First Annual London Blockchain Conference a rousing success

First Annual London Blockchain Conference a rousing success

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The London Blockchain Conference got off to a promising start last Wednesday. Held at the Queen Elizabeth II Centre, the venue was at capacity with around 1,000 guests in attendance. People were seen queuing outside the building waiting to get in, which was a fantastic turnout for the first event.

The London Blockchain Conference, which was held from May 31 to June 2, is primarily aimed at spreading awareness of real-world data problems in both the public and private sectors and how enterprise blockchain can help solve them. This is a very timely issue to address as the world increases digitization and digitization to move forward in the digital economy of the future.

With the theme “Bringing Government and Enterprise onto the Blockchain”, the three-day event presented two different stages simultaneously. The business stage was for managers, investors and entrepreneurs who wanted to know how blockchain for enterprise tools can help improve their processes and systems to maximize profits and expand market share.

The technical stage, on the other hand, attracted developers who wanted to learn more about the nitty-gritty details of creating effective blockchain-based platforms. Each day was jam-packed with panels and keynote presentations by well-known business leaders and blockchain experts.

One of the more interesting panels on Day 1 discussed the role big tech will play in mainstream blockchain adoption. It is expected that the technology giants Apple, Microsoft, Google and Meta will be decisive in the mass rollout of blockchain-based products and services.

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The panel was composed of Amazon Web Services EMEA Web3 developer Alex Matsuo, CoinGeek writer and technical editor Joshua Henslee, Web3 technology firm 4Chain co-founder and CEO Marcin Dyba, and fintech company Qenta CAO Nirali Shah.

Each of the panelists agreed that big tech needs to work with the new generation of developers to facilitate the mainstream adoption of blockchain at a faster rate. According to Matsuo, Amazon’s current goal is to transfer 1 to 2 billion users to Web3. And the tech giant recognizes the important role of different types of innovators, even “two mates in a garage creating the next unicorn.”

Credit: London Blockchain Conference

It cannot be denied that market leaders will play a significant role in widespread blockchain integration. However, it may not happen as quickly as people think due to red tape and the many things that need to be considered before a new technology is actually rolled out. Shah stated that licensing and regulation are also important factors to consider before considering actual adoption.

This is also another reason why the drive for mainstream blockchain adoption may come mainly from unaffiliated and novice developers, as well as startups. “The challenge is that these companies are big, so they’re slow… It’s not as fast as the individual, so in the short term, individuals are going to vote with the chain they’re using,” Henslee explained.

Although blockchain adoption is still in its early stages, with mainstream use possibly years away, goal-oriented events like the London Blockchain Conference greatly help spread the right information about emerging technologies. Ultimately, blockchain integration will only be achieved when platforms and applications are developed in the right way and for the right reasons.

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“It’s important to look at the problem and see if blockchain is the solution, not just integrate blockchain for the sake of it,” Dyba said.

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