In a recent My ID Matters podcast, Gunster attorney Gustav Schmidt was invited to discuss cryptocurrencies and blockchain and how they function on their most basic level. Schmidt talks about what a cryptocurrency is, how it is created, and what some of the potential opportunities are of using this technology.
Schmidt weighs in on the benefits associated with cryptocurrencies like convenience, anonymity and ease of transaction. He explains how a cryptocurrency like Bitcoin is created through its own network and how a blockchain is established through incentives. Schmidt suggests some of the potential uses of the underlying technology, like the capability to streamline real property transfers and buying and selling shares. However, Schmidt suggests being aware when dealing with cryptocurrency for security threats and fraud.
Gustav Schmidt focuses his practice on securities and corporate governance, mergers and acquisitions, bank regulation, capital raising, capital markets and general corporate matters. He advises both privately held and publicly traded companies in all aspects of their businesses including public securities offerings, listing of securities on national securities exchanges, bank and bank holding company regulation, Exchange Act reporting, exempt securities offerings, proxy solicitations and corporate governance matters.
Listen to the full podcast: Cryptocurrency and Blockchain