♪ emily: i'm emily chang, and this is the "best of bloomberg technology." we bring you all are top and abuse. coming up, donald trump's meeting with kim jong-un produced a handshake and a promise, but was light on detail. what does the summit signal for what is to come? we went to e3 to speak to some of the biggest names in gaming. on the latest trends and how they are keeping up with demand. and london tech week just wrapped up. we will hear about how the city

is shaking off headwinds like brexit to lower talent and innovation. this become a we saw a historic summit between president trump and kim jong-un. the u.s. and north korea agreed to see complete denuclearization of the korean peninsula on the summit, but no deadline was set. disarmament remains undefined. we spoke with bloomberg's chief washington correspondent who was on the ground in singapore. kevin it was quite remarkable to : not see the details of what has been a month-long summit in the making, emily, come to fruition. we should know president trump is now back to the united states already. he has been calling his allies around the world including the chinese and japanese leaders. , secretary ofat

state, mike pompeo, will be touring north asia to meet with allies to continued selling out the case. but meanwhile, back in the u.s. the fallout continuing, not just , from democrats, urging the president to take a more cautious approach to verify whether or not north korea is axa going to denuclearize. isor not north korea actually going to denuclearize. also from republicans. people like senator marco rubio, mccain, kennedy, raising their concerns about how to verify the north korean chairman, as the president is referring to him, kim jong-un for how he plans to , denuclearize. more broadly, the president will need congressional approval if he plans to ease sanctions. no sign of that yet, but as you mentioned, the president, by all accounts, basically extending an open invitation to kim jong-un to come to the white house and saying this is just the first of many steps to come in a dialogue with north korea. at that press conference, that marathon press conference, more than 75 minutes, president trump

taking questions, he was actually more praiseworthy of kim jong-un than a canadian prime minister justin trudeau, emily. emily: kevin, thank you so much. our president trump and kim jong-un still talking? are they texting? what kind of phone with a be using in north korea? according to research from the u.s. cybersecurity form, it is likely being done used with a device made by an american company. for more on this study, we are joined by bloomberg tech's julie who wrote about this topic. julie, north korea might not be as disconnected as we think. what kind of devices are available in north korea and who is using them? julie: right. leaders in north korea might not be as disconnected as what we think. kim jong-un has been photographed a number of times using macbook computers and other devices. this study shows there has been a lots of leaders, they cannot many they and say how

have, but there have been a lot of reports of computers and other devices being used by then in north korea, which is contrary to what many would believe with sanctions, and the way typical north koreans use the internet. very state-sanctioned, and are only accessing certain sites, and go through in different products. usually not an iphone. this is shocking in that a lot of the leaders are bucking that trend and still getting access to things like the iphone x or samsung galaxy. emily: samsung is interesting given it is in their backyard, and yet, their mortal enemy in south korea. how does the use of apple devices compared to samsung? julie: right, i cannot say exactly how many each of them have, but there was a list of devices and there are a lot of samsung devices, various versions. and then everything from some of you know, the iphone 6 to the iphone to ask -- to the iphone

x. it has been a lot of new products. i will say that most of them appeared to be gravitating towards older devices, things running on older software. so it does appear maybe the sanctions have gotten obviously tougher before yesterday's meeting, and that might have pared back some exports. where maybe kim jong-un does not have access to the iphone x yet. well,f yesterday went like it sound so far, maybe he will be able to get one in the future. concern ofhere a some of the products, specifically american products, could be used in cyber espionage? julie: right, absolutely. that is a big concern. a lot of the espionage might be happening outside of mainland north korea, but some of it is common that is a big concern. and could be using software devices from an american company to do things like cyber espionage, and work on these threats to the united states using american products. that is something the report

calls out as reason for concern of them using it, although again, if they do in fact go away from all of these nuclear the nation,learize that would not be as much of a problem going forward. emily: that was bloomberg tech's julie verhage. china's restaurant review and dery giant plans to file for an ipo valued at around $6 billion. the listing would be in hong kong and take place as soon as this month, and is the city's multibillion-dollar listing. second as the smart phone maker xiaomi plans for their own ipo. the chinese smartphone giant could end up being twice as expensive as apple once it goes public. morgan stanley says they should trade at a premium both morgan stanley and goldman sachs says they could trade for roughly double apple's value.

apple is taking its foray into hollywood one step further with a right in feature films. this is according to people familiar with the matter. they say they are close to creating an animated film. joining us from l.a. with the latest is a reporter. what do we know? >> we know that apple has been in talks with the irish animation studio. that is a quite well-known animation house that may films like "breadwinner." it has received many academy award nominations for its films, and is considered very high-caliber, so apple is really getting in with a high quality producer of content. it says something to their ambition. we don't know exactly how the film will be distributed digitally, but we know apple has been talking to people in hollywood over the past couple of years and have been hiring

aggressively to build out a team to make content and buy content for streaming. but it is unclear if it will be a part of its apple music streaming service, though that seems unlikely. emily: is there a sense of a shakeup to come in animated movies? given the potential exists of john lasseter, the cofounder of pixar, from disney? >> this week, we have incredible stew which is on track to do really well. one category of film doing really well is in the animated section. and it is not a given, you know? pixar has had flops, not many. disney is in a weaker position without john lasseter because he was a visionary are responsible for the resurrection of disney animation, which came back with its strength in "frozen." they had a bit of a checklist.

before that. and he let pixar and that label. now, disney is in the works to bring up through its ranks and to leave those two divisions, leaders in their field, and you know, we will see how that goes, but clearly there is some , change. there is a lot of work going on in animation. emily: still ahead, our with the london mayor, and his thoughts on a new study that call london the ai capital of europe. and if you like bloomberg news, check us out on the radio, bloomberg.com, and on sirius xm. this is bloomberg. ♪

emily: dutch payment processor almost doubled in their trading debut in what has begin the biggest european ipo of the year. the company with companies like netflix and spotify for their clients. they are challenging the big banks and credit card issues who will have long control systems for processing in stores and online. and we just wrapped up london tech week, bringing together some of the biggest names in coding and venture capital. bloomberg's caroline hyde kicked off the week with london's mayor, sadiq khan. your's --: this is

this is europe's biggest festival of tech and innovation and is amazing. a week of events and 250,000 visitors coming from around the world, and there is so much energy and excitement. the great thing about london tech week, he gets bigger and bigger each year. you have startups, those digging about startups and those accelerating, and the multinationals, interviewers, entrepreneurs, innovators, researchers, all in one place. it is a very exciting ecosystem. this is the future. we can't run away from ai, automation, tech. why? it's out there and would be foolish to do so. we are going through a industrial revolution. fourthi want to surf the wave. i want us to make the most of the tech sector business because it improves our quality of life. how can tech be used for public

used toan tech be improve public services? how can tech be used to create jobs in the future and great start this morning. caroline: you talk about riding the wave. interestingly, we still seeing record money coming in to london. but there is slight competition out there. notably, there is a report saying that now paris is the number one destination to put your money. so say 450 global investors. are you worried about that? mayor khan: i'm not complacent. there was also good news. the recent report showed as far as a.i. companies there are more in london than paris and berlin. -- in paris and berlin combined. we are the a.i. capital of europe. also, we have seen a relation to tech investments still going up post-brexit, so look at apple, google, amazon, facebook continuing to invest in london. i think paris and berlin raising

their game is good for us. i see them more as working in collaboration. i think it's really good where if you are a smart web designer in london, you now want to have a partner in paris and berlin. -- or berlin. even more important, post-brexit , the future of cities working close together, people working close together, rather than national governments bureaucracy, slowing cumbersome. so i welcome paris and berlin raising their game. it bodes well for london. caroline: what about the regulatory environment and welcoming company such as uber? we know their license is under discussion. do you think that is welcoming to tech companies and how does that conversation continue? mayor khan: i want london to be a place where you want to come if you are a tech startup. if you are an innovator. whether you are with a multinational or with a friend. but here are the rules.

the rules are, everyone plays by them. regulations must apply to everyone whether you are uber or a startup. it is really important that i support london when it comes to the regulator, saying to someone like uber, listen, you are not playing by the rules of the game. i don't know how many lawyers you got, or world big your lobby is -- or how big your lobby is, play by the rules of the game. good news? the new global ceo has heeded that message. if you look at the changes they have made, they respect the rules we have. but also, in the end, it benefits. the consumer benefits with better service. uber and other tech companies should benefit because they are during the socially-responsible thing as well, and that will hopefully lead to more progress being made. i want tech companies coming to london. i want tech companies to help me to provide services cheaper.

but also, it is a 21st-century solution to problems we have had for many decades. caroline: do you think that we are seeing companies growing with the ethics -- going with the ethics you want to see in london? you are focused on diversity as well as technology. our companies getting that message? mayor khan: what is remarkable, they are positive and progressive. but nobody is engage with them. don't engage with them, they will do with their own way and see their competitor. i have engaged over the last two years with the coo's. they want to do the right thing. they want to pay minimum wage. and when it comes to the pipeline, they go into deprived communities to make sure there are more women involved. and the good news is, young people and women want to enter these sectors. the reason i am excited about the tech sector for london is they are going to help make sure that parts of our city that have not enjoy the fruits of growth

will enjoy the fruits of growth because actually, with the right training, mentoring, and support anybody can do it. , i want people to learn coding. google is doing great stuff with coating for girls. -- coding for girls. i want to see campuses that are environmentally-friendly. so all of my conversations in , tech starters, they have the right values and love london. i was looking at research in relation to ai companies. the number of founders that are definitely-diverse for women is remarkable -- or women is remarkable. it shows they have the values and the eat those and my job as a mayor is to give them a helping hand. emily: that was london mayor's -- that was london's mayor sadiq khan with our own caroline hyde. we should mention the mayor's office commissioned the study that suggested that london is the ai capital of europe. coming up, kitty hawk, the flying car startup has a taking to the skies. we will explain this is bloomberg.

♪ emily: not too long ago, flying cars were considered a far-fetched reality -- were considered far-fetched. but some major players are making it a reality. not just for a few, but potentially for all of us. our editor brad stone takes a closer look at kitty hawk's latest flying innovation. ♪ brad: no, it is not a scene from "the fifth element," or "star wars." flying cars, suddenly very real.

a german company has a flying car for room for two. airbus is developing single person autonomous flight vehicles. and a chinese company is attempting to get a flying drone in the air as soon as regulations will allow. it can fly over 11,000 feet. techber predicts urban air will be roaming the skies in 10 years, and has even partnered with nasa to develop new traffic concepts and sky ports. >> that is part of the identity of the company. brad: the company's vision for air,etwork, dubbed uber would let users press a button and get high-speed flights around the city. and company just announced another aircraft, the kitty hawk flyer. funded by google cofounder larry page, sports 10 battery-card propellers and 10 control sticks, and looks i something out of "star wars." at it will go 20 miles per and

first, will fly 10 feet up in hour, all without a pilot possibly since. >> it is a computerized system so that any person can fly. brad: no word when it will go on sale or how much it will cost. kitty hawk is also working on another aircraft. all in all, at least dozen companies around the world are pursuing the sci-fi dream a personal -- off-line personal aircraft to help you avoid congested highways. but are we in need of a reality check? to put flying cars at the sky, we will need a new automatic air control system, years of safety acceptancecultural with the idea that these new vehicles could be landing right next door. ♪ our bloomberg tech senior executive brad stone with me to talk about this. tom not sure if i am ready ride in one of those things, especially at 11,000 feet, but how big of a leave is this new

flyer from kitty? cool.well look, it is i would love to ride one, and they probably made advancements in lightweight materials and battery technology. it's essentially a drone, but they only fly over water and you can only go 10 feet in the air. this is a recreational vehicle. i compare it to a water jet pack , so it is not monumental and the way some of these vehicles are. emily: talk about the vision here. trafficout relieving congestion, and what about going short distances? brad: totally. the flyer, kitty hawk is working , on another car called the cora which is a air taxi and lots of other companies, airbus are working on the idea that you will hover over traffic instead of sitting in it. emily: we saw a bit of your interview a few weeks ago. canhis something that uber really be competitive, or that will change the market for uber?

brad: it is the least impactful thing they are working on right now. when you look at things they can move on, uber elevates is an idea, not building a vehicle but holding the idea. so, i think it is probably going to be companies like kitty hawk or airbus that are actually really making a difference. emily: some of the flying car aficionados say that flying cars will be here faster than self -driving cars. give us a reality check on that. brad: i don't believe it, emily. we can look out the window here at pier 3 and saw autonomous test cars passing us care tesla has vehicles out there with autopilot that is level three autonomy. the faa has got to take a deep decade-long look at these vehicles, so the idea that these personalized transportation vehicles flying through the air will take a long time. emily: talk to us about where regulation stands now? brad: in a sense, nowhere. the acting administrator of the faa went to uber and said we are going to come to it at a safety perspective. it takes 10 years to authorize a

new aircraft. there are things like the air traffic control system, and what kind of airspace you will use that have yet to be figured out. i think we're at the very beginning of what will be an impactful transportation revolution, but it's going to take a long time. emily: our thanks to bloomberg's brad stone. and tesla says they will cut about 9% of jobs across the company. the cuts will impact salaried employees and won't include production associates. tesla says the staff reduction will not affect their ability to meet model three production targets, and that no further cuts are planned. ,peaking of mosque -- musk byom,, bring your own marshmallows, and elon musk will supply the flame. hundreds are lined up to get the company flamethrowers. the flame off took place next effect or is and showed off a

-- next to spacex headquarters and showed off a pride of told -- and showed off a prototype,. coming up the gaming craze , upending the industry. fortnight headed to nintendo switch. so how will this impact the maker of mario? we ask their presidents next. and bloomberg technology is livestreaming on twitter. check us out and be sure to follow us on tictoc it twitter. this is bloomberg. ♪

♪ they: welcome back to ginkgo best of bloomberg technology." i'm emily chang. it's become a rebroadcast live week, we -- this broadcast live from l.a. at the videogame industry's biggest show of the year, the electronic entertainment expo. one company that annually makes a super smash at the event is nintendo, yet shares sank after unveiling some new titles almost all of the main content displayed during the show was either announced or leaked in prior months and weeks, including fortnite, pokemon, and a super smash brothers ultimate. the share drop with nintendo to their lowest in september, wiping out all of the market gains they made in eight years. we spoke with the coo from the

event. >> nintendo loves to surprise people. what that means when we approach an event like e3, we shall content that is one a lot over the next six to nine months, and no more. so we always had more surprises. there was always more in store. so, why the analysts reacted the way they did? from aws, but we know company-perspective, there is a lot more up our sleeves and a lot more we have to show over the weeks and months ahead. emily: tell us the surprises. >> right here, right now. you know for us, we believe , there's a lot more value for the consumer to tell them about content, and then launch it, just like we did for fortnite. and fortnite already has 2 million downloads, specifically on the nintendo switch. emily: wow. >> by driving excitement, we are able to drive the business forward. and that is what is most important to us. emily: so, super smash brothers, fortnite, new pokemon game -- which will move the needle the

most for nintendo this year? >> for us, the way we look at it is that we had an opportunity here and now to continue driving momentum. to-expansione oc december,n, mario in pokemon launching in november. before black friday, and super smash brothers ultimate in december, it is the pacing of news. the pacing of launches that will drive the business forward. emily: let's talk about the online service coming in september. which means it is cloud-based, and the network performance of the games you have been trialing had been bad. some players and say it is unplayable. will that improve? >> absolutely. yet again when we do a trial , event with mario tennis, we are as much learning about the technical infrastructure as well as the way the game is going to play. so you have to expect some challenges when you do that. when we launched the game, it is going to perform.

just like it did for fortnite. emily: ok, let's talk about the switch. you have added some incentives to make it cheaper for people to buy a second one. are there going to be more incentives? >> those incentives are specific to the japanese market. emily: so it is not coming to the u.s.? >> it is not coming to the north american marketplace, and that reflects the difference in the culture and living situation to have across the world. japanese homes, small, typically one tv in a household. so for that market, offering an additional sku that takes out hdmi cables and things like that, makes sense. here in the americas, three big tv's for household. for us, selling a fully configured seconds wicked to the home is what we are focusing on, we are seeing that happen. we especially expect to see that happen with pokemon, let's go pikachu. emily: there are some concerns that the switch cannot carry the torch for both.

what you doing to make it more attractive? americasfocus on the and the marketplace. in december on our dedicated , handheld business grew by 27% year on year. so far this year, our two ds and three ds is up 10% this year. so, the switch is not all on its own. it is getting some very strong support by a dedicated handheld business in the americas, and for us we want to continue to , drive both of those platforms. the dedicated business for 2ds and 3ds is for kids and families to get engaged for the first time, potentially in video games. and then the nintendo switch will be that game were consumers want to play smash brothers and zelda and these big, epic games. and that is what we will continue to do. games,speaking of the fortnite, pokemon, it is great these games are a success and free to play. how are they going to make money for nintendo? >> the way they get monetized is the consumer buys either a tire

, or season passes, things of that nature. and as long as those merchandise well, and there is a strong profit for us and for the developers themselves. emily: what is your opinion on the loot boxes? >> loot boxes, broadly speaking, have gotten a bid -- a bit of a bad rap. the game mechanic of buying something that you're not quite sure what is inside is as old as baseball cards, as an example. so what we believe that nintendo is that a gameplay mechanic that offers the consumer something to buy joe that they are not sure what is inside can be interesting, as long as that is not the only way you can get those items. i think that is where maybe some developers have made some mistakes. for us, it is one of many mechanics that we can use to drive ongoing engagement in the game. emily: so, tell us about the new president and what might change for you? your new president. >> the president is a veteran of 25 years with the company. what is great about him is he

has had some fairly extensive experience outside of japan, and he was one of the first financial people that nintendo of america was dealing with back in our early days, and he spent 12 years in europe, so he has an understanding for the overseas subsidiary. he loves our content, plays are games. from my perspective, he is a great choice to be our next global president. emily: that was intended of america president reggie. fortnite wasal hit the talk of the event. the multiplayer shooting title released last year has become a cultural phenomenon, and while at the games may be reaping most of the benefits, people are saying the game is benefiting the entire industry. as first-time gamers take to fortnight, they will be looking for other titles and we caught up with him at e3. >> i am not sure it is shaking up. it is a hit. it is a great aim for the industry to have hits -- it is a

great thing for the industry to have hits. i think in the case of fortnight there is some evidence for bringing on board a younger audience, perhaps a female audience. and if people are interested -- and a people are being introduced to video games, that is great for all of us. emily: lots of games are coming out soon. have you make sure your games are a winner? >> the way we create success, the entire focus of our company is on the quality of our titles. red dead redemption is highly anticipated. -- redemption has been a highly anticipated title. we have begun to put mash ups in the market place and people seem to love them. preorders are strong, and we are feeling really good about "red dead redemption." they're not very many western thing titles in the marketplace. "red deadt out redemption" the first time, it was a massive hit and sold over 60 million units. we feel really good about it. emily: it is just a few months away, why are you not showing it

at e3? everyone wants to see it. seems like a great opportunity. we are not showing any products at e3. great way for us to connect with our retail customers, and a great way to connect with the press, and industry analysts and investors. our products are widely marketed and people have a sense of them. while we do have consumers at e3 it is not primarily a consumer show. emily: so, how do you intend to monetize it? >> our focus over a long. of time is engagement -- our focus over a long period of time is engagement. what we have said over all about releases is we want to give consumers an opportunity not only to fall in love with the product, but to stay in love with it. if we do that, revenues and profits follow and we don't lead with monetization. it is not our primary concern. we are concerned about entertainment -- entertaining, activating, and engaging consumers over a long period of time. emily: i am curious on your

thoughts on the latest controversies. loot boxes and play-to-win tactics. is that healthy for the industry, or is it exploitative? >> i do not believe it is exploitative. it is entertainment and entertainment is not a must-have good. we choose to be entertained. the randomization mechanics have been used by us in the past. it is not a mechanic that we typically use. we do not have any problem with it, however, and i think the bottom line is do your game mechanics fit with your creative offering? if they don't, consumers won't show up. emily: any concern that legislators will crackdown? >> i don't think there is a concern in the u.s. maybe in international markets, and the same way that we're freedom of speech in the u.s., and insert international market we are constrained with what we can do creatively. emily: so you think in europe they could crackdown? >> i don't think it will be across the board, possibly one or two countries will have a point of view about what kind of mechanic can be used. i think it would be wrongheaded,

and it hasn't happened yet, but it may. emily: an yet, last month, the supreme court ruled to strike down a law preventing gambling in sports. you have expressed optimism this could have an impact on e-sports. are you doing things to prepare for potentially legalized e-sports gambling? legalized gambling in gaming. >> not yet, we are open-minded. we are an entertainment company. we are obviously not a gambling company. ands a different mechanic really a different business and it requires regulation. i think we would have to think long and hard, but it clearly creates opportunity. emily: that was take two's ceo. and still ahead, moves out there south korean crypto companies said they had been hacked. we are going to track the breach and talk about whether the market can recover after a rough start in 2018. and building -- and the building blocks of life. did nasa discover them on mars?

we will get the answer straight from their lead scientist. this is bloomberg. ♪

♪ emily a crypto exchange in south : korea puts fuel on the fire. it has been down 50% in the last year, and the south korean exchange says some of its currency appears to have been stolen. the exchange did say 2/3 of the assets have been stolen or collected. -- have been frozen or collected. -- been stolen or collected. while investigators are following the arrest. this isn't the first time we have seen this attack. the japanese exchange coin check was hit in january. when will these security risks let up? we spoke with bloomberg's a who covers all things cybersecurity along with our bloomberg editor and host of "what did you miss?

-- >> hackers compromise the website for a small south korean crypto currency exchange. it is not a name that would be on the tips of most people tongues and barely ranks with an the top 100 of crypto exchanges. but what happened has a lot of residence for anybody investing in this market, and is part of the reason why you are seeing this big selloff this weekend in terms of billions of dollars a cryptocurrency stock, and billions of dollars of value from crypto falling. the reason is this, once a peace of digital currency is stolen, you cannot get it back. it's not like money that can be reimbursed. although some have reimbursed victims of hacking attacks. i find it and was a fascinating of what a cryptocurrency is. it is a number, a digital file you are given, and if you give it to an exchange, and that exchange is then hacked, that money is gone for good. you see people running away from the market because of that security risk. emily: i want to put this into

context. emily: take a look at this chart and my library that shows the slump and cryptocurrencies over the last six months. joe, how much of this is due to this particular hack? is it due toingering concerns orcrackdowns in china, pessimism from folks like yourself? >> it is a combination of a lot of different things. look, the simplest answer is this is the backside of the euphoria that we saw in q3 and q4 in 2017 when people were throwing out enormous expectations with the price was going, and everybody was talking about it. celebrities were talking about it. and the interesting thing is if you look for my fundamental standpoint in 2018, and you saw -- look from a fundamental standpoint in 2018 and saw ongoing moves whether it's legacy financial companies expanding into the space, upstarts getting more institutionalized, people who have their careers and finance jumping into crypto, some of the

news looks really good, but it hasn't been enough to stem the tide of what is sort of what happens if the other half of an asset ball at like this? emily: why are crypto currencies so difficult to secure? you would think they would be less vulnerable to fraud because they are trackable. >> you would. part of the problem as i said earlier, one of the really difficult parts about handling virtual currencies, or digital currencies and protecting them, is that it is simply a file. it is simply a number. it is a unique number assigned to a particular individual and the value of their digital currency. so if you think about all of the massive data hacks we have seen, and the data flying unaccompanied as a result of packs -- and the data fly out of companies as the result of hacks , if you replace that data,

whether it is emails or whatever, with a bitcoin that could be worth thousands or millions of dollars, what you get is the perfect target for these hacking attacks. and when the criminals make off with their bounty, it is literally a file with numbers that then becomes tens of millions of dollars. toy are very, very hard protect because they are a small, discrete piece of data that once you lose it, it is gone. emily: and yet there are big , banks experimenting with this. some more than experimenting. do you see this becoming a legitimate currency that is backed by a global financial system if some of these hiccups and issues are worked out? joe: it is possible, but something that i think is really important is that the hiccups that you mention in the jordan described are both the vulnerability of cryptocurrencies, but arguably, the selling point because if you think about it, what is the case to use a cryptocurrency as opposed to traditional currency? it is the implicit promise

nobody can seize it from you or spend it with and nobody can tell you, that you cannot move it from one country to another, circumventing capital controls. these are all of the things that are theoretically what make bitcoin, or make other cryptocurrencies appealing to people, and so, the flipside has to be some measure of irreversibility. because you cannot have a system where you could have an ironclad guarantee that you can do the transaction if there was a third party that could say, no, we are going to reverse that transaction, or you are not allowed to. so, as long as the cryptocurrency is designed for this purpose, there will never be a day, i don't think, where there will be a risk of hacks and mistakes that result in a permanent loss of funds. emily: jordan, it's not just about cryptocurrency, it's about the blockchain in general which so many people are heralding the future of. not necessarily when it comes to

bitcoin and these particular currencies, blockchain technology to revolutionize the rest of the internet. do you think there is more optimism there outside of the specific market? jordan: sure, yeah. the underlying technology for these digital currencies, the blockchain, actually has unique and interesting properties that a lot of big banks and other organizations are trying to tap, and it has become a joke. one of the things i find amusing about these facts, if there is anything amusing, is that when this money is stolen as a result of the blockchain and the transparency that joe talked about, you know, you can actually see but the money is. if somebody rob your bank account and that if somebody robbed your bank account and holding it in front of your face -- you can identify all of these stolen bitcoin and digital

currencies, you don't know who is behind it. that is a feature of the block chain and of the technology undergirding these digital currencies. and you can see it. you can revoke those coins. you can block them or freeze them. there is a lot more transparency in that system than the traditional banking system and that is a good thing that companies can put to use. emily: that was bloomberg technology's jordan robertson and joe weisenthal. coming up, nasa's curiosity rover may have made its most significant discovery yet. what this means for finding life on mars. this is bloomberg. ?

♪ ♪ is there life on mars? emily: well, there might finally be an answer to david bowie's timeless question. or a better chance to narrow down the answer. nasa's curiosity rover has found what could be the foundation for life on the red planet.

organic molecules have been found on mars' 3.5 billion-year-old bedrock. elon musk maybe trying to colonize mars now, but nasa says chances of finding life have just went up. to tell us more about this is shaking discovery, we spoke to a bio geochemist from nasa and lead author of the study on these findings. >> essentially, we found organic matter from rocks on an old lake on mars. that lake was around 3.5 billion years ago. self, the planet was a lot different back then, and we have had other clues that tell us pretty much, there was water and new cheats around and energy sources -- there was water and nutrients around and energy sources around. and now we have evidence of organic material. everything that life would need to be happy was there. we just don't know if there was life. the organic materials that we

found could be from life, or perhaps they were possible food for life when the lake was around. either way, it still bodes well for the search for life going forward. emily: let's take it one step further. is it possible that some form of life still exists there? does this give you any information about that? >> well, we are not really sure if life ever existed, but if like ever got established -- but established, it was early on in mars' history as life was established on early earth. at that point, the two planets were very similar. mars took a different path. it lost its magnetic field and the atmosphere was swept away and radiation began hitting the surface. you changed the planet significantly -- it changed the planet significantly. and earth developed a really diverse bioatmosphere and mars if it ever had life probably lost a lot of its biosphere. there are some scientists that believe life would have taken

refuge in the subsurface if it ever existed, and could be there today, but there are other scientists who thinkars biosphere is burnt out. emily: the curiosity rover has been taking samples for five years now, and i know this gives you new details on where and how to look, but what is next? >> well, the next step is to look for the bile signatures. these are basically imprints from life. you can imagine a dinosaur leaving a fossil behind in the form of a skeleton. well, microorganisms can be behind chemical imprints of their existence, and possibly even cell structures. those are the kinds of things we would look for in the ancient indicators of whether or not mars used it at some point. there are two missions in the works right now that could shed light on this. the first one is from the european space agency that will launch in 2020, and it has the

capability of drilling down two meters, which is a really important technology logical -- really important technological development because that means they can get away from the radiation and have the potential to get to organic materials that are much better preserved. the other mission is one by nasa called the mars 2020 rover, and if it stumbles upon the right material, it can attach samples and bring them back to earth for further analysis. and both of those could tell us a lot more whether life existed on mars and the potential for life to exist there today. emily: and nasa is looking for life in the solar system outside of mars. if it is somewhere else, what is most likely? >> it is anybody's guess. mars subsurface was a good place to look for more recent life. on other places, two really appealing places are ocean

world, we call them, and a small moment goes around saturn, and the other one is the europa. both have oceans underneath an possible, and it is those oceans have something similar to what we imagine as the microbiology, hydrothermal vents in the ocean here on earth. if that is the case, that ocean water could have signatures of life in it, could be modern-day cells, or old material, but things that would tell us if there had been life on their if we can -- had been life on their . if that's the case, it might be a life that evolved independent of earth, which would be pretty fascinating for i think everyone in general. but certainly besides community. -- the certainly the science community. emily: that was a nasa's jennifer. and that does it for this edition of the "best of limit technology." tune in each day at 5:00 p.m. in

new york in 2:00 p.m. in san francisco. all episodes are now live streaming on twitter. that's all for now. this is bloomberg. ?

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