This panel discussion is about the use of blockchain beyond the financial markets. The discussion was part of Web Summit November 2018 in Lisbon, Portugal.
The three panelists are Hyperledger’s Brian Behlendorf; Tradeshift Inc’s Gert Sylvest; and NYIAX’s Carolina Abenante. The discussion is hosted by Cheddar’s Alex Heath.
The following are a few notes.
The crypto hype and volatility represent noise that can divert attention from the inherent opportunity of blockchain.
The utility of blockchain is contingent upon specific industry needs and may be influenced when regulatory frameworks are established that determine which information may need to be made transparent by industry participants.
Banks and the financial industry are presumed to be vulnerable to disruption. But in fact they are already so regulated that they will find blockchain helpful. Blockchain will be a tool for them and will not completely disrupt banking.
Central banks will ultimately issue their own crypto on blockchain.
However, in industries where margins are earned due to lack of transparency, whether finance or otherwise, those entities will be disrupted.
Companies represented by the panelists:
Developed in partnership with Nasdaq, NYIAX provides advertisers and publishers a platform to buy, sell, and re-trade premium advertising contracts in a forward/futures methodology.
Tradeshift is a web based business network and also a free invoicing platform founded by Christian Lanng, Mikkel Hippe Brun and Gert Sylvest.
Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, Internet of Things, supply chains, manufacturing and Technology.
Cheddar is a live-streaming financial news network.