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International Business Times
International Business Times
Business
Will Jones

A Founding Father of Blockchain Heps to Reinvent the Prediction Industry

W. Scott Stornetta

Prediction has become one of the most talked-about corners of the Internet. Millions of people now stake opinions on elections, economic data, sports, and world events, and prediction markets have moved from the fringe toward the financial mainstream. But as the industry has grown, so have the questions that shadow it. Can you trust the forecast in front of you? Was it manipulated? And is any of this really more than a new coat of paint on gambling?

One of the people who helped invent the very technology of digital trust believes those questions finally have an answer. W. Scott Stornetta, widely regarded as a founding father of blockchain, has joined SafeBets.world, a zero-wager prediction platform, as Chair of its Advisory Council. His aim is ambitious: to reinvent the prediction industry on a foundation of verifiable trust.

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