Inside The Blockchain Trends You Need To Know Now Posted on : Aug 20 - 2018

Nearly every week there seems to be a conference in one city or another around blockchain, cryptocurrency or a combination thereof. While few have yet to reach the breakout status of such events as Consensus, there are some intriguing brands building buzz such as CryptoBlockCon. In fact, a number of key insights and trends-to-watch were the result of their most recent conference, and there are a few takeaways that will be helpful for your fourth industrial revolution arsenal.

Having recently completed the conference's Los Angeles date and right before the London, England and Las Vegas, Nevada conference dates to be held during fourth quarter,  the CryptoBlockCon team leveraged its 20 years of experience producing thought leadership-oriented programs to provide a platform from which executive leaders in the space could share challenges, collaborate and create solutions.  "For those yet to discover blockchain," explains Wyatt Hoover, Executive Director of CryptoBlockCon,  "we provide educational opportunities to help entry-level enthusiasts, entrepreneurs and investors get started and, of course, understand all the opportunities and risks associated with those activities."

Indeed, executives such as Gil Beyda, Managing Director at corporate venture capital firm Comcast Ventures and Founder and Managing Partner at Genacast Ventures spoke at the event on the topic based on his experience and analysis of this growing arena. "From an investment perspective, the blockchain and crypto space is one of the most exciting places to be right now," he said. "In terms of blockchain and crypto technology, it’s not the early innings of adoption, but in the pre-game. So we’re investing early to help understand the space."

Beyda notes that a particularly exciting sub-category-to-watch is that of identity. "With widespread data breaches and complex regulations, companies are struggling to keep up. An example of a company innovating in this space is BigID, which helps enterprises find, analyze, and de-risk identity data for personally identifiable information (PII) protection, privacy and governance," he says.

Beyda notes that a second area-to-watch is that of application of blockchain technology in the enterprise rather than the consumer space. "Businesses are rapidly experimenting and iterating with consensus-driven business models that enable companies to transact without the need for trust. This technology has the potential to change the landscape for supply chain and financial transactions over the next two-to-three years," says Beyda.

Steve Masur, an attorney and partner at Masur Griffitts + LLP  spoke about the need to watch for legal impediments that may stand in the way of this new arena and how to reconcile those interests, particularly as they pertain to startups. View More