#29 - Tim Bass - Redbelly Networks Director on transforming institutional finance with blockchain
Description
In episode 29 of the Independent Reserve Crypto & Bitcoin podcast, host Lee Eaton is joined by Tim Bass, Director and Chief Growth Officer of Redbelly Networks. They delve into the groundbreaking work of Redbelly Networks in developing a high-speed, environmentally efficient blockchain for institutional-grade infrastructure. Tim shares his journey from IT services to fully embracing the world of blockchain and cryptocurrency in 2013. They discuss the pioneering Project Acacia, Real World Asset (RWA) tokenisation, the impact on capital markets, and how Redbelly Networks aims to transform financial systems globally with their formally verified and deterministic consensus algorithm.
00:00 Introduction and Guest Welcome
00:21 The Hype Around Redbelly Network
01:37 Tim Bass's Journey into Crypto
04:12 Founding of Block 8 and Early Ventures
05:48 Introduction to Redbelly Network
07:01 Redbelly's Unique Consensus Algorithm
10:43 Capital Markets and Blockchain Integration
19:03 Project Acacia and Regulatory Landscape
21:46 Tokenisation and Real-World Applications
26:27 Settlement and Clearing Innovations
32:22 Australia's Role in Blockchain Innovation
34:31 ASIC's Role in Stable Coins and Project Acacia
35:05 Australia's Embrace of Digital Assets
36:00 Project Acacia's Key Players and Collaborations
36:36 Blockchain as an Enabler, Not a Disruptor
38:29 Tokenised Funds and Real-Time NAV
39:28 Challenges and Opportunities in KYC and KYB
46:33 Global Expansion and Government Engagement
49:35 Innovative Use Cases: Trade Finance and Micro Loans
01:00:12 The Future of Tokenisation and Financial Efficiency
01:06:44 Conclusion and Contact Information
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