The opportunity for retailers is really interesting. â I should mention four years ago I went to the Bitcoin conference in Miami, and it was not part of anything else. âHave you used up the $25 million I gave you yet. Beyond Bitcoin: What Blockchain Really Means And What That Means For Retailers Share to email Opinions expressed by Forbes Contributors are their own. Blockchain in the supply chain is one useful tool. â and wondered what the heck they were thinking. I wanted in, but a CIO was not desirable in the dot-com space at that time. But there are boatloads of start-ups out there, and there is a lot of work to be done, particularly on the ledgerâs ability to process a lot of transactions at the same time (scale). It s true that after a crazy ride, the Bitcoin is settling in at around $11,000 per coin, but that no way dampened enthusiasm. Knight Center in downtown Miami and additionally filled about 50,000 square feet of exhibit space (all booths were 10*10, for reference). In fact, the Bitcoin conference re-branded as a part of the World Blockchain Forum actually tells you a lot. As such, they are also open to attack and/or coopting, as Facebook apparently was, by foreign agents seeking to influence the US elections. Everyone is talking about Bitcoin, but the currency is just the visible edge of a technological iceberg.
So Facebook, with more than two billion users, has become a de facto personal identity standard. The event is still not NRF Big Show size, but itâs pretty big, and the investment money was flowing like water. IBM has thrown money behind blockchain, so has JDA. This yearâs conference filled the 4,600 seat James L. And as an excellent recent New York Times article argues, while the open protocols underpinning the internet still exist, at the next layer, proprietary protocols and standards have filled any gaps in the original standard. â There were a lot of ICO offerings in the midst of the speeches, and truly, Venture Capitalists were panting over the possibilities. It would like to rule the commerce world entirely. Behind the noise, blockchain is the crown jewel of this new era. Particularly in the world of retail, digital channels are generally a part of a retailersâ overall strategy bitcoin blockchain llet. Certainly, we can say that over the past twenty years, the world of the internet has stabilized. I was sitting at one booth where quite literally, a Venture Capitalist introduced himself as such and basically said âI want in. The Bitcoin was worth $600 a coin at that time. Customer engagement is the bigger opportunity.
For the uninitiated, an ICO is an âInitial Coin Offering. I heard stories of VC companies pestering their new start-ups. I was a CIO in Boston during the heady days of the dot-com expansion.Siacoin.. So while the world at large is focused on Bitcoinâs wild valuation swings, and no less than Jamie Dimon, CEO of J. This has proven to be more than a little problematic. It also was attended by about 600 people (mostly young guys), in a very warm room upstairs from the Miami Beach Convention Center. So, in many ways, aspects of what was meant to be standard and widespread have become consolidated and proprietary bitcoin blockchain llet. Beyond the noise and hum, we are just barely scratching the surface of uses for the underlying technology, blockchain. LinkedIn aspires to be the de facto business identity standard. PageBeyond Bitcoin: What Blockchain Really Means And What That Means For Retailers Share to email Opinions expressed by Forbes Contributors are their own. .ReddCoin.MaidSafeCoin. ChainLink.