Blockchain Economic Forum Brings Together Many Industries and Experts

Blockchain Economic Forum is organized in San Francisco on June 16 to 19. The focus of the event to discuss and analyze the impact of blockchain, tokenization and crypto finance on the global economy and finance services. Blockchain nowadays really brings together many kind of people: technology gurus, new business builders, finance professionals, policy makers, economists and idealists.

Grow VC Group Co-founder and Chairman Jouko Ahvenainen spoke in the event today. He participates in two panels: 1) Greatest Blockchain Use Cases for the Next Decade, and 2) The Future of the Banking (see presentations below).

The main topics in the future blockchain use case panel were:

1. Distributed data models, how people can own and use their own data, from finance and health care to daily retail data.
2. Integrated finance models, how finance components are integrated to many other services to offer a smooth customer experience, e.g. by combining lending to buy a car, or automated finance, smart contract and registration process, when you buy a house.
3. AI will come a fundamental component to all finance services, but with the blockchain there can be also AI that help ordinary people and make work for them.

The future of the banking panel focuses especially on the following topics:

1. Can banks survive, and especially, in which services can they can be competitive in the future.
2. Does the regulation save the banks, or is only a matter of time the regulators accept the new services models and develop the regulation?
3. What are the services and areas the new services can first challenge the banks.

One of the best comment in the banking panel came from the Silicon Valley Venture Capital veteran Pavel Cherkashin, "Regulation is not an obstacle to develop new fintech and blockchain services, we venture capitalists invest all the time in services that are illegal, like Uber and airbnb in many places, it is to get critical mass and the regulation follows."

Blockchain Economic Forum web site.

The future of the banking from Grow VC Group

Greatest blockchain use cases for the next decade from Grow VC Group