How to Catch 3 Trillion Blockchain Business Value in 4 Ways?
Matthew Lam May 31, 2019 03:00
Matthew Lam of Blockchain.News shared his insights on how we can catch the blockchain wave in 4 ways. Prior to that, he indicated 3 key predictions on the future of blockchain technology.
Blockchain professionals and local artists gathered to embrace “a new entertainment ecosystem powered by blockchain technology” on 30 May, Hong Kong. The audience have two questions before the event:
1) How to catch the blockchain wave in 4 ways?
2) How blockchain can solve the current pain points in entertainment industry?
The event commenced with Moses Moyung on the mission and strategic initiatives of Molecular Hub. In the next keynote, Linus Leung of Active Concept limited highlighted that derivative works are usually gaining much popularity than original contents. He believed this is one pain point for original content creators as this can discourage their incentive to create contents. At the same time, he wondered how blockchain can solve this pain point.
Matthew Lam of Blockchain.News shared his insights on how we can catch the blockchain wave in 4 ways. Prior to that, he indicated 3 key predictions on the future of blockchain technology:
1) Worldwide blockchain spending to reach 11.7 Billion by 2022 (IDC, 2018);
2) 10% of World’s GDP stored in crypto assets by 2027 (Cisco, 2018);
3) Business value-added by Blockchain to exceed 3.1 Trillion by 2030 (Gartner, 2019)
He then highlighted that with enormous potential of blockchain development, we can prepare for this “blockchain wave” in 4 ways:
1) Classics: Revisit the history of Bitcoin and blockchain;
2) Interview: Learn the voice from blockchain industry leaders;
3) Events: Attend insightful blockchain events;
4) Analysis: Read in-depth industry analysis
Matthew highlighted the key message from Bitcoin Jesus to our readers!
Matthew elaborated on the event evaluation system by Blockchain.News
Robert Mowdy of ETHoutlet shared his thoughts on history of digital micro payments and the pain points of current web business model. This is followed by Eric Chan of Breaker, first outlining the benefits of blockchain in entertainment industry in 3 ways.
1) Instant revenue transfer to content creators;
2) Enhanced transparency;
3) Artists can build relationship with fans more directly
He then compared Breaker platform against YouTube, Netflix and Spotify in content creator and audience perspective.
Comparison of Breaker against Youtube, Netflix and Spotify in content creator and audience perspective
Matthieu Leulier, owner of Drop’D Music Label, shared his experience in using Breaker platform from the musical producer perspective.
The event ended with a Q&A and networking session, with a preview of “BreakTheStage” hard rock band music show featuring Andy is Typing on 10 Aug 2019!
Thanks to the key speakers and the event organizer: Matrix CoWork!
Image source: Shutterstock.jpg)