Oct 8, 2019
Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.
Today’s topic is virtual currencies, blockchain technology, and the FinTech industry. This episode will be an introduction to these concepts and help you determine if implementing these new technologies are right for you and your organization.
Joining Justin today to discuss these topics is guest Luke Wilson! Luke is the Vice President of Intelligence at 4iQ. With over 15 years of working within federal law enforcement, the Department of Defense, and the intelligence community, he brings a wealth of knowledge and expertise. Previous to his role at 4iQ, Luke served as the Vice President of Business at Elliptic and also worked in the Federal Bureau of Investigation’s Cyber Division and Counterterrorism Division for over nine years.
With Luke’s deep understanding of currency and blockchain technology, he gives his insights on the upsides and downsides to virtual currencies and blockchain technology. He explains some of the ways that businesses use blockchain technology, some of the challenges that companies face when implementing blockchain, and some of the ways that businesses have illicitly used virtual currency — both wittingly and unwittingly.
[:13] About today’s episode.
[:26] About upcoming RIMS events!
[1:09] More about today’s topic and guest, Luke Wilson.
[1:51] Justin welcomes Luke to RIMScast.
[1:56] When in Luke’s career did blockchain first show up?
[3:45] Did Luke find there was criminal activity behind it?
[4:25] Was Luke shocked to find that something so new was already being exploited and used for criminal activity?
[5:45] What are some of the ways that businesses have illicitly used virtual currency — wittingly or unwittingly?
[8:17] Why should businesses use blockchain technology?
[10:05] What are the challenges that most companies will experience when implementing blockchain?
[12:49] What has Luke’s experience been with risk professionals and risk managers?
[15:00] The key business risks in using blockchain technology.
[17:14] Since the field is still new, would Luke suggest that companies do their research before talking to someone who claims to be an “expert?”
[18:24] Based on Luke’s experience, how does the National Cyber Security Awareness Month tie into the booming industry that is virtual currency and blockchain technology?
[21:02] Justin thanks Luke for joining RIMScast.
[21:21] About the show notes links.
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