Plevneliev emphasized that the way people purchase, travel and communicate will change dramatically in the next decade, pointing at blockchain as one of the main drivers of change.
Bjoern Schwarz, Partner & Portfolio Manager at Crossbow Partners, followed up with a statement supporting Dr Keyu Jin's remarks: "I think we need to find ways that people can invest on a vast variety of assets." According to Schwarz, a large portion of retail investors are victims of unprofitable products offered by banks and other financial institutions.
During this panel, Jeff Schumacher, founder of BCG Digital Ventures, criticized the way companies are using blockchain and other decentralized ledger technologies without a clear business model in mind.
These comments warmed up the environment before moving into the second day of the event. The prospects for the decentralization of the financial system was discussed by industry heavyweights, such as NYU Prof. Nouriel Roubini and Venture Capitalist Tim Draper, which engaged in a vivid debate on the use cases for blockchain technology.
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