The city of Chicago witnessed its biggest Blockchain event, Voice of Blockchain on August, 24-25th 2018 at the Navy Pier. The event was organized by Chicago Blockchain Project with title sponsors 1871 Chicago and Democracy Earth, with support from Parkar Consulting & Labs.
The Voice of Blockchain was created to advance Chicago as a global leader in the emerging field of blockchain technology where collaboration is incentive through an ecosystem engineered to benefit individuals, small enterprises, and corporations.
Here are some insights you that may interest you:
The event witnessed over 1600 attendees to the cavernous Festival Hall A at Navy Pier. The speaker list included Matt Roszak of Bloq, Jimmy Song of Blockchain Capital LLC, Will Munsil of Sweetbridge, Rumi Morales of Outlier Ventures and Edmund Moy, the 38th Director United States Mint.
- Why Chicago and why blockchain: The “Why Chicago” panel was yet another display of the nagging insecurity that led the city to be labeled as “the second city” in the first place. “We believe Chicago can be the go-to place for blockchain technology and expertise, and we couldn’t be more excited to support this event for our community and the tech industry at large,” Betsy Ziegler, CEO at 1871 and partner to the Voice of Blockchain event, said in a press release.
- Technology needs to be ready to support blockchain: Terry Xing, CTO of Upower, said blockchain is still in its early stage and we must make sure the bottom layer of technology can support the upper layer. Currently, “the lower layer of the structure can’t support a mass application” of blockchain, he said.
- Scaling Is definitely a major concern, but people aren’t quite sure what to do about it: This was a frequent discussed problem for the future of blockchain, and no one seems to have a good way of fixing it. A few companies presented their ideas and development, but even they tended to admit that they were still falling short of where things need to be. There were numerous panels focusing specifically on scaling issues, with perhaps one of the most attended panels being the debate between Nano and the Bitcoin Cowboy. Regardless, it is an issue being actively worked on, and hopefully someone has the solution soon.
- Data silos in blockchain: Monali Shah from HERE IoT City Solutions said that, one of the priorities is to break down the data silos, in this way, people will not be separated and will be able to share data and produce useful information. In a smart city, people can better respond and make better decision to improve transport and road safety with open data strategy. Distributive ledger technology provides a way to increase the quality to help the flow of data, and the flexibility of the system by a better traceability, hence facilitate the ecosystem of data sharing.
- The future of smart cities and blockchain: Jerry Quandt, Executive Director of Illinois Autonomous Vehicle Association, said that smart cities are automatic not only to transfer people but also to transfer individual’s need of services, hence the connectivity, safety and security of your information are of top importance. Distributive ledger technology can ensure transparence and usability of data, help to create true, and dynamic smart cities, and to find different approaches to identify values.
Want to know more about blockchain and how your company can prepare? Register here and listen to our thought leaders sharing their experience and exploring some real use cases.