Highlights from World Blockchain Forum on blockchain application in financial services
In late September, Kadena leadership spoke at the World Blockchain Forum, a global conference dedicated to furthering the discussion on blockchain technology, trends, and applications.
The conference identified several advancements and opportunities for blockchain in fintech. Kadena Founders Stuart Popejoy and Will Martino spoke on two separate panels to share their views on blockchain’s application in financial services and larger industry trends.
One of the panel topics, “Blockchain & Fintech Industry Trends,” addressed the difficulties of navigating real business use cases, which often experience challenges concerning government regulation, user trust, and ease of use.
On the key to blockchain adoption, Will Martino said,
“One of the things that is going to be required to have a real business use case is a platform where you can build real technology. The next platform that can actually demonstrate real business use cases, in a way that is compliant, is one that people are going to flock towards.”
A second panel covered blockchain applications in financial services. Naturally, venture capital was addressed in the discussion, as VC funding plays a large role in the development of blockchain technology. Stuart took the chance to acknowledge venture funding’s limitations that can complicate the relationship between funding and blockchain technology.
Despite some of the hurdles with fintech, both Stuart and Will agree that solutions are within reach. In the years to come, blockchain technology will be at the forefront of change.
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