Blockchain Experts from R3, MyLaminin, Proviniti, Amalgam, Aite-Novarica Talk Capital Markets, ID Management and Enterprise Adoption at The Blockchain Event in Fort Lauderdale
“Through the ups and downs of Crypto, there has been a quiet revolution brewing in the traditional and highly regulated Capital Markets space. Blockchain technology has been transforming the infrastructure of regulated markets, making them safer, cheaper, faster, and more efficient.
“I look forward to discussing how we at R3 are innovating in this space,” said Andrew Stakiwicz, Head of Sales Engineering at R3.
For regulated industries, only R3 delivers the three requirements for direct digital collaboration. R3’s Corda is a scalable, permissioned peer-to-peer (P2P) distributed ledger technology (DLT) platform that enables the building of applications that foster and deliver digital trust between parties in regulated markets.
Andrew is one of several noted blockchain industry leaders with whom I’m honored to share a stage with at 2022 Blockchain Event in Fort Lauderdale.
From capital markets, real estate, and cryptocurrency to supply chain, digital ID security, government, cannabis, and healthcare, blockchain adoption is skyrocketing. Despite many misconceptions regarding its utility, distributed ledger technology (DLT) is already mainstream.
Blockchain Applications and Use-Cases Disrupting Capital Markets (June 21)
On June 21, Vinod Jain, Senior Capital Markets Analysts for Aite-Novarica Group, Steve McCaffrey, Managing Director of Proviniti, and Andrew Stakiwicz will offer their insights on how Blockchain technology has fundamentally changed the way financial institutions operate, unlock liquidity, and underpin exchanges and market infrastructure. This discussion will provide an in-depth look at emerging DeFi applications and the benefits of programmable digital assets, and how Avalanche, R3 and other platforms are transforming capital markets, adding value, speed, real-time access to capital, and security across buy side, sell side, intermediaries, and other stakeholders.
According to McCaffrey, “DAML as a language has helped to push chains to be put together from different vendors/platforms. We have seen several large back-office providers that have kicked off various big projects with their clients in particular with Repos.”
NFT Utility: Tokenization and Potential Use-cases Beyond Memes & the Metaverse (June 22)
Steven McCaffrey will also join me on Wednesday for an exciting deep dive into the world of NFTs.
Non-fungible tokens (NFTs) have captured the public’s attention. Celebrities like Snoop Dogg, Jay-Z, and Mark Cuban have spent millions on collectibles, like Bored Ape Yacht Club and virtual real estate. However, the tokenization of digital assets offers a much wider breadth of applications for managing assets, logistics, sensitive data, commerce and more.
This session will provide an in-depth look at how NFTs can be – and are – utilized in various real-world scenarios across supply chain, finance, healthcare, cannabis, media, real estate, consumer credit reporting, and more. Speakers will address how companies can capitalize on the growing appeal and utility of NFTs, harnessing their immutability to eliminate fraud, while bringing unprecedented efficiency, transparency and investment opportunities.
Blockchain in the Enterprise: The Time is Now (June 23)
There are many common business functions and organizational network challenges with clients, partners and vendors that Blockchain technology can address more effectively than traditional, centralized solutions. Now is the time to bring those to life – and many businesses are already leveraging blockchain to improve their operations.
This session will discuss why blockchain interest is growing rapidly in the enterprise markets, what the opportunities are and why blockchain is the answer, what obstacles exist, and how blockchain will truly move from emerging to mainstream status in the businesses market.
Ash Basili, CEO and Founder of MyLaminin, is pioneering tokenization for secure, real-time document management. I asked Ash to share his insights, which you can read below>
Q: What shortcomings in current/legacy identity management do blockchain-based solutions address? Can you please give one or two industry-specific use-cases?
Current IAM solutions are focused on identifying, authenticating, and authorizing a user to access systems or services in a particular organization. Paper-based systems are prone to loss, theft, or fraud.
Electronic systems sitting on centralized servers are targets for hackers. But they need to be portable, verifiable, private, and secure ACROSS networks of organizations (e.g., different government departments for example, or different universities so as to combat fraud, or across the healthcare sector actors. Centralized and Federated models fell short and involved a middleman for trust. They simply fail to deliver 'Self-Sovereign Identity, selective disclosure or derived predicates as defined for verifiable credentials...and can't be solely controlled by the owner of the credential.
This also gives everyone on the network the same source of truth as to the origin of that identity.
Q: What misconceptions need to be addressed to fuel continued adoption in public domain?
Everything is put on the blockchain and is visible to anyone. This is not the case. Often, a hash of the data is stored on the blockchain. Because of the immutability of the blockchain, credentials cannot be updated or revoked. This is also not the case, as a new block can overwrite existing data.
Q: What are three key takeaways do you want session attendees to leave with?
- Issuers can have complete control over the definition, issuance, update, revoke or expiry of a credential.
- Owners can have complete control over their identity with new features and capabilities such as selective disclosure.
- Requestors (or Verifiers) can have 100% assurance of document authenticity and origin.
Fred Brandon, CEO of BrandNew Technologies, who will also be speaking on this panel, added that:
“As we move from Web2 to Web3, we realize the many inefficiencies when it comes to online identity in Web2. Pretty much anyone can pretend to be you without any verification. Web3 will allow us the decentralization and ownership of our identities that are immutable on the blockchain.
One misconception is that crypto is the only use-case for blockchain. As adoption grows, we will understand how many industries are already using blockchain technologies in some capacity outside of just financial.”
Key takeaways that Fred hopes session attendees will leave the session with:
• Blockchain has more use-cases than just crypto
• Companies must develop a strategy to incorporate Web3 technology
• Adoption starts with education
For questions, comments or to follow up with me and our various speakers, please email [email protected].
Mostafa Razzak is CEO of JMRConnect: Shaping Influence® PR. He is an award-winning communicator and regular contributor to the Blockchain Domain, TABB Forum, City Biz, Cannabis Tech Magazine, Huffington Post, ValueWalk, the Baltimore Sun, Telecom Reseller, Wealth Management, and other media.
