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Concerns that Experts Have About the Recent Blockchain Week

The event that Coindesk launched this year on NYC was a success based on the number of heads which attended. This year attracted 8,500 people to Coindesk’s Consensus compare to last year which only saw around 2,500 participants. Tickets for the show were a whopping $2,000 per head, and those opting to walk in at the last minute were charged $3,000.

While this is considered a success by others - $17 million in ticket sales alone saw to that – there are those who aren’t sure. Part of the concern was focused on the scarce possibility of spawning other business value. And it was indeed apparent at the event.

Bitcoin Lamborghinis and jewelry dotted with shiny cryptocurrency coins run abound at the Consensus. Vendors were more interested in offering products and services to the same members of the community, a short-term money-making notion but has ephemeral value. To put shortly, part of the event basically was an echo chamber about cryptocurrency.

It also doesn’t help that some, if not most, of the attendants, are only there because they don’t want to miss out on the massive trend that Bitcoin created. This, too, was apparent because of the rather rampant and rowdy crowd. They made their presence felt when a debate devolved into a heated argument between two prominent figures arguing whether blockchain or Bitcoin is the future of the industry.

Of course, there were those in attendance who have innovative ideas and are quite interested in realizing them. FedEx, Accenture, Deloitte, IBM, and others unveiled parts of their plan about blockchain enterprise. And this is what experts suggest people should involve themselves in. Ideas which will construct other platforms that will strengthen the foundation of the blockchain and cryptocurrency market.

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