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Q&A: What industry is the hardest to innovate? | Christine Leong, Nathan Cropper | #LDNBlockchain23
Discover the industries that are hardest to innovate, the impact of Eastern governments on blockchain adoption, and insights on choosing the right blockchain for your use case, scalability, and ease of use.
- Governments are already implementing blockchain solutions globally, and Eastern governments are willing to innovate and adopt new technology.
- Real estate and infrastructure are difficult to tokenize and standardize.
- There is no single, dominant blockchain; instead, there are several blockchains with different use cases.
- Ethereum, Hedera, and Polygon are carbon-neutral blockchains.
- The next wave of innovation in blockchain is in use cases, business design, and scalability.
- The industry that is hardest to innovate is often government, which requires a change of mindset and alignment with global standards.
- Low fees, scalability, and ease of use are important factors in choosing a blockchain.
- Multiple blockchains can coexist, each with different strengths and weaknesses.
- Immutability, data sharing, and sovereignty are important considerations in blockchain technology.
- The World Economic Forum and the Bank of Singapore are working together to develop standards for digital signatures and data sharing.
- Innovation in blockchain requires a willingness to adapt to changing technologies and a recognition of the importance of data sharing and immutability.
- Blockchain companies must demonstrate stability, security, and scalability to be considered for infrastructure use.
- There are multiple blockchains, and each has its own strengths and weaknesses.