When Moon? What Consensus 2018 told us about the Blockchain industry

The world’s biggest and most important Blockchain conference in New York is over. Here are my takeaways: 

More interest than ever

The conference went from 2,500 participants last year to a stunning 8,500 this year. There is no need to tell you more about the continued rise of interest the technology accumulates around the world. About half of the visitors were not from the USA and nearly every industry was present.

More serious involvement

Consensus brought us a lot of positive signs that the industry is maturing and getting increased traction with big players putting skin into the game. HTC announcing a blockchain phone, DNV investing in VeChain, Foxconn entering the market, Circle becoming the first Blockchain unicorn and Wall Street veteran Brian Kelly launching a Blockchain ETF.

Less nonsense - more professionalism

The significant Crypto market correction a few month ago had a positive effect for the industry. To say it with the words of Warren Buffet (who ironically is not the biggest supporter of Crypto): “You only find out who is swimming naked when the tide goes out”. 

We found out who went swimming naked, and the people left the beach. Don’t get me wrong there is still non-sense out there but its far less than before. Consensus showcased professional startups with professional teams, caring about regulations and proper governance.

Conclusion

We have good reason to remain more bullish then ever on the industry and its potential to create the “Internet of value”, overtaking our “Internet of information” in the long-term.

The question clearly is not anymore “if it will moon” - it is “When Moon?”

Thanks NYC and Consensus - I’m heading back to #BlockChainCity Dubai