Although Switzerland's Crypto Valley may seek to become a global blockchain hub, its government is too slow to adopt the technology even as Facebook's Libra incorporates in the country, according to Trust Square cofounder Daniel Gasteiger.
Getting blockchain right is hard enough - not to mention building consortium, says Steve Cerveny, founder and CEO of Kaleido, a Consensys Enterprise Business that offers blockchain as a service.
Blockchain technology and digital assets have the potential to change the entire finance industry. These blockchain-powered payments networks enable cross-border payments to be hassle-free by having a standard set of technical specifications and standards – reducing confusion and ensuring that all members of the network have access to the same technology, says Ripple's Navin Gupta.
Identification on a protocol level could help blockchain become mainstream for blue-chip companies like MasterCard, Volvo and Geely if international regulations are met. Anonymity is "exactly what is hindering wider use of blockchain," said Concordium CEO Lone Fonss Schroder.
Using blockchain and encrypted computing in smart cities can protect user privacy as China builds out a new data infrastructure, says Vincent Wang, chief innovation officer at Wanxiang Group.
China's enormous market of 1.4 billion people means there is a large pool of human resources that can drive blockchain development and adoption, especially in the wake of endorsement from President Xi Jinping. Blockshine founder and CEO Layla Dong explains how China's burgeoning market can boost blockchain development.
And that’s a good thing for legitimizing blockchain and paving the way to tokenize real assets across industries, the enterprise blockchain creator said at Hong Kong FinTech Week 2019.
The Fintech Advisory Services monthly report details the main crypto-metrics and indicators for the past month: News, Market Performance, Networks, Mining Activity, Public Sentiment, and Academic Publications. The report also covers the latest “Hot Topics” in the crypto space. This month: Facebook’s Libra, Telegram’s TON, China's CBDC, and quantum computing.
Investment in Chinese blockchain projects reached USD$367.7 million in the first half of 2019. Blockchain Global CEO Sam Lee says Baidu, Alibaba and Tencent have fueled a breadth of tech talent.
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