Tokenizing The Workforce for a New Digital Age

Kennon Kincaid, COO of Odgers Berndtson, joins Raoul Pal, co-founder & CEO of Real Vision, to discuss his background in national security, his journey into crypto, and how blockchain is disrupting executive search. When Kincaid joined Odgers Berndtson, he was tasked with considering how to disrupt an industry that has not changed in 60 years, which caused him to think about people, information, data (redundant?), and how it is used to identify the best talent for a role. Kincaid states that blockchain technology in particular will play a very important role in the future of talent acquisition, and Kincaid aims to position Odgers Berndtson as a leader in that field. With today's level of data and insights, applying learnings to the blockchain can empower greater decision making at the highest level of advisement. Filmed April 26th, 2021. Key Learnings: According to Kincaid, it is estimated that 60-70% of applicants lie or omit information from their resumes. He considers how tokenization of applicants and the application of this process on a blockchain can simplify executive search by cutting down on the time spent vetting and actually finding the top applicants for any role. Kincaid believes that, through this process, one will have immutable aspects of everyone's CV, which in turn will allow talent to have greater power over their information with the ability to monetize in a transparent and clear way. Kincaid states that, through the tokenization of oneself, one is creating a base layer of truth that ultimately will drive value to the space.
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Other Public Aggregation Channel Videos

Lawrence Lewitinn: The Skeptical Insider
Real Vision senior editor Ash Bennington sits down with Lawrence Lewitinn, managing editor and host of First Mover at Coin Desk, to discuss the crypto markets, ETFs, use cases, value propositions, and long-term viability. Lewitinn views the crypto markets as incredibly thin, fueled by hope and greed, and he discusses the power of surpassing psychological barriers like round numbers. This has been prevalent in the recent increase of Ethereum's value as it crossed the $3000 threshold. With its value quadrupling, the trajectory of hope and trust in the system grows with it, leading to a positive change in the global ecosystem. However, Lewitinn also points to the issues whales such as Elon Musk can cause—if they were to throw all their holdings into the market at all once, that would pose a huge problem for blockchains such as Bitcoin because there would not be enough buyers in the space, triggering a huge wave of liquidations. Lewitinn states that while Bitcoin and crypto have huge potential, we do not know yet if there will be a better version as Bitcoin has yet to achieve one of its original goals. Lewitinn asks, "Would Bitcoin be at $50,000 if not for the pandemic? Would the space be as we know it today if Trump had won re-election?" Ultimately, the future is unknown. Filmed May 3rd, 2021. Key learnings: According to Lewitinn, when one reads the Bitcoin paper, it is elegant and solves the problem of transactions in trustless spaces. However, it requires a lot of work and energy. Further, it is more successful than it should have been when it started. In relation to the crypto industrial complex, Lewitinn believes that Bitcoin will not be the end-all, be-all solution as different specializations emerge. He views the explosion in the space as still being in the early innings. Even as there are a lot of unknowns that still exist in this market, what we do know is that Ethereum is becoming increasingly more viable in today’s society. Lewitinn believes that many of the things attributed to blockchain technology will live as an Ethereum specialty rather than Bitcoin fantasy.
Soramitsu: Building A Rational Economic System
Sebastian Moonjava joins Makoto Takemiya, CEO of Soramitsu, to discuss Takemiya's journey into crypto, the founding of Soramitsu, the importance of XOR, efficient supply allocation, governance, and the future of the space. Takemiya started Soramitsu with the goal of using blockchain solutions to help solve different inefficiencies in society. Sora is a decentralized economic system that aims to rationalize the allocation of capital across economies because most crypto economic systems such as Bitcoin do not have a rational way to allocate newly minted tokens. Typically, central banks have economic units that work to plan allocating credits in the economy, and this creates the world as we understand it today with productive economic growth. In Takemiya's view, creating a decentralized way to manage this is important—centralized systems can lead to moral hazard where individual parties can use the system for their own gain. When Takemiya first began engaging in the blockchain space, everyone was focusing on Bitcoin and Ethereum; however, he feels that the crypto space should not be winner takes all. He states it is important that there are different blockchains that serve different ecosystems with their own politics and governance, and it is equally important to provide a protocol for them to all work together, which is why Sora was built on top of DOT and Kusama. Filmed on April 29th, 2021. Key Learnings: In order to create a successful digital asset, protocol, or system, Takemiya states that one needs a clear understanding of macroeconomics and data—without this, there is no way to build a rational economic system. XOR is the native token of the Sora network; however, Takemiya states that the token aims to be much more than that as a store of value and a medium of exchange. While other currencies have attempted to do this, he feels that the economics are strong as higher volatility becomes difficult to use the currency in daily lives. With XOR’s utilization of a binding curve to manage the token supply, the protocol is able provide a clear and transparent way to manage the circulating amount of money. Takemiya says with a token-binding curve, users are able to have a smart contract that allows them to put in a reserve token and receive newly minted or allocated tokens, which achieves stabilization. As the smart contract provides clear buy and sell functions, a margin of 20% is created to help stimulate secondary markets, achieving a rational economic system that allows for real world application.
The Global Impact of Bitcoin Education
Real Vision crypto editor Ash Bennington welcomes Cory Klippsten, founder of Swan Bitcoin, to discuss his journey into crypto, the founding of Swan Bitcoin, Bitcoin education, the development of layer 2 solutions and beyond, and how Bitcoin can help or harm the world. Since leaving Google in 2013, Klippsten has spent his time operating in Silicon Valley, working with startups to advise and raise capital through seed A and B stages. It was through tech and these connections that he found Bitcoin in 2017. Through his evaluation, Klippsten found that the Bitcoin project was sound and worth building his own company, Swan Bitcoin, to help others safe, easily, and quickly enter the space. Swan Bitcoin encourages self-custody and education into the space. Klippsten views Bitcoin as the third leg of the stool in one's "set it and forget it" wealth building plan with the first two being a 401K and a mortgage. According to Klippsten, by creating a baseline of automatic reoccurring purchases, auto dollar-cost averaging (DCA) or, as he calls it, getting paid in Bitcoin, is a great way to build a solid foundation for oneself. Filmed April 29, 2021. Key Learnings: It is clear to Klippsten that Bitcoin is the new global money. If Bitcoin’s market cap continues to rise, Klippsten predicts that more and more people will hold their wealth in Bitcoin. Where there is friction going back and forth between bitcoin and traditional units of exchange over the next 10 years, it will eventually become easier to exclusively transact in bitcoin. Further, Klippsten believes that Bitcoin holders will be much more comfortable spending bitcoin once the expectation of its meteoric rise begins to taper. Once it reaches a $20 trillion market cap, which he expects over the next decade, this shift will occur, and by 2035, most goods and services will be able to be purchased with Bitcoin globally. Klippsten identifies that there is a direct line between one's understanding of Bitcoin and how much a user is willing to allocate their assets to it. It is through education that Klippsten feels Bitcoin and its usage will continue to grow.

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