In spite of frenzied activity in blockchain research and development, industry insiders doubt that the technology is ready yet for deployment.
CoinDesk spoke to a range of executives developing enterprise blockchain solutions about their outlook for the technology and the sector.
While some believe that the projects need to start showing results soon to avoid disillusionment, most advocate a careful approach, especially given the sectors' systemic importance.
Several insiders indicated that attention was now drifting away from pure blockchains and towards distributed ledgers, which harness most of the blockchain's advantages while allowing greater flexibility.
The consensus seems to be that a lot of work is still needed to fully understand the technology's potential. All in all, the 'slowly but surely' approach seems to be winning the day.
LendIt USA is the world's biggest show in lending and fintech, and in 2017 the event will return to New York City with a new track specifically designed for blockchain thought-leaders. LendIt is proud to welcome CoinDesk as the track media partner, and CoinDesk will also feature in the agenda. Readers save 15% with VIP code Coindesk17USA.
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Why Cities Will Soon Choose Digital Currency Over Fiat Money *Opinion*: Pavel Bains, CEO and co-founder of Bluzelle, predicts that within 10 years, we will see a city separate from its national currency and operate with a distinct digital currency. The benefits, Pavel argues, would be greater economic autonomy and flexibility, which in turn could redistribute growth more evenly. Read more.
Blockchain as a Geopolitical Tool *Opinion*: News coming out of the UAE on blockchain pilots, research initiatives, sector events and even working platforms indicates an overlooked trend: that blockchain technology is about more than increased efficiency and new business models. It can also be about future-proofing the development and relevance of entire regions. Read more.
The Passion of 'Bitcoin Jesus': How The Blockchain's Most Beloved Investor Became its Most Polarizing CoinDesk takes a look at the intensifying polarisation of the bitcoin ecosystem, and the personalities involved. In one corner, we have Roger Ver, who supports Bitcoin Unlimited and a larger block size. In the other, we have the Bitcoin Core developers, who have put forward Segregated Witness as a first step toward scaling. Both sides, signs indicate, seem to be digging in. Read more.
Ethereum Payment Channels Could Enter Production in 2017 According to Ameen Soleimani, a software engineer at ConsenSys, work on the Raiden network's protocol implementation is "largely finished". The network is an open-source effort to bring micropayments to ethereum, possibly opening the door to IoT applications. Read more.
Meet the Ex-Banker Using Ethereum to Take On Traditional Hedge Funds CoinDesk spoke to Mona El Isa, founder of Melonport, an ethereum-based asset management platform that hopes to level the playing field in the powerful but exclusive hedge fund sector. If it succeeds in convincing managers to re-think the traditional mechanism, the result could be a re-drawing of the financial sector. Read more.
Drugs, Code and ICOs: Monero's Long Road to Blockchain Respect While many praise monero for the strong price performance of its underlying token, the blockchain's principal maintainer prefers to focus on the number of users. In conversation with CoinDesk, Riccardo Spagni highlights the cryptocurrency's technological achievements, including the case that it might be the first truly fungible digital currency. Read more.
Bullish Sentiment Fuels Bitcoin's Return to $1,000 In conversation with CoinDesk, market insiders indicate that China's bitcoin investors are returning to the market, with many regarding the Chinese central bank's recent interest in bitcoin as having bestowed legitimacy. However, sources indicated that traders are braced for further actions. Read more.
OKCoin Publishes, Then Withdraws Bitcoin Exchange Fee Update In a post on its China-based website, the exchange indicated that it would offer zero-fee trading to those who provide liquidity. The notice was soon removed, however, indicating confusion in the aftermath of the fee change encouraged by the Chinese central bank, and the resulting volume decline. Read more.
Two Hawaiian Politicians Want to Explore Blockchain for Tourism Legislators have filed a bill to create a working group dedicated to researching the technology, with the partial aim of developing services to promote spending by visitors to the islands. Read more.
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GENESIS TRADING - Research Associate
The Research Associate will support the continued growth and expansion of the business, and will proactively assess new market opportunities and products within the digital currency space. More info.
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