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Saving the World Billions on Cost Overheads W/ Noah Healy
Manage episode 335794055 series 2983642
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Noah Healy is a recreational mathematician that has developed CDM(Coordinated Discovery Markets), this new method has the potential to substantially reduce the cost overheads of commodity trading in the market, he is the first person in centuries to offer an alternative to the system which rules large-scale markets, in this episode we discuss the features of CDM, the potential it has to reduce cost overheads in trading commodities and the way incentives are aligned between producers, speculators and consumers by penalizing noise and incentivizing signal.
CDM more technically is a a new method for operating a commodities exchange which publishes current and future prices of commodities to producers, consumers, and speculators, then receives offers to sell a commodity at the current prices from the producers, then receives offers to buy the commodity at the current prices from the consumers, then matches the offers to sell the commodity with the offers to buy the commodity, then computes the delivery contracts and sends directly to the producers and consumers, based on the matching, then receives confirmation of delivery of the commodity from the producers to the consumers and finally releases escrowed funds of the consumers to the producers
Find Noah Healy on LinkedIn: https://www.linkedin.com/in/noah-healy/
CDM Web Page: coordisc.com
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