Beyond the hype blockchain

Carla and David shared tips on getting VC funding, key highlights on funding, maturity, product use cases and success stories in the B2B Blockchain ecosystem. She started her career in a Chinese corporate venture capital fund, helping them to settle an office in the UK and to identify investment opportunities in European tech startups. This is where she first came across blockchain technology, four years ago. Carla joined LeadBlock Partners in transitioning from Investment Banking at Natixis, to support the team in the sourcing and screening of B2B blockchain startups worldwide.

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WATCH RELATED VIDEO: Blockchain Beyond the Hype - David Schwartz

Blockchain: Getting government beyond the hype

As promised, I am not merely setting out to point out the problems and pout at them, but rather, the whole aim of this is to put solutions on the table. This is not — multiple other countries have regulated the industry, and we are facing stiff competition from the likes of Singapore, Switzerland, Germany, Luxembourg, and the United States. The said costs, coupled with the significant reputational damage that Malta has suffered over the past couple of years along with the mishandling of the implementation of the VFA Framework, have pushed Malta several rungs down the crypto ladder.

Then, a comparative analysis with other competing jurisdictions needs to be carried out, in order to determine the extent to which such costs exceed those which are incurred in such other competing jurisdictions.

I can, for example, confidently confirm that Malta is way more costly for regulated crypto businesses than Liechtenstein and Singapore.

Secondly, and perhaps just as important, is the need to reduce the suffocating red-taping involved in the application and post-licensing processes, without reducing the high standard of regulation that Malta now has rightly set for the industry. One of these should be eliminated. The same can be said for the systems audit requirement imposed on effectively each and every VFA Applicant, where such systems audits need to be carried out in effectively the same way regardless of the VFA licence category being applied for, or the technical platform employed by the same applicant.

A more ad-hoc approach, even case-by-case, needs to be applied in this regard. The VFA Agents need to have their responsibilities recalibrated. There is a clear conflict of interest between their servicing the client, and acting as the lunga manus of the MFSA.

They cannot be both the judge and the jury. It is perhaps time to consider scrapping the concept of a VFA Agent and introducing regulatory safeguards that aim to further ensure the quality of applicants and their applications.

Moving on to the technical side of things, we need to recognise the fact that when analysing ITAs, the focus should be solely on the technology itself, not who devised it, their paper-based qualifications, etc. Most of the prominent blockchain-based applications that we see being devised around us are built by cypherpunks who are reluctant on divulging too much information about themselves, and simply seek recognition of the work they develop, which is why they are seeking audits by private companies rather than public authorities.

Moreover, they would have little to no academic qualifications to show, mostly due to the absence of specialised courses covering blockchain-based development. We need to recognise and acknowledge this fact and make it clear that such technical audits are limited to the technology itself. More importantly than anything being suggest ed above, it is the jurisdictional mentality that needs to change.

And to crown it all off — prioritise, over and above anything else, the digitalisation of vital processes and procedures. Start off with the full digitalisation of the incorporation process with the Malta Business Registry, all the way to allowing the issuance of fully digital shares directly dematerialised onto the Ethereum blockchain.

It is high time to forget permissioned solutions that, unless tethered to a public blockchain, are frankly useless. With all this being said, the thundering question that abounds is: are we too late?

No, not at all. PayPal, J. Morgan, BNY Mellon, Morgan Stanley, Mastercard, Visa, and Rothschild Investments, amongst others, are only starting to officially jump on board and actively partake in the crypto industry. We must, however, be quick, as countries like Luxembourg allow for the direct issuance of shares onto a blockchain, and the state of Wyoming in the U. These are two concepts that we have worked upon and dropped the ball on, letting other countries pick up our ideas and implement them.

We must stop making such mistakes and recognise our worth as a jurisdiction that can lead the crypto industry. And last, but not least — you will have noticed that I have used the term crypto, not blockchain. Moving beyond the hype of the blockchain island 2. Jonathan Galea 6 min. Same Author Economy. Notify of. Inline Feedbacks. Most Read. Economy Getting the facts right about national debt TheJournal.

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Blockchain Conference Milan - Blockchain behind and beyond the hype

Speculation on the value of blockchain is rife, with Bitcoin—the first and most infamous application of blockchain—grabbing headlines for its rocketing price and volatility. Cryptocurrency market value is subject to high variation due to the specific volatility of the market. Yet Bitcoin is only the first application of blockchain technology that has captured the attention of government and industry. Blockchain was a priority topic at Davos; a World Economic Forum survey suggested that 10 percent of global GDP will be stored on blockchain by Deep shift: Technology tipping points and societal impact , World Economic Forum, September , weforum. Multiple governments have published reports on the potential implications of blockchain , and the past two years alone have seen more than half a million new publications on and 3. Most tellingly, large investments in blockchain are being made.

Blockchain-beyond-the- hype. Published May 18, in When Not to Use Blockchain.

Beyond the Hype: On Using Blockchains in Trust Management for Authentication

The technology changes. The team changes. The team members change. It can be argued that there is a consensus about the hype that Blockchain technology has caused. In fact, it is likely that the first word that comes up after hearing Blockchain is Bitcoin. Although the influence of cryptocurrencies has been undeniable, there is a wide range of use cases for Blockchain that range from food traceability to land registration. All in all, it seems that Blockchain hype is never-ending due to its inherent versatility.

Moving beyond the hype of the blockchain island (2)

beyond the hype blockchain

Blockchain is moving beyond proof of concept and into commercialisation, delegates at the Blockchain for Finance conference in Dublin heard. This is due, not just to growing awareness of the cryptocurrencies DLT supports, but the potentially even greater opportunities it offers to connect multiple parties, in a multiplicity of ways, across numerous sectors. What is the value proposition? A number of panellists were on hand to answer.

Before the advent of blockchain, strategies were lacking to fully secure and validate ownership of digital assets. Now, blockchain has the potential to enhance many of the systems that organizations have relied on for decades by building greater transparency, speed, reliability, and trust into core operations.

Blockchain beyond the hype... What is it good for?

I own and operate a consultancy that works with financial institutions on blockchain and Bitcoin projects. Will answer the questions: what is a blockchain, why all the hype, what makes a blockchain secure, what can be built on top of blockchains, what are some real-world use-cases? It seems that everyone is creating their own blockchain. Is this justified, or should they be using Bitcoin? This talk will use Namecoin and Monero as case studies to see what advantages exist for using a different blockchain, what approaches exist for doing so e.

Benelux Blog

If you believe the hype, blockchain is a revolutionary technology that will transform the way financial services operate. In the context of finance, blockchain can be defined as a digital platform that uses cryptography and a distributed messaging protocol to create a link between two or more parties to transfer asset ownership. The transaction is registered across a network of computers, in a distributed ledger. The promise of blockchain cannot be ignored. In capital markets, the technology has the potential to settle currency, equity and fixed income trades almost instantaneously, creating an opportunity for banks to eliminate intermediaries.

Following the collapse of Bitcoin prices and other cryptocurrency prices in late , the blockchain hype cycle began to wane.

Beyond the Hype: Cryptocurrency and Blockchain Technology

Over the last decade, international donors and the private sector have used blockchain across financial inclusion, digital government, and supply chain management. Blockchain is used to transfer and receive mobile money payments and record cryptocurrency transactions. Through their Coins. In Kenya, a business-to-business mobile money platform called BitPesa uses blockchain to improve cross-border lending and mitigate exchange risks between African markets.

The term blockchain can elicit reactions ranging from a blank stare from the majority of the general public to evangelical fervour from over-enthusiastic early adopters. But most people who know a bit about the technology detect a pungent whiff of hype, leavened with the suspicion that, when the dust settles, it may have a significant role to play as a component of digital transformation. Special report: How blockchain will disrupt business free PDF. Read More.

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Blockchain will impact multiple existing business models across almost every domain. Practical use cases, benefits and challenges across various industries will be explored. You will gain a clear understanding of Blockchain and where it stands today beyond the hype, the building blocks of Distributed Ledger Technologies and its most common platforms used today. Furthermore, you will identify what are the profiles and steps needed to adopt Blockchain in business. Unfortunately, the activity you have selected is not currently open for registration. Please click on the "Request Information" button to complete the Course Inquiry form. This will allow us to notify you as soon as a new section becomes available.

The traditional bedrock of trust that many businesses and entire industries have been built upon for years was sometimes as simple as a handshake agreement. The honest principle of trust between multiple parties still rings true today, however with the advent of new technologies, such as blockchain, disruption and transformation are on the horizon. To put it simply, blockchain is a distributed ledger technology that can record transactions between parties in a secure and permanent way. Blockchain brings to the table permanent, immutable, timed stamped records of the identity and ownership of transactions, all the while allowing those with access the ability to see and update the information easily.

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  1. Loyal

    IMHO the meaning is revealed from A to Z, the afftor has squeezed out everything that is possible, for which I respect him!

  2. Leyti

    But still! But still! I'll come up with a thought. Or I'll do my homework for tomorrow ... One out of five, the eighth won't come

  3. Aeacus

    I thank you for the help in this question. To you a remarkable forum.