In the golden era of science and technology, blockchain has been skyrocketing with possibilities. Here are a few interesting quotes you should not miss on.
• Every new technology that is confusing, fast-moving and disruptive is going to be controversial. You'll see people have emotional reactions. That's part of why Blockchain Capital exists. We know this industry requires specialization.
Bart Stephens (Founder and Managing Partner of Blockchain Capital).
• With blockchain technology, we can create a version of Wall Street where no one can cheat and where all kinds of mischief cannot even occur. Crypto currency gives us a way to communicate value that's outside the control of any government mandarin, and I think that's good.
Patrick Byrne (CEO, Overstock.com)
• Microsoft believes blockchain is a transformational technology with the ability to significantly reduce the friction of doing business, especially streamlining business processes shared across multiple organizations. Marine insurance is a prime example of a complex business process that can be optimized with blockchain.
Mark Russinovish (CTO, Microsoft Azure).
• As an advocate for greater transparency in the food system to benefit customers, WalMart looks forward to expanding on our initial work by collaborating with others to accelerate exploration on how this technology can be used as a more effective food traceability and food safety tool. Blockchain technology enables a new era of end-to-end transparency in the global food system, equivalent to shining a light on food ecosystem participants that will further promote responsible actions and behaviors.
Frank Yiannas (Vice President of food safety at Walmart)
• A blockchain-based medical records system could safeguard patient data and allow for improved interoperability between doctors and hospitals, while also giving patients more ownership over their own records.
Valery Vavilov (CEO of BitFury).
• It allows people to exchange value without knowing the identity of each other necessarily, in a secure way on the back end. On the front end, it's simplicity, transparency and trust. Think of all the cost, time and often waste that happens in the exchange of value – blockchain rids that from the system.
Jason Kelley (IBM Global Manager for Blockchain Services).
• They'll want to control it, but bitcoin was not meant to be controlled. You can make all the rules you want, and the question is, can they be enforced? With guns you can say, let's make guns illegal. But with bitcoin, there's nothing physical. It's information, and there's plausible deniability.
Bobby Lee (CEO and co-founder of BTCC)
• The smaller guys tend to get put into a corner, yet they are overcharged for what financing they can get.
Yvonne Zhang (Co-founder and CEO of Aquifer Institute).
• This is the first time anybody has allowed the public to invest in a public junket or become a shareholder of a casino. You're basically becoming a shareholder in a junket, utilizing blockchain technology, getting revenues from that, and plugging that back into the token.
Chakrit Ahmad (Chief Executive Officer of Wi Holding).
• Of course, if you run a very large U.S. bank, most probably you are afraid of blockchain and bitcoin. The concerns are about the fractional reserve banking system, and the balance sheet of the Federal Reserve at $4.5 trillion, where the Fed officially refuses an audit. On the other hand, on the bitcoin blockchain, you have an audit everyday because it's open-sourced.
Rainer Michael Preiss (Executive director at Taurus Wealth Advisors).
• What is surprising however is that even as Mr Dimon openly criticises Bitcoin, JP Morgan is quietly advancing its own, proprietary crypto ledger, Quorum. Quorum is based on Ethereum, a blockchain project broadly similar to but somewhat different than Blockchain, which backs Bitcoin. So one can't help but wonder if Mr Dimon's comments regarding cryptocurrencies would apply to JP Morgan's own offerings, should they come to market?
David Coker (Lecturer at Westminster Business School)
• The day when venture capital firms were the elusive elite and primary source of capital for startups has ended. When a startup can raise $35 million in 30 seconds without any dilution, the genie is out of the bottle and it isn't going back in.
Jamie Burke (CEO & Investor at OutlierVentures.io).
Sources:
Quotes about Blockchain. Avialable from: www.quotes.euronews.com/topic/blockchain#!
Bitcoin Blockchain, By Davidstankiewicz - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=52406755