For us, it’s a foundational component of the technological change taking place. I always joke, we never have anyone come into our office and say ‘Hey, we’re building a Microsoft Excel Company.’ If you think about automation of micro-transactions or high frequency transactions between a bunch of connected devices, there’s no way current way to keep track of it all. If you need interoperability between systems, these public open source, permissionless ledgers allow you to do that in a really interesting way. Our investment thesis on the technology is just that blockchain will be pervasive, and to get ahead of it now rather than wait 10 years. So it’s really flipping it on its head and saying, ‘it’s not so much about the technology, as it is finding these great companies that happen to use this one piece of technology.’
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