A panel discussion at the Paris Blockchain Week explored the current state of the blockchain space and shared insights on what firms are currently focusing on.
In addition, Disparte also believes that the current situation in the space is a necessary phase similar to past tech and financial industry failures. He explained that:
The executive also reminded the audience that many things that are being “taken for granted” in the space are born in response to the failures of the traditional financial systems.Meanwhile, other panelists gave the audience a preview of what their firms are currently putting their focus on. According to Nitz, crypto exchange Coinbase is currently trying its best to help onboard Web2 companies and eliminate the barrier of complexity.
On the other hand, Widmann pointed out that while there is indeed a need to reach more users for Web3, the Google executive also highlighted that there is something of value within the space. “Yes, we need to have a billion users. Yes, we need more people using these technologies. But before we do that, we actually have to prove that there's value there,” he argued. He added:
In addition, Widmann shared that Google’s current focus is thinking of how to remove barriers of entry for new developers who may be leaving Web2 projects like Google and go to Web3 firms like Coinbase and build the next applications that will attract billions of users.Contributing to the discussion, Savarese shared NASDAQ’s perspective. According to Savarese, the stock exchange company believes that institutions being involved in the Web3 ecosystem are just as important as everything else.
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