Blockchain technology has made great strides over the past few years speeding up processes like AI and smartphones. Studies found that improvements in technology are beneficial in classrooms and that technology has the ability to better manage accountability, transparency and overall educational experiences. Partnerships between governments and private sector can also lead the way to boost nationwide education and employment. African Operations Director of blockchain engineering company IOHK, John O’Connor joins CNBC Africa’s Zinathi Gquma to explore blockchain technology and how partnerships with governments can help improve quality of life.
“I do wonder at this point whether Bitcoin is to be thought of, in part, as a Chinese financial weapon against the U.S. It threatens fiat money, but it especially threatens the U.S. dollar,” Thiel had said in an appearance at the Nixon Seminar.
Asked whether this was a potential problem, Pompliano was quick to point out that Thiel was not an opponent of Bitcoin but rather that it, like the internet, could have both positive and negative consequences for Washington should policymakers make ill-thought-out decisions.
“I think what we’ve got to understand is that Bitcoin is an open, decentralized protocol,” he explained to CNBC’s “Squawk Box” segment.