John Wu and Morgan Krupetsky from Ava Labs joined us to explain how the Avalanche consensus mechanism aims to solves the blockchain trilemma of decentralization, security and scalability by enabling horizontal scaling and instant finality.
John & Morgan suggest that blockchain can bring more operational efficiencies to banks / FIs than SaaS or APIs can because it creates shared source of truth instead of just reconciling or bridging data across siloed servers. Furthermore, tokenization of assets can democratize access to illiquid financial instruments e.g. private debt, real-estate, etc. John believes we have come a long way in terms of acceptance and adoption of blockchain & digital assets over the last 1-2 years but still a long way to go so that we move beyond talking about the technology and focus on use cases solely.
