I think non-financial use cases of
blockchain are just emerging the biggest
such application currently are nfts or
non-fungible tokens which represent
unique assets things like Collectibles
primarily today but there's been an
explosion of representing other types of
assets things like carbon credits real
estate Securities and those kinds of
things fundamentally you can think of
blockchain as creating more efficient
usage or exchanges in almost any Arena
one way to use blockchain is to track
energy and and how it's used throughout
a grid and being able to then help
people figure out how to use it much
more efficiently
any time where there's like a contract
the participants they need some level of
trust right and usually we bring in
lawyers to do that and it's great
lawyers are an awesome solution to that
they're also an expensive solution to
that blockchains can create situations
they can't solve every problem but they
can create situations where we don't
necessarily need a lawyer to be involved
because things that the lawyer would
take care of can happen on the
blockchain in a way that everyone can
trust currently when we upload photos or
videos we don't actually have ownership
over that data so there's a huge
opportunity in terms of how do we
communicate with people that we love but
also how do we create online
what excites me most about blockchain is
the opportunity to deal with the wealth
Gap blockchain enables opportunity
because in this space we get to
de-identify ourselves and now I'm able
to interact with people anonymously or
pseudo anonymously with just as a series
of numbers my public key and I can
participate in any type of use cases
that I want without having that
regulation preventing me simply because
you know I'm of a particular demographic
or a particular gender My Hope for the
future of blockchain is that we find
ways to solve problems that we haven't
been very good at solving Financial
inclusions an obvious one blockchain
technology either by itself will solve
this problem or it will push governments
to put in more sensible regulation to
have more sensible policies on access
that'll solve the problem the thing that
keeps me up at night that I'm really
worried about is that we will wind up
whether accidentally or deliberately
rebuilding the same biases that we have
in our existing system
foreign
there definitely are environmental
impacts when it comes to blockchain
technology with Bitcoin it's proof of
work and proof of work requires energy
consumption but the value that Bitcoin
brings is much higher than that energy
consumption the environmental impacts
are disastrous in the case of the proof
of work Technologies that's Bitcoin as
an example so proof of stake is another
form of consensus system we have
stakeholders that stake on a on a
blockchain to say that this block is
valid so using proof of stake we're
actually not expending any electricity
usage a lot of people believe that it's
it's less decentralized so I think
you're going to see blockchain reducing
its own carbon footprint meanwhile
providing Technologies and abilities
that will help improve things outside of
the blockchain space
I believe that crypto currency in
blockchain are going to continue to grow
and be widely adopted it's true that it
goes through Cycles so sometimes we'll
see a massive run-up and then a
correction but if you zoom out over
these from one cycle to the next it
continues to grow at a really rapid Pace
my biggest concern with blockchain
technology is that it's developing very
fast but the regulators and governments
don't really understand it they don't
know how to regulate it they will
eventually but short term they don't and
it's important to agree across countries
not just in one country it's already
become a an underlying layer for lots of
systems and applications worldwide and
so it's pretty difficult to at this
point stop using blockchains do I think
decentralized permissionless open
networks are here to say I certainly
hope so and I think Bitcoin demonstrated
that they are at least that one seems to
be over a decade in existence will the
new one survive it's really anybody's
guess it's impossible to know for any
new thing we need a lot of evidence to
believe that it's really going to be the
next big thing and in the case of
blockchain we just don't have that
evidence yet blockchain's helping push
the technology it's pushing ideas it's
pushing competition but sometimes the
first mover isn't the one who wins