Knowledge is Like Money

Knowledge is like money: To be of value it must circulate, and in circulating it can increase in quantity and, hopefully, in value.

Louis L’Amour, American novelist

Alexander Lipton is one of Sila’s co-founders and its CIO. He is also an accomplished academic with a long career on Wall Street and a prolific writer with numerous publications and books to his name. In addition to Sila, he is Connection Science Fellow at MIT and a Visiting Professor and Dean’s Fellow at HUJI. He specializes in research on blockchain and distributed ledgers. His most recent book that he co-authored will be out September 9. 

Sila and its customers benefit from Alexander Liptons insights and experience every day. His new book makes some of that knowledge available to a broader audience.

Titled “Blockchain and Distributed Ledgers” and co-authored by Alex and Adrien Treccani, founder and CEO of Metaco, the book focuses on distributed ledger technology (DLT) and its potential impact on society at large. 

While search terms such as “distributed ledger” and “blockchain” rise and fall on Google in line with “Bitcoin” and the latest sensationalist headline associated with it, the book goes to great lengths to illustrate how DLT is much bigger than its narrow application to cryptocurrencies. And, the authors do so with the broader public in mind. Their arguments are written in a way so that any educated professional can understand and follow the logic. Of course, it helps if your background is in mathematics, computer science, finance, economics and related fields; but it is not required. If you are interested to learn more about the founding principles behind DLT, you’ll find that the book offers a detailed and self-contained introduction.

As the Financial Times put it, “It should be required reading for regulators, finance practitioners, investors and economists, particularly given that DLT will almost certainly reshape the future financial system.”

If you follow DLT, blockchain and bitcoin in the media, you’ll find that these terms are being discussed widely – at times with an agenda. Another benefit of the book is that the authors very carefully avoided any polemic statements; rather, they are following a balanced approach that leads to a well reasoned discourse.

With where DLT is today, and from what we can gleen of its future effect on all areas of business and society at large, this is a timely book and well worth the read. 

From the co-author:

On Amazon:

From World Scientific: