Chief Executive Officer and Co-Founder of Twitter; Chairman, Chief Executive Officer, Co-Founder of Square, Square, Inc.
5/2/2018 SQ Earnings Call
And in terms of the blockchain, yes, I mean, there’s no other technology apart from artificial intelligence and machine learning and deep learning that affects the way we can operate our service and the way we can build our business. [unclear] ourselves out and we built a service that individuals can use providing more access to more people around this technology and this implementation. And because we are connected directly to the blockchain and using it every single minute of every single day, we have been able to learn quite quickly in how it could impact the rest of our business as well.
There’s certainly a ton of applications around creating more efficiencies within our business, but also creating new opportunities as well. So we’re still in the learning phase of where we can apply it in the right way because we don’t just want to purely apply the technology where it doesn’t fit, but making sure we’re actually solving a real need and real problem whether that be internal or external. But we do carry a lot of – we do have a lot of excitement for what it can do and we are building a significant expertise within the company to do that.
There’s obviously a lot of benefits as more of the spreads and we can better utilize blockchain technologies both internally and externally, but also made the strategy was to provide a simple service that people would value and also be able to learn as quickly as possible so that we become experts in how this technology is going to impact our world and our industry and also that we continue to be leaders in it.