Beyond Crypto(Crypto crash)... Blockchain for business forever!!
Kamlesh Nagware
Co-Founder @ FSV Capital | TEDx Speaker| Co-Chair LF Decentralized Trust| Blockchain TOP VOICE | Hyperledger, Fintech, Digital Assets/Tokenization, CBDC | Consulting startups & enterprises to adopt Blockchain
This week, the Crypto market is witnessing a blood bath over the last week for the second time in a month. Major cryptocurrency Bitcoin falls to $18,000; Ethereum price below $1000 today. Almost every cryptocurrency, including Bitcoin, is now worth half or even less than its all-time highs. What appears to be the immediate trigger for this crypto crash is a massive sell-off by investors amid heightened inflation fears. Investors are also continuing to stay away from riskier assets, which is reflecting in the stock markets as well. Countries around the globe continue to report high inflation numbers and central banks are raising interest rates. US Fed’s biggest rate hike in last 28 years.
Another recent crash of Terra Luna (Stable coin) in May month is the starting point of the crypto crash and the market Plummets by 35%. Crypto investors starting selling off their crypto currency.
In recent times Bill Gates Says Crypto and NFTs Are Based on the 'Greater Fool Theory'. “Expensive digital images of monkeys” will “improve the world immensely,” Gates joked, referring to Bored Ape NFTs.
There is so much discussion about the blockchain future and many people out there relate the crypto crash to the blockchain failure(Blockchain is dead). Web3 founders, leaders who don’t understand blockchain or simply consider cryptocurrency as the only Blockchain mostly talking about this in various forums and considering cryptocurrency to reach again $1 M and then only blockchain/web3 industry can grow/survive. I would like to say here that whether bitcoin reaches $1 M or $1 it doesn’t impact the blockchain adoption. crypto is just one aspect of the larger blockchain universe. Its skeptics and fans alike must learn to see it as a technological experiment, instead of just a blatant scam or a speculative path to riches.
Blockchain, the technology that makes cryptocurrency possible, has the potential to be just as transformative as the internet innovations on which we depend every day, and industries like supply chain management, finance and pharma have already begun to find uses for it. There are plenty of enterprise use cases which has enough to put blockchain beyond crypto.
Recently I was speaking at a TEDx event on the same subject “Cutting through the noise around Blockchain, NFTs, Metaverse and Web 3.0” and tried to demystify blockchain. I have tried to demystify the roaring technologies including Blockchain, NFTs, and Metaverse, and quickly ran through ‘the famous three’ versions of WEB. I have commended and criticized, the manner in which the world is accepting the innovations along with the emerging tech jargon. India’s actions and reactions were also uprightly analyzed & the resultant was a fruitful talk circling around the world’s viewpoint."
https://www.dhirubhai.net/feed/update/urn:li:activity:6942535094439936000/
TEDx video will be available soon on the TEDx youtube channel. (If you need a TEDx presentation DM me)
In a recent interview with Crypto TV(don’t go by name ?) I discussed enterprise blockchain and Hyperledger technologies. I tried to address all aspects of enterprise use cases in tokenization, supply chain, digital identity, CBDC, and Enterprise blockchain frameworks like Hyperledger, R3 Corda , Consensus quorum, and more...
This interview will help you to understand enterprise Blockchain and give insights into that Blockchain is beyond crypto. https://youtu.be/Rlhn-Y22a3o
After all, just as most everyone keeps going to work whether the stock market is soaring or tanking, the practical, real-world work of developing blockchain technology will keep on going, independent of the histrionics of the market. ( from New York times). Go through my latest post on LinkedIn for fruitful comments on this topic here https://www.dhirubhai.net/feed/update/urn:li:activity:6944342704336031744/
#blockchain #cryptocrash #crypto #web3 #enterpriseblockchain #beyondcrypto #hyperledger
Reference:
https://www.itp.net/emergent-tech/what-does-the-crypto-crash-mean-for-blockchain-crypto-vcs
Blockchain, Cryptocurrencies - Cryptos N Coffee (CNCex) #Cryptocncex #Dconomicsdigital #Healthzoneblog
2 年Yes, this is true that development of Blockchain industry is not connected with the Ups & Downs of Cryptos. But this is also true that majority of entrepreneurs treat Cryptos and Blockchain as same & one thing. I opine that such a myth about Cryptos & Blockchain will be vanished soon and Blockchain will survive for ever in the enterprises and even in the day-to-day life of every common man. Thanks
Deputy Vice President leading Technology Innovations in Banking
2 年Thank you for the wonderful insights Kamlesh Nagware ..Its a natural fall and Crypto fall has nothing do with Enterprise blockchain impact..Good Article
https://blogs.gartner.com/avivah-litan/2021/07/14/hype-cycle-for-blockchain-2021-more-action-than-hype/
RE "the practical, real-world work of developing blockchain technology will keep on going" Of course it will.. it's just as useful as any other database technology.
Blockchain & Distributed Ledger Technology Innovator | Co-Founder & Head of Design at L4S Corp.
2 年"After all, just as most everyone keeps going to work whether the stock market is soaring or tanking, the practical, real-world work of developing blockchain technology will keep on going, independent of the histrionics of the market." It is here - people are just beginning to recognize that fact. https://lnkd.in/dyM3_Uz https://TapestryX.com