Blockchain Expo: Maturing blockchain industry paves the way for enterprise adoption

A session at this year’s Blockchain Expo Europe highlighted that blockchain is reaching a stage of maturity that paves the way for enterprise adoption.

The session was presented by Pedro Lopez-Belmonte, Senior Manager of Web3 and Technology Innovation at Richemont, on day one of Europe’s leading blockchain conference.

One of the first charts presented during the session was Gartner’s hype cycle, which shows blockchain platforms now leaving the trough of...

Zack Gall, EOS Network Foundation: On forking to a new protocol

EOS Network

Zack Gall, VP of communications at EOS Network Foundation, spoke with The Block ahead of EOS's upcoming talks at Blockchain Expo Europe on 20-21 September.

The Block: What is the EOS Network Foundation’s current core focus?Zack Gall: We serve as the hub and shepherd of the EOS Network, coordinating both financial and non-financial forms of support to encourage the growth and development of the EOS Network, through its constituent projects, entities, and creators. It’s a...

Nigeria plans to create a crypto-friendly free zone with Binance

Nigeria

The Nigerian government is in discussions with crypto exchange Binance regarding a potential crypto-friendly economic zone similar to Dubai’s virtual free zone.

On 2 September, the Nigeria Export Processing Zones Authority (NEPZA), announced that it had held preliminary meetings with Binance and tech infrastructure firm Talent City to talk over the proposed “first Virtual Free Zone in West Africa”.

The zone would focus on blockchain and the digital economy, making...

Jeremy Epstein, RDX Works: On the ‘practically unlimited scalability’ of Radix

Radix claims it will offer “practically unlimited scalability” with its novel consensus algorithm, Cerberus.

In 2019, Radix set a record for decentralised ledgers when it demonstrated the ability to process over one million transactions per second. For the demonstration, Radix replayed 10 years of Bitcoin’s transaction history in under 30 minutes. That demonstration used Cerberus’ predecessor, Tempo.

Despite the record-breaking demonstration, it was...

‘Most of crypto is going to go away’ says JPMorgan blockchain lead

Trash

JPMorgan head of blockchain and digital assets, Umar Farooq, has stated that the majority of crypto assets on the market today are “junk” and that it will take time for real crypto use cases to emerge.

During a panel at the Monetary Authority of Singapore’s Green Shoots Seminar on 30 August, Farooq also said that regulation in the digital asset space was not keeping up with the industry’s advances.

In his view, this is holding bacl many traditional finance...

CasperLabs: On delivering ‘the vision for Ethereum 3.0’ today

CasperLabs believes its blockchain has solved Vitalik Buterin’s infamous trilemma and is already delivering “the vision for Ethereum 3.0”.

The Block caught up with Casper Labs’ CTO and Co-Founder Medha Parlikar, and Senior Business Development Manager Niamh O’Connell, to hear more about the blockchain that claims to be several years ahead of Ethereum in technical advancements.

The Block: Vitalik Buterin’s “blockchain trilemma” suggests that any blockchain...

Chris Dixon, a16z, says crypto can shift power away from Big Tech

Web3 network

After raising a record-breaking $4.5 billion (£3.8bn) for its latest crypto fund earlier this year, Andreessen Horowitz (a16z) has said it sees the ongoing market downturn as an investment opportunity.

Chris Dixon, the founder of a16z’s crypto arm, believes cryptocurrency has the ability to disrupt the power imbalance between consumers and big tech companies like Meta and Twitter.

In an interview on FT's Tech Tonic podcast, Dixon said that power on the internet...

Samsung was the most active investor in blockchain this year

Samsung

Market intelligence platform Blockdata has identified Samsung as the most active investor in blockchain over the past year.

The Korean tech giant participated in thirteen funding rounds from September 2021 to June 2022 for companies including Bored Apes Yacht Club developer Yuga Labs, Axie Infinity owner Sky Mavis, and blockchain gaming company Animoca Brands.

Most of the corportation’s investments came from Samsung Next, the innovation arm of Samsung Electronics that...

Rory, Redlight Finance: On launching a blockchain in a bear market

Redlight Finance is preparing to launch a blockchain that it believes solves the infamous “trilemma” of earlier platforms.

The Block caught up with Rory (aka "RED") to learn more about Redlight Chain and why it’s proceeding with launching in a bear market.

The Block: Why have you decided to launch Redlight Chain rather than support an existing blockchain?

Rory: We decided to launch Redlight Chain rather than support an existing blockchain because we...

Ripple: Most financial institutions plan to use crypto within three years

A report by Ripple suggests that most financial institutions plan to start using crypto within the next three years.

Despite the bear market, financial institutions remain interested in the cryptocurrency space. Just this week, $10 trillion asset manager BlackRock launched a spot Bitcoin trust while saying that it’s also exploring “permissioned blockchains, stablecoins, cryptoassets, and tokenization.”

While BlackRock is exploring the potential financial benefits...