On November 9, 2018, TF Blockchain hosted several influential blockchain speakers and developers. They included Jason Duty, Symon Perriman of FanWide, John Wantz of EVERY*, Dan Itkis of GRAFT and Richard Luck of DECENT.
This powerhouse panel came together to talk about Empowering Consumers with Blockchain. Symon Perriman has created the ultimate platform for bringing sports fans together wherever they are in the world. After attending TF1, Symon partnered with FanChain to incorporate cryptocurrency into his platform. Check out Symon’s journey from attendee to speaker with our 1-on-1 interview with Symon here.
Richard Luck who works for Decent, states that blockchain technology has helped improve insurance. His company provides insurance to self-employed and low-income individuals through the power of blockchain where insurance can be highly controlled. However, he argues integrating advancing AI technologies with blockchain will bring even better performance for consumers.
Dan Itkis, of GRAFT, notes that the additional computing, and better usability might remove controlling power of big companies. With over 20 years of experience as a digital architect, Dan is building a global, real-time, payment processor powered by blockchain. Graft is merging cryptocurrency with traditional point-of-sale systems for processing payments.
John Wantz of EVERY* adds that companies using blockchain technologies have better competitive advantage. He states in other systems processes are slow and less transparent. This was a catalyst to open the discussion about whether one should create his/her own blockchain or hire people to create one.
According to the speakers it depends on the size of the firm and the level of control you need for your business. However, all agree that for small businesses it would be logical to use existing blockchain while slowly creating a customized blockchain.
Collectively, all of the speakers agreed that blockchains need to create proper UX for easier usability for consumers. In addition, they agree that there is so much untapped computing power to aid blockchain networks. To learn more from our panel, check out the full presentation below.
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