Grainne McNamara, blockchain lead at PricewaterhouseCoopers, discusses the adoption of blockchain amid the crypto bear market.
McNamara expresses the challenges of blockchain development in the USA vs China, including more favorable regulatory environments overseas and also that international markets may leapfrog the US because they have less network system fixes required.
She notes that the biggest blockchain interest is representing physical assets in digital form and connecting companies in the supply chain while changing the economics of how goods and services move around.
Charles Hoskinson is a former co-founder of BitShares, Ethereum and Ethereum Classic and is a co-founder of Cardano. Hoskinson is currently the CEO of IOHK, a technology company that leads the development of Cardano (ADA) and Ethereum Classic (ETC).
In this interview he talks about solving real-world problems with blockchain and cryptocurrency, citing examples in Africa, where the interview was held.
Hoskinson refers to Cardano as part of a 3rd generarion of cryptocurrencies.
65 percent of respondents ranked them [IBM] as the first choice for deploying a blockchain. Microsoft was second to IBM, with just 7 percent of the votes.
The same survey also found that nearly half of companies were considering using Ethereum as their platform of choice. The longevity of this pattern is debatable in relation to the rise of its primary competitor EOS.
It’s no secret that the economics of 21st century journalism is in trouble.
Hari Sreenivasan from PBS in NY explores an attempt to use blockchain for the purpose of solving two major issues with modern journalism:
The growing trust gap between consumers and news organizations
Financial sustainability
The New York-based startup Civil launched last year with the goal of using blockchain — the same technology that powers the cryptocurrency Bitcoin — to help to build a network of independent news organizations with a sustainable business model. Civil hopes to create a new economy for journalism, including its very own cryptocurrency, the “CVL” token.
Trybe launched an EOS airdrop this week that didn’t go well, including the necessity to unilaterally take back crypto that was inadvertently overpaid. Learning experiences resulted. One suggestion was to build in a grace period to allow reversion of errors. That may not always be practical, but under certain circumstance the concept could be useful.
John Biggs makes the case that “Crypto is falling because the people in it for the short term are leaving. Long term players – the Amazons of the space – have yet to be identified.”
I concur.
Having lived through (and been adversely effected by) the dot.com crash at the turn of the century, I see nothing more than a natural evolution of blockchain and crypto finding its feet while falling headlong into the chaos of a new financial and business framework.
A real market shakeout could establish the environment for sensible innovation to solve serious issues from fundamental direction of just how decentralized world commerce should be in coordination with the technical ability to quickly process the same commerce.
The technical stuff will be solved.
The policy and political stuff (or lack thereof) is a battle worthy of thoughtful consideration.
The opposing philosophies vying to shape today’s blockchain battles have the potential to define things well into the future. By the time much of the world has a chance to consider if blockchain and cryptos should be subject to more or less government regulation, the ramparts may have already been established.
Jeff Berwick is Editor-in-Chief at The Dollar Vigilante, which represents itself as the economic thinking of libertarian purists (anarcho-capitalists), grounded in free-market Austrian economics.
This talk was held at the Blockchain Summit London.
Berwick speaks of the historic rise of Bitcoin as the biggest threat to central banks and governments in history. He describes central banking as a scam which impoverishes the 99%.
He discusses how central banks and the Rothchilds use money to control the population and the world.
Before the video interview was removed, Christopher Woodrow was discussing using blockchain to finance feature film productions via MovieCoin in partnership with BANKEX.
MovieCoin describes itself as “The Fintech Platform for the Entertainment Industry.”
Founded in 2017, MovieCoin has offices in Vancouver, British Columbia and Santa Monica, California.
Woodrow notes that the big source of Chinese movie financing has been drying up and he believes MovieCoin will be a big player in the future of film financing.
Tokens that are readily available to trade on an exchange are more liquid than equity. Hence, tokens provided to early employees as an incentive for early support in a new company’s evolution are more beneficial to the employees, since they can convert them to cash right away.
Of course equity requires that employees devote themselves to the long-term success of the company to benefit from a liquidity event some day in the future. This would seem to better support the future of the business and hence the employees.
We’ll see how the new blockchain economy plays out with blockchain startups as time progresses.
Brian Armstrong is CEO of Coinbase, which has recently grown to over 500 employees (founded in 2012). Coinbase is working to establish an open financial system for the world that will create innovation, efficiency and economic freedom.
They aim to be the trusted, legal compliant place for people to trade crypto.
Coinbase is known for being the most popular exchange for converting fiat currency into crypto — most of the largest traded exchanges are crypto-to-crypto — but he foresees a future in which it plays host to a growing number of cryptocurrencies as it becomes standard for companies to create their own token, which runs alongside equity as an alternative investment system.
Armstrong states the investment phase is driving the crypto market but the utility of blockchain is where the long-term value exists.
Armstrong articulated that:
Web 1.0 was about publishing information, web 2.0 was about interaction and web 3.0 is going to be about value transfer on the internet because now the web has this native currency and so applications can be built that instantly tap into this global economy on the internet.
