Urs Gasser and John Palfrey on Interop: The Promise and Perils of Highly Interconnected Systems [AUDIO]

Summary: The practice of standardization has been facilitating innovation and economic growth for centuries. The standardization of the railroad gauge revolutionized the flow of commodities, the standardization of money revolutionized debt markets and simplified trade, and the standardization of credit networks has allowed for the purchase of goods using money deposited in a bank half a [...]