7. Now there're stuff like Ethereum, which allows developers to do more than just transact money and actually create their own sort of distributed systems and applications.
8. Blockchains eliminate the need for intermediary parties, by relying on a decentralized network of computers, or nodes, to verify transactions.
9. Hudson Jameson helped develop a hardware and software platform for cars based on the Ethereum blockchain.
10. We put an Ethereum node on a Tesla, and so whenever it would go through a toll bridge, the Ethereum node or the car you can think of would interact with the toll bridge and autonomously pay the toll bridge.
11. So if you think about what a toll bridge does today, you have to pay a credit card transaction fee.
12. But with our system, it's literally machine-to-machine.
