On September 20th, 2017, Blockchain Live 2017 brought together some 900 adopters, explorers, and enablers of blockchain technology in the heart of London’s financial district. We had the honor and the privilege of attending the event as a guest of Block.One. Here are our key takeaways.
1. Blockchain technology will forever change traditional commerce.
Blockchain technology gained early traction in the world of cryptocurrency, but its potential is nearly limitless. Blockchain technology may be used to exchange anything of value in a transparent and conflict-free way. Whereas traditional commerce relies on intermediaries, such as credit bureaus and a variety of other firms to verify identity and ownership, blockchain technology could reduce and even eliminate the need for intermediaries in the very near term.
2. Decentralization will change the world.
In addition to its business impacts, blockchain technology will have profound social implications. With a system of accounting that does not depend on a single government, set of regulations, or trusted intermediary, the supply chain becomes equally accessible to everyone. Blockchain technology will enable transactions that were once impossible for some parts of our population.
3. The time to act is now.
The global blockchain technology market is expected to reach USD 7.74 billion by 2024. Thousands of startups are actively focused on how to disrupt every industry using blockchain technology.
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