VP SolidOpinion & ICO Solutionist Chris Kameir was a featured expert speaker at the Ethereum Orange County event that brought together a sizable group of blockchain enthusiasts. Hackers, programmers, engineers, developers, designers, entrepreneurs and other people excited about the new future possible with distributed consensus and ethereum were in attendance.
Chris talked about the regulatory and tax implication of crypto-investing. He and other speakers discussed how ethereum can be used to codify, decentralize, secure and trade just about anything: voting, domain names, financial exchanges, financial derivatives, insurance, lending, micropayments, accounting and auditing, law and arbitration, crowdfunding, company governance, contracts and agreements of most kinds, intellectual property, prediction markets, and even smart property thanks to hardware integration.
Chris also gave an informative talk about the three different major areas that inherently merge in the blockchain space – technology, business acumen, and legal considerations. He explained the global nature of this new phenomenon and how it brings together privacy law, credit agencies, and other specialists in various areas who do not necessarily speak the same language, but will now have to learn to bridge these gaps. Decentralization of markets will create this change, he explained. “The technology is not all that important – the use people make of it is,” Chris said, “the business model of current financial industry will have to change and blockchain represents that change.” He gave the striking example of Switzerland, which had just rolled out a thousand bitcoin ATM’s, and whose government accepts bitcoin payments. “Once the number one banking nation has committed to bitcoin, it’s safe to say the cookie has crumbled,” he stated.