LIVE from MindChain – Cornel Amariei: “There’s too much hype around blockchain; It’s a useful technology, but it’s not our saviour”

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MindChain – When Blockchain Meets AI, one of Business Review’s flagship events of 2019 and the biggest event focused on blockchain and AI ever held in Romania, has entered its second day. Read on to get some insights from local and international speakers on blockchain, AI, the way these new technologies can work together and the impact they will have on our lives.

Why blockchain? It illustrates an awakening of political consciousness in the area of innovative technologies – Europe has been lagging behind in tech – we’re not at the top of rankings for tech like cloud computing, big data; all big IT companies are either American/Chinese. So decision-makers realised that we should try to catch up and take a stand and seize the opportunity for blockchain. 

Blockchain Competence Centre – it started by looking at business of governments and at the available blockchain platforms and how well they fit with the businesses we have. We selected platform and had a shortlist, we started testing, playing with various platforms. We selected 3 platforms that were promising for different types of business processes – eg. identity, grants (managing, distributing them, increasing trust in the system, reducing fraud), data/documents/legislation. 

Sorin Cristescu (leader of the EU’s Blockchain Competence Centre) 

 

 

 

I hate buzzwords because they give a false impression about what is happening. Blockchain is a buzzword – I’m not a big fan, and I’m not against it either – but it’s nothing more than an encryption and decentralization technology – there aren’t that many areas where it can really be applied well. Blockchain will solve a lot of issues, but it won’t really make the world a better place. It’s not our saviour. 

Cornel Amariei – inventor, author, entrepreneur; Head of Innovation at Continental 

The post LIVE from MindChain – Cornel Amariei: “There’s too much hype around blockchain; It’s a useful technology, but it’s not our saviour” appeared first on Business Review.

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