The BlockchainA Blockchain computing system treats the Blockchain as a secure computation platform that can be shared among multiple vendors. Opportunity Summit was held in Manhattan recently; industry leaders and blockchainA Blockchain computing system treats the Blockchain as a secure computation platform that can be shared among multiple vendors. visionaries were on hand to discuss the technology’s implications for diverse firms representing many sectors of the economy, from finance to real estate to healthcare. This was represented in the opening panel discussion, which featured Judd Bagley of Overstock.com, Ragnar Lifthrasir, Founder of the International BlockchainA Blockchain computing system treats the Blockchain as a secure computation platform that can be shared among multiple vendors. Real Estate Association, and Laura Shin of Forbes, one of the most prominent journalists covering blockchainA Blockchain computing system treats the Blockchain as a secure computation platform that can be shared among multiple vendors. technologies today. The conversation was lively and informative, bringing the industry leaders in attendance up to speed on the importance of recognizing blockchainA Blockchain computing system treats the Blockchain as a secure computation platform that can be shared among multiple vendors. technologies as relevant to all industries, not simply those in the financial sector.

One of the most exciting technologies developed with the underlying blockchainA Blockchain computing system treats the Blockchain as a secure computation platform that can be shared among multiple vendors. infrastructure is that of smart contractsA digital commodity is a scarce, electronically transferrable product or service.. The BlockchainA Blockchain computing system treats the Blockchain as a secure computation platform that can be shared among multiple vendors. Opportunity Summit devoted an entire panel to smart contractsA digital commodity is a scarce, electronically transferrable product or service.. Ron Quaranta, EVP of Loyyal and Mark Smith, CEO of Symbiont provided their experiences with smart contractsA digital commodity is a scarce, electronically transferrable product or service. and their utility for any industry, especially those with extensive regulatory oversight. Smart contractsA digital commodity is a scarce, electronically transferrable product or service. have the potential to drastically reduce the regulatory and overall paperwork burden in healthcare. They provide an exceedingly private and secure environment for the verification of service fulfillment, as well as creating an indestructible record of actions for insurers and clients alike.

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One of the final panels of note dealt with the current legal environment pertaining to blockchainA Blockchain computing system treats the Blockchain as a secure computation platform that can be shared among multiple vendors. technologies. Though blockchainA Blockchain computing system treats the Blockchain as a secure computation platform that can be shared among multiple vendors. implementations like BitcoinA Cryptocurrency address is used to receive and send transactions on the network. An address is most commonly represented as a string of alphanumeric characters and sometimes referred to as wallets. Addresses can also be represented as a scannable QR code. have faced strict legal scrutiny, panelists argued that the increased attention of federal agencies on blockchainA Blockchain computing system treats the Blockchain as a secure computation platform that can be shared among multiple vendors. technologies adds to the legitimacy and prevalence of the framework, and that it is up to industry leaders now to collaborate with these agencies to develop industry-friendly regulations going forward.

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Brennan B.
Brennan B.
Brennan is a blockchain technical adviser in the healthcare sector and blockchain entrepreneur who has worked on developing proprietary concepts for both artificial intelligence and blockchain applications. He is a graduate of Rutgers University School of Health Professions where he earned a M.S. in biomedical informatics.
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