This article was first published on ostdotcom - Medium
Recap from OST LIVE with Brian Lio, CEO at Smith + Crown — Trends in Blockchain
Brian Lio, CEO of Smith + Crown, a blockchain research and consulting group, joined us on Episode 51 of OST LIVE to discuss trends in the cryptocurrency market, insights from the Chamber of Digital Commerce Token Alliance, and thoughts on government intervention on blockchain-based projects.
Crypto Market Trends
Over the past couple of years, there has been an acceleration in the rate of development for blockchain. Innovative technologies are being implemented across a wide variety of industries and there has been a lot of excitement over tech that isn’t fully developed yet. The crypto market has been on a downturn this year, and the hype that we saw last year is settling down. Each individual industry is adopting, implementing, and developing on blockchain. Lio believes that because each industry has a different adoption curve, the global market cap is irrelevant to someone who’s employing these technologies. Large organizations are exploring how blockchain technologies can disrupt, augment, enhance, and change the manner in which they conduct business. They are starting to acknowledge that although there has been hype around blockchain, they see the core promise that it can provide.
Landscape for Projects Raising Funds
Initially, there was an explosion of token sales. It was exciting because it opened up participation and the ability to rapidly build communities. Securities laws are catching up to the fundraising mechanisms seen in ICOs. Lio believes there was a big misunderstanding around the intentionality of people that were raising money via blockchain projects. On one side, there was a perception that people thought of blockchain technology and tokens as a clever way to circumvent securities laws. On the other side, people saw this as a novel technology solving governance problems, but they themselves ...
To keep reading, please go to the original article at:
ostdotcom - Medium