A few weeks ago I got chatting to Jesse Lund, Vice Pesident, IBM Blockchain and he very kindly agreed to do an AMA right here on Stellar Community. On the Monday the 21st of May at 1pm ET Jesse will be checking this thread and answering any questions that you have related to Stellar or cryptocurrency in general at IBM. Some background on Jesse: Jesse Lund is the Head of Blockchain, Financial Services Solutions at IBM. He leads IBM's blockchain market development, digital currency strategy, solutions engineering and client engagement for banking and financial services. Proof: I'd recommend you post your questions here in advance, especially if you're a new member as your first few posts will need to be approved before other users can see them. Lastly, thanks to Jesse and everyone else at IBM who helped make this happen 🎉

I'll kick it off! IBM seem to be getting a lot of attention over the past year or so related to cryptocurrency. Roughly how many people at IBM are working on blockchain related projects - and are most of these working on Stellar related projects?

What juicy info can you give us now that you couldn't in your last AMA?

Excited to see this initiative!

Have IBM considered sending out branded IBM and Stellar based apparel to community members to facilitate wider project adoption through physical peer to peer networking and marketing? All T shirts, hoodies, caps etc gratefully received ;)

Is there any correlation already with Mobius and IBM?

What problems will solve lightning network on stellar for IBM?

As the types and scale at which asset classes are unlocked through their digitization increases, do you foresee any potential issues with digital asset hostile takeovers/ attacks and if so is this something you advise adopters/organisations/asset digitizer's about or have any solutions for? A real estate token for example could provide for micro ownership and share of rental income but it could also be open to abuse if that ownership also carries with it voting rights as a 51% stakeholder would be able to vote in their preferred contractors, managing agents, tenants, rental amount or even force a sale.

IBM have a Catalyst Program for entrepreneurs , is there any chance it will get extended to Stellar based Projects ?

Hi Jesse, Thanks again for your willingness to answer questions regarding the work that you and your team are engaged in. I have a number of questions regarding tokenization of assets and digital identity. 1) What are some of the most significant challenges to tokenizing assets (e.g., central bank notes, real estate, stocks, bonds, etc.)? 2) What role does digital identity play in the tokenization of assets and the assignment of ownership? How is digital identity established in a blockchain context? (One example of an blockchain application that would require digital identification would be the association of a person and their credit score in order to obtain an auto loan) 3) I what ways will Sovrin (digital identity platform) be used to issue digital assets within the Universal Payments Solution and/or Hyperledger?

Hello Obi Lund, Firstly, I just saw the coffee bean-Maersk-IBM Blockchain commercial on ESPN; kudos to IBM marketing. I appreciate your knowledge of fintech so please feel free to delve deeply into the answers. Do you think banks will eventually buy up large amounts of digital currencies to maintain some sort of leveraged position in a decentralized world? If they don't then how will they survive? Are there any benefits to the United States creating it's own digital currency? When Lambo (Ferrari)?

AMA with Jesse Lund, Vice President, IBM Blockchain - 21st May 2018

brian

And another - Previously you have talked about digital assets and how this is a very good use case for cryptocurrencies - not Stellar. I strongly agree with this.

How long until we can trade gold, stocks, bonds, oil, and other asses, as easily as we change from xlm to mobi on the Stellar DEX?

Are you working with companies on any of these things right now?

I think it would be excellent to be able to buy gold, silver, or stocks, in 5sec and be able to pick it up if I want or just hold the token as long as the org. selling it is trusted.

brian

Hi again :slight_smile:,

can you tell us something about your work as VP of IBM Blockchain?

What do you do in a day? What is the things you really like about your job, challenges, and goals for yourself and IBM? Where does IBM want to be with crypto in 5 years? What does that world look like? I know Stellar wants to include many of the underserved and unbanked people of the world. This a part of IBM's vision as well? Making not just better product, but aiming to make the world more fair, better through your crypto initiative? If so, can you tell us something about how you are doing this now, and what you are planning on doing to achieve this outcome?

brian

Do you know anything more about a timeline for when the first bank will issue a currency via IBM on the Stellar network?

I think you've said earlier, this or next year is likely?

brian

I know IBM is working hard on Quantum computing, do you see this influencing your work with financial services, and if so in what ways?

Toni_Mas

Hi! I've read several times that the DLT of Stellar can't be considered Blockchain. How would you generically call it? Maybe something like FBA Validation Hash tree or FBA Validators Network?

Waggles

Thank you Obi-Lund for taking the time to do this AMA,

First question;

With your recent announcement of partnership with Veridium (congrats), are there any more examples of ICO's or tokenised commodoties in which could be in the pipeline to be based on the stellar network to build what you call, a 'tokenised economy'.

Second question;

As a business professional with a work history in management and improvement, how would you suggest for someone who is passionate about DLT, without a Computer science degree, to gain access into the blockchain professional world?

Thank you once again.

mikki

Hi Jesse. Nice to see you active here.

Could you please mention some strengths and weakenesses, from your and IBM’s point of view, of the Stellar Consensus Protocol (compared to other approaches, such as pow, pos, dpos)?

Cryptodan

How far off is the US from seeing government issued tokens-regardless if on the stellar network or else where

Cryptodan

What is the relationship between stellar (xlm) and hyper ledger? How frequently will payments in hyperledger be settled using xlm?

Cryptodan

Do you have any information regarding fairx? Launch date, product functions, etc

mrtpain

Will or has IBM come across any needs for any oracle services such as feeding data to the blockchain or needed access to outside data connected to smart contracts?

BGold

There are several Salesforce blockchain projects spinning up. Is Bluewolf or IBM encouraging them / acting as a consulting partner? Thanks!

jesselund

Okay friends, I'm getting my keyboard warmed up...

jamie

Hey @"Lumenaire"#7548, @"jesselund"#1255 will be replying right here on the forum 🎉 There's no live feed!

Lumenaire

Jesse, thank you so much for your amazing support for the Stellar community. Your cool laid back personality is a delight.

Can you please discuss if you think companies looking to be compliant in the US will be able to open new crypto exchanges inside of the next 3 months? I ask because I know regulations here may take a while to solidify.

Also, if you have time, do you think IBM’s Universal Payment Solution will be launched with the protections of a normal bank account such as insurance if your account is breached by theft or fraud?

jesselund

IBM has more than 1,000 professionals around the work working on more than 400 distinct blockchain related initiatives. I can't say that "most" are working on Stellar projects, but the primary DLT focus areas are Hyperledger Fabric, then Stellar (and maybe a little Ethereum)

jesselund

Ask me something juicy and we'll see!

camphero

What are 1 or 2 crypto projects, outside of the ones that you are directly involved in, that intrigue you?

jesselund

Ahhh... Chachkies-- great idea. IBM has some good schwag as does Stellar (still waiting for my Stellar T-shirt Lisa), so this isn't a bad idea. I'll talk to Marketing.

Lumenaire

What do you think about the Smartlands ICO on Stellar? Do you believe it will be successful? Do you think real estate assets will be cleared to be tokenized on this platform inside of 12 months?

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