#8 - Blockchain and Web3: Transforming Finance With Trustless and Decentralized Ecosystems with Ben Jorgensen
Passive Income PilotsApril 11, 2023x
1:02:5743.28 MB

#8 - Blockchain and Web3: Transforming Finance With Trustless and Decentralized Ecosystems with Ben Jorgensen

On this episode of Passive Income Pilots, Tait and Ryan interview Ben Jorgensen, an American entrepreneur and web3 technologies investor. Featured in NASDAQ, Forbes, Entrepreneur Magazine, Hacker Noon, Cointelegraph, and ABC, Ben is the founder and CEO of Constellation Network, Inc., a web3 company contracted with the US Department of Defense and Civil Reserve Air Fleet. Constellation's decentralized network, Hypergraph, and smart contracts secure mission data for the DoD. With a background in Anthropology, Economics, and Political Science, Ben co-owns San Francisco restaurants GOZU and YOKAI. In this episode, Ben discusses the transformative power of Blockchain and Web3 technologies, their impact on the financial landscape, and the increasing adoption of these technologies by businesses, including the US Air Force. He also touches on the recent FTX collapse and the future of DeFi. Enjoy the show!

Timestamped Show Notes

(00:00) Intro

(04:43) Ben's backstory

(12:38) Blockchain technology explained

(15:01) Benefits of Cryptocurrency and why we should care

(17:25) How blockchain technology can prevent events like the Silicon Valley Bank collapse

(22:10) What does the blockchain look like?

(24:13) Difference between crypto and blockchain

(26:24) Difference between Web2 and Web3

(34:36) What makes Bitcoin a commodity?

(39:36) Each ecosystem has its own currency

(44:32) Breakdown of smart contracts

(51:55) Transparency in the blockchain

(56:39) Ben describes crypto, Web3, and technology being built in the space

(58:54) FTX Collapse: Last year was the worst for crypto

(1:00:03) Up and coming in the space: DeFi

(1:02:48) Outro

Connect with Ben

X (Personal): https://twitter.com/BenJorgensen

X (Company): https://twitter.com/Conste11ation

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Legal Disclaimer

The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.

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