Events
The Decentralized Future and Web 3.0 – Impact Across Industries
How Blockchain helps business and governments
On January 14 GPI partnered up with Consensys Academy to hold an event on Blockchain technologies titled: The Decentralized Future and Web 3.0 – Impact across Industries. Consensys Academy is a leader when it comes to educating governments, international organizations and business about the new opportunities offered by Blockchain technologies and applications.
Speakers included Shailee Adinolfi, Director, Government Solutions, ConsenSys Academy, and Thomas Hay, Product Manager, ConsenSys Academy.
GPI President Paolo von Schirach delivered welcoming remarks.
Adinolfi and Hay discussed how Blockchain came about, and how the adoption of its ingenious IT based technologies is already impacting global business transactions, financial services, supply chain management, the future of money, data ownership, and security of the internet as we know it today.
As the speakers pointed out, Blockchain has several advantages. It diminished transactions costs in many deals, while increasing the security of the transaction. This means that parties who may hesitate to deal with strangers, now have fewer reasons to worry about the proper implementation of any agreement or contract because Blockchain adds safety measures that until now were available only through third parties.
No system is completely tamper proof, the presenters cautioned. But Blockchain adds complex barriers that make cheating much more difficult, while assuring that all parties have access to the same data.
With wider adoption of this technology, we can look forward to an expansion of secure domestic and international transactions, at lower costs, the speakers concluded.
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