Blockchain Is Over-Hyped … And A $4 Quadrillion Opportunity: Vonage Founder Jeff Pulver

Blockchain Is Over-Hyped … And A $4 Quadrillion Opportunity: Vonage Founder Jeff Pulver

Blockchain technology is over-hyped. And, it’s a $4 quadrillion opportunity.

Vonage founder Jeff Pulver said both those things today on-stage at Destination Experience Visionaries Summit in Kingston, Jamaica. One of the creators of our voice-over-IP protocols, Pulver is not insane, and not unaware of the tension between those statements.

So how does he reconcile them?

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“Blockchain is one of the most misunderstood technologies in the history of mankind,” Pulver said. “At its core is something many of us will never understand.”

That much is clear. Shake a stick on LinkedIn and you’ll find 500 “blockchain experts” that have never mined a genesis block or built a blockchain-enabled solution to a real-life problem. And most of us are not technical, not developers, and unaware of the details of the technology we use every day.

But why is blockchain a $4 quadrillion opportunity?

(That’s $4,000,000,000,000,000, fully written out, by the way.)

“We’re seeing an evolution of capital markets,” Pulver told me after the session. “Blockchain is enabling a new type of asset classes … for the first time we can create programmable securities for traditional public companies as well as private companies.”



(Why?)

Published at Fri, 18 May 2018 19:51:00 +0000

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