Revolutionizing Industries: The Blockchain Promise
At a recent event, Bang Joon-hyuk, the chairman of Netmarble, expressed his optimistic views on the potential of blockchain technology in various industries. According to him, this innovation isn’t just a passing trend—it’s set to become a fundamental part of many sectors.
A Thriving Company with a Vision
For context, Netmarble is no small player in the gaming arena, with reported revenues of approximately 1.5 trillion won (around $1.35 billion) in 2016 and a current market cap reaching 12.86 trillion won (approximately $11.59 billion). This level of success propels their insights on future trends.
Blockchain: The New Internet?
During the forum, a college student boldly asked about the relevance of blockchain technology today, hinting at the skepticism surrounding its rise. Fortunately, Bang Joon-hyuk didn’t mince his words, asserting,
“Blockchain with objectivity, reliability, and security will be applied to all industries in the future.”
This prediction echoes sentiments among many in tech who see parallels with the birth of the Internet.
Navigating the Bubble Debate
When it comes to the ongoing debate of whether blockchain is simply hot air, Bang cut straight to the chase. He suggested that while some may view blockchain as a bubble, it’s truly an opportunity for those willing to dive in. He compared it to the Internet boom, stating:
“The Internet was not a bubble. It has made all industries more convenient… Blockchain is not a bubble for those who know.”
A Thought on Timing
Bringing a historical perspective, the chairman noted that transformational opportunities arise approximately every decade. What we are witnessing with blockchain could be likened to the explosive growth experienced by early Internet entrepreneurs:
- A once-in-a-decade chance to innovate
- A call to action for savvy investors
- The potential for explosive growth across various sectors
Governmental Moves Towards Blockchain
In tandem with industry leaders like Netmarble, South Korea’s central bank is actively exploring blockchain to help realize their ambitious goal of a cashless society by 2020. Moreover, in a surprise twist of legislative fate, the South Korean government has recently expressed a favorable shift towards cryptocurrency, announcing plans to legalize initial coin offerings (ICOs) once again.
Conclusion: Watching the Blockchain Evolution
In a world where tech innovation runs rampant, it’s refreshing to hear confident perspectives from industry giants about the future. As blockchain technology matures, those who adapt early could find themselves ahead of the curve—much like those who embraced the Internet in its early days. The horizon is bright, and the excitement is palpable!
