The promise of blockchain technology lies in its potential to revolutionize a wealth of industries, but what will ultimately drive its mass adoption?
This question fueled a compelling discussion led by Roundtable anchor Rob Nelson, featuring insights from Wolf Financial‘s Logical Thesis, BlockFills‘ John Divine and Bitcoin Consulting‘s Erik Muro.
Nelson kicked off the conversation by stressing that the ultimate acceptance of crypto depends on discovering significant use cases that work. He proposed that bitcoin could become a frontrunner in data and identity ownership.
“If you came up with a reason why everyone needed the identity check to verify that they’re not the AI, they’re not the deep fake, that bitcoin would make sense and everyone would want it,” Nelson argued, suggesting a future where identity verification could be universally tied to bitcoin.
Logical Thesis shifted the focus to traditional assets. He highlighted blockchain’s ability to offer 24/7 operational capability, which could transform asset transactions like treasury bonds, making them more liquid and accessible at any time.
“If we had everything kind of on a blockchain, then you would just be able to transact at any time of the day,” he noted.
He pointed to BlackRock’s tokenized fund on the Ethereum blockchain as a pioneering step in integrating traditional investments with blockchain technology.
Nelson asked which blockchain would be most suitable for these applications, and Thesis identified Ethereum, mentioning BlackRock’s use of this platform. He envisioned a future where tokenized assets revolutionize banking systems, allowing seamless backend transactions in brokerage accounts.
Divine, head of OTC Trading at BlockFills, added another layer to the discussion by emphasizing the importance of public engagement. He introduced PKT Cash, a fork of bitcoin, which incentivizes users to share their internet connection, potentially democratizing internet access.
“We can use blockchain technology to democratize and decentralize access to the most demanded commodity in the world, which is internet bandwidth,” Divine explained, suggesting that such use cases could make blockchains relevant to everyday users.
Nelson supported Divine’s perspective, mentioning the founders of PKT, Jesse and Josh Berger, who have previously participated in an interview with Roundtable on TheStreet. He revealed his own investment in PKT, highlighting the intuitive appeal of sharing internet access.