What a Blockchain Economy Will Look Like

It always takes time for revolutionary technologies to establish themselves. Blockchain is no exception. Although the pace of mass adoption is speeding up – the telephone took 70 years to achieve 50 per cent market penetration among consumers, while smartphones managed that in three – blockchain is more akin to a general-purpose technology such as electricity in its ability to transform a wide range of commercial activities. As such, it must solve engineering problems that constrain its growth, of which lack of speed and scalability is the most obvious. But blockchain shares with all forms of digital technology the ability to scale exponentially once the engineering problems are solved. This webinar, hosted in partnership with Trade and Invest Wales and Fintech Wales, will assess how close blockchain technology is to taking off into exponential growth and how it could change the entire shape and structure of economies.

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