Blockchain’s Evolution at Paris Blockchain Week
Last week, Joseph Hall from Cointelegraph had the chance to chat with none other than Nicolas Cary, the co-founder and president of Blockchain.com, at the highly anticipated Paris Blockchain Week Summit (PBWS). Apart from his role at Blockchain.com, Cary also founded the Blockchain Commission for Sustainable Development and co-authored a white paper for the United Nations Development Programme titled “The Future is Decentralised.” Talk about multitasking!
Shifting Sands: Regulatory Insights
Diving into a hot topic, Hall and Cary discussed the drone-like dive of regulations inside the European Union and the UK. Cary expressed optimism over the progressive momentum amongst policymakers as they take digital assets more seriously. Particularly noteworthy was President Joe Biden’s recent executive order on cryptocurrencies, signaling change from across the pond.
UK’s Pro-Innovation Stance
Continuing their discourse, Cary pointed out how the UK is putting on its best innovation shoes, particularly with the introduction of stablecoins and the Royal NFT mint. His claim that the UK could be a “real dark horse in Europe” piqued interest, especially post-Brexit. It’s like the quiet kid in class suddenly acing an exam.
Education Is Key: Understanding Crypto
One of Cary’s remarks that hit home was regarding the intimidation factor of crypto for policymakers. He mentioned that while new generations are eagerly collecting digital tokens like childhood trading cards, many elders in power are still reading the instructions on how to play the game. Clearly, there’s a long way to go regarding education and understanding.
Market Influences: The Role of Inflation
In a world where high inflation is the new norm, Cary pointed out how people are scrambling to find new methods to diversify their wealth. Institutions are taking a serious plunge into blockchain, while artists and creators are leveraging Web3 as a new revenue stream. Talk about an art renaissance!
The Heart of Crypto: Passion and Patience
When asked what keeps Cary ticking, he stated his drive comes from a true passion for how money will evolve. He maintained that regulators shouldn’t be looking to control the new financial mechanisms but should instead focus on ensuring an equitable playing field. At the end of it all, a call for patience and civility was made—especially in a community that can feel a bit too tribal at times. After all, in Cary’s words, “we have a common global mission to improve the world.”
Emphasizing Human Values in Blockchain
In further discussions with Cointelegraph’s editor-in-chief Kristina Lucrezia Cornèr, Cary underscored the importance of fundamental human values that are crucial for the crypto industry’s growth. He pointed out, “In the long run, we lean into some fundamental human values such as an open-source system, which is quite different from traditional finance.” Sounds like a whole new financial zoo where everyone gets a chance to thrive!
In the end, Cary left us with a rallying cry for crypto enthusiasts to conduct thorough research before diving into investments and for current players to adopt a collaborative spirit. After all, we’re all in this blockchain whirlwind together!
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