Circle’s Jeremy Allaire and Luxembourg Finance Minister Pierre Gramegna discussed the future of blockchain at the World Economic Forum. Regulation and blockchain’s future were major topics at the Unblocking the Blockchain event at this week’s World Economic Forum in Tianjin, China.
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Conspicuous Differences of Opinion
The hour-long debate, featuring Circle CEO Jeremy Allaire, Everledger’s Leanne Kemp, and Luxembourg’s Finance Minister Pierre Gramegna, showed how both industry specialists and outsiders view the Blockchain and its potential in 2016.
“I think we’re really close… as more and more companies… connect to the Bitcoin blockchain to make the movement of value work the way the internet works,” Allaire said about the short-term realizations of the blockchain in daily life.
The discussion was tempered by Gramegna, who commented from the perspective of legislators and traditional finance in a way which often jarred with his fellow speakers.
“If payments can be transferred for free… what does that mean for financial institutions?” he asked in response to Allaire’s assertion that free movement of value would occur globally within five years. “As a country… I worry what is going to happen