Can blockchain still transform the world? 9 insights from an expert panel

#News(IoTStack) [ via IoTGroup ]

We spoke to Jessi Baker, founder of blockchain startup Provenance, Nicolas Brand, partner at Zurich and Berlin-based VC firm Lakestar, and Pēteris Zilgalvis, head of the digital innovation and blockchain unit in the European Commission.“The whole space has developed slower than I thought — I had a good dose of naivety in 2013,” said Baker, referring to the year she founded Provenance, which tracks the origin of products and their impact.

The hoped-for blockchain utopia is a world unshackled from legacy financial intermediaries — like high street banks — but also from big tech institutions which some argue have evolved into gatekeepers.The hoped-for blockchain utopia is a world unshackled from legacy financial intermediaries — like high street banks — but also from big tech institutions which some argue have evolved into gatekeepers.She wants to see a decentralised network of blockchains take control away from the likes of Google and Facebook.

“It’s a really exciting vision for the future internet that allows a fairer tech ecosystem, one that’s in the hands of the many,” Baker said.2.There are too many blockchains
“It’s quite overwhelming, there’s loads of different blockchains, tonnes of different governance structures — and lots of these structures are quite centralised,” Baker said.“I find it quite frustrating because there’s amazing potential for this tech that at the moment is being overshadowed by the crazy energy-guzzling,” said Baker.4.

Virtual sneakers are a hot new blockchain thing — no, really
“They’re [mainly] going to AI and blockchain companies,” Brand said.“The desire to experiment in decentralisation today, independent of the [blockchain] hype cycle, has never been higher,” Brand added.It’s more like ’80

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