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Alternative Market Briefing

What cloud computing can teach us about blockchain and digital assets

Monday, April 22, 2019

Bailey McCann, Opalesque New York:

Is blockchain the new cloud computing? Delegates at the recent Opalesque Dubai Roundtable suggest that blockchain will eventually take on the same strategic role as cloud computing, with the technology being used to power critical infrastructure and other strategic systems.

"Back when cloud computing was first introduced, no one really understood why cloud computing should or could become huge. But today, it powers the majority of our infrastructure. I think we will see something similar around blockchains becoming such an integral aspect of business and infrastructure," says Jason King, Managing Partner at CGS Group. He expects to see blockchain become part of electricity grids, power plants, dams, aerospace, cyber defense.

Delegates argue that as use cases for blockchain and digital assets mature, the investment path will be similar to cloud computing with an initial gold rush followed by a longer, quieter period of growth until it eventually becomes ubiquitous.

Zachary Cefaratti, Founder & CEO at Dalma Capital, suggests that we may be at the beginning of the quiet growth stage. "During the bubble period with cloud, many companies turned out to be ahead of their time as the technology and infrastructure could not scale at the pace of investment. When this bubble burst, the cloud didn't die - but, over time, as we have seen, ultimately a very large amount of services moved to the cloud; with some ups and do......................

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