but the evacuees were taken to jordan by the i.d.f. on washington's request and it's thought that the plan was to evacuate around eight hundred white helmets and that family is but the number now seems to be about half of that and the number of them are expected to resettle in western countries such as canada germany and france tell us a bit more about this evacuation what was needed well at the moment the syrian army is currently advancing on one of the last rebel and centers in syria but this aside for the year is the white house myth groups have advertise themselves as a volunteer force and they get a huge funding from western countries and the groups also being praised by the west as well they've even received an offer for
a documentary but the group's been repeatedly accused of cooperating closely with jihad this groups and effectively serving as their media branch as well stage and rescue operations the social media as well so that all this all adds up to the controversy surrounding the great. debbie at all you saw with no they would bring cameras and explosives something to destroy for example this building here they'd find people in the streets and promise the money or food to say whatever they needed. to syrian first responders who risked their lives to save others in war torn aleppo the face of on relenting brutality heroes have emerged.
have to double and yet whenever food aid was brought into the white helmets and the rebels would take it all for themselves they give us nothing not even bread. they have all chosen to risk their lives to save others. when you see the little beach and when we go out to buy food we'd see them if there was a collapsed building after a shilling they cordoned off the area and save rebel fighters or people they cared about they would leave the civilians the same happened not far from here a building was destroyed in shelling and they came just to pull their own out as usual they lift the civilians. we've been able to get these brave people and their families out of syria after the extraordinary work they've done
saving lives the white helmets the nice people they held the rebels only did in save civilians the locals out for rebels. antiwar activist ken stone says western powers who are supporting the white helmets are fully aware of the threat posed by the group i don't think they're naive the people in the establishment they are interested party they know exactly what they're doing as in so far as the canadian government is concerned they brought the white house and most our representatives twice to canada told the establishment knows full well that this group is part of the arsenal of weaponry that is being used against illegally against the government of syria and they continue to give us money and they are telling them that they are conducting
they are saving syrian civilians well there are a lot of testimony from syrian civilians that their white helmets never help them so these people are not heroes but they are portrayed as heroes in the west if someone put it here one of my colleagues in the peace movement said they are the sugar coating on and off ugly and illegal war so the people at the top know exactly what they're doing but they're telling a different story to the ordinary people in the street. donald trump faces a major test of his presidency later this year at the midterm elections these are widely seen as a photo of confidence in any administration as artie's caleb maupin explains whether it's republicans or democrats u.s. politicians seem to know in advance who's to blame if results don't go their way. was so much did this and on capitol hill the democrats and republicans have finally
found something that they can agree on both parties now agree that the russians are coming more specifically they're coming to interfere in the twenty eight teen mid-term elections this is president trump i'm very concerned that russia will be fighting very hard to have an impact in the upcoming election based on the front the new president has been tougher on russia than me they will be pushing very hard for the democrats they definitely don't want trump and this is his old arch nemesis there are some tax experts and silicon valley valley with whom i have met who say that you know maybe what they'll do this next time is to really disrupt the actual election shut down the servers that you send results to interfere with the operation of voting machines because still too many of them are linked to the internet so there we are still very vulnerable russia's meddling in the midterm elections may just be a hypothesis at this point but the trumpet ministration from the department of
homeland security to the secretary of state are ready to fight the two thousand and eighteen mid-term elections remain a potential target for russian cyber and influence operations i think we should be absolutely prepared to assume that they will try to interfere in all fifty states we will not tolerate russian interference in our two thousand and eighteen elections we are planning and preparing as if they'll try again this fall and beyond now it hasn't happened yet but the retaliate tory sanctions to be imposed on russia are all set up by congress we're going to pursue russia's energy and financial sectors which oligarchs it's parastatal and it isn't my goal along with senator graham to make sure that we're protecting the united states the friend in the united states folks in washington d.c. are manning their battle stations all prepared to face an oncoming onslaught but what are they worried about. well it could be the twenty sixteen presidential elections let's not forget that james clapper the former director of national
intelligence said that in the twenty sixteen supposed intervention none of the vote tallies were in any way affected they did not change any kelley's or anything of that sort i mean you know we had knew we had no way of gauging. the impact that some of the intelligence community can't gauge the impact it had on the choices that you look through me furthermore it's not exactly clear who russia is supposedly going to be supporting now the democrats say that russia is going to be supporting donald trump but trump says that the pending kremlin subversion will be in support of the democrats why would he say that well because it makes just as what sense is what the democrats it was true everybody wants to blame another country for the problem you know the reason why thirty million americans don't have health care is nothing to do with russia that has everything to do with the enemies of america which by the way are in america acts on the military industrial complex
these are the enemies of america are tired government is bought it's legal bribery and they steal and cheat right out in the open americans car gobbling this up it's amazing you know we used to be afraid of russia because they had a communist ideology they're just kind of pressing that button on americans because we've been conditioned to be afraid of russia and their communism even though that our economy is that in war this will all be cleared up after the election whichever side loses can blame russia for it and after all it worked in the twenty sixteen presidential election for hillary clinton there is no reason that donald trump can't use it to his advantage caleb oppen r. t. washington d.c. . well earlier i asked legal and media analyst lionel and democratic political consultant we should goodstein wannabe issue of russian meddling is proving so divisive. liberal politicians frequently blame russia for various things as well if you believe that's the real cause of the problems in the us still there are other