Reading Time: 8 minutes The life of W. Scott Stornetta can broadly be divided into two distinct parts. The first part of his career was spent on research and consulting, when he worked at such prestigious corporations as Bell Labs, for example. The second part is a life dedicated to the education of others. Scott spoke to BlockLeaders about his experiences in both fields, and how he solved the issue of data immutability while trying to prove that it couldn’t be done!
Tag: alex mashinsky
Alex Mashinsky: Internet 3.0 has the potential to reclaim what’s good for the people through blockchain
Reading Time: 10 minutes Fighting the monopolies which dominate our lives is not a new game for Alex Mashinsky, As an immigrant to the US, he decided to take on AT&T which was the most profitable company in the US back then. Almost all of its profit came from international voice call settlements. Mashinsky proposed to replace the decade-old practice of charging users $3 a minute to call relatives abroad with a free internet-based service he called Voice Over Internet Protocol. Few believed such service could even work, as the entire internet was a slow and cumbersome dial-up system that used the phone network as its backbone. Mashinsky persevered though, and today over 3.bn people all over the world freely use the technology he helped pioneer.