All major aspects of financial services could use the blockchain, Kraken Ventures' Akshi Federici says.
: The hurdles are many, she said.
Federici rattled off the issues in infrastructure — scalability, security/privacy, interoperability, access — also legal and regulatory issues, jurisdiction questions and ambiguity around how courts will recognize blockchain.: Spencer Bogart, general partner at Blockchain Capital LLC, says startups and founders will have to make some sacrifices to stay flexible amid what could be a prolonged market downturn.
"Access to capital might be limited. Means, you might have the opportunity to raise. But you also have to be diligent about your burn, so you have at least 2-3 years of runway," he tells Axios. There are also bright spots. "We’ll see a lot of intense focus on the gaming space. The probability we have with a major hit game over the next 1-2 years is very high," Bogart said.
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