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

jesselund

Hah! Given that it takes most banks at least a year to do any kind of core banking system integration, I'd have to say, probably not, but I remain hopeful.

jesselund

I like it. It looks really cool. I don't see why real estate assets (simple titles) can't be tokenized now!

WhenXLM

Obi Lund, Do you think the Stellar leadership team is doing enough to promote the Stellar network? Kind-a-like how you seem to be out and about and passionate?

WhenXLM

Obi Lund, Are you going to see "Solo"? If you so, do you do the dine-in and drink theater or regular movie?

jesselund

On a platform like Stellar where token issuance is a snap (look at Jed's post from two years ago), there are ways to optimize nostro/vostros onto Stellar. That's one operating mode of our model for sure, but more interesting to exchange digital assets instead. What if there was a USD coin? That might provide interesting liquidity measures and less volatility too (not tether, I mean real digital currency)... working on that as hard as we can!

isaaclee916

Is the price of XLM overvalued as of today considering XLM will only be held for 4-6 seconds for payments( IBM holding none). Will XLM always be considered utility coin? XLM cannot be a store of value because its only being used as bridging mechanism, therefore overvalued?

jesselund

Friends, I gotta bounce for now... I'll go back and try to respond to everyone else's questions later. It's been fun. You've all been very kind and gentile. This is a great community and Stellar offers a great vision for the future of payments and the emerging token economy. Glad to be part of it with you.

jamie

Big thanks to @"jesselund"#1255 and team for doing this AMA. I and the rest of the Stellar Community really appreciate it. I only done the easy part by reaching out to them!

As Jesse mentioned earlier in this AMA, Jesse and his team at IBM are really doing something special. How often would you see a company the size of IBM answering questions on a forum like this?!

He even answered questions for longer than the 1 hour agreed ☺️ Thanks again and best of luck with everything!

bobtessier

But he said we have to ask you for more detail... :)

Davidshaw

Jesse, what other cryptocurrency excites you besides stellar?

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