Comcast Ventures Executive: ‘There’s Real Value’ in Bitcoin, Blockchain
2018/5/3 15:52:09
Comcast is betting a lot of cash on the future of blockchain with Managing Director Gil Beyda [pictured] leading the charge.
By Gerelyn Terzo for CCN, Apr 30, 2018
The bitcoin price is hovering near its best levels of the year, and Comcast Ventures’ Managing Director Gil Beyda says it’s because people are realizing there’s “real value” in bitcoin and blockchain.
While 2017 was a year where investors were focused on getting rich quick and doubling/tripling/quadrupling their money, the froth is now out of the way.
“I think there was a pullback to say, ‘Okay, what are the real applications of cryptocurrency and blockchain technology?’ And I think we’re going to see a surge now around people really understanding the potential for the technology,” Beyda said.
Leapfrogging Centralized Banking
The venture capitalist went on to compare the rise of cryptocurrencies and blockchain to that of mobile phone technology, pointing out underdeveloped countries “leapfrogged” landline telephones and instead went from having “no phones to mobile phones.” PayPal’s Dan Schulman recently noted how this played out in India.
Beyda suggested that the same thing could happen in underdeveloped economies where central banks are corrupt. These countries could “skip” the centralized banking system that’s prevalent in developed economies and “go straight to a crypto-based economy,” he said, pointing to an economy that’s fueled by peer-to-peer transactions on the public ledger with no central authority.
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https://www.ccn.com/comcast-venture-ca ... ue-in-bitcoin-blockchain/
For more details of Comcast’s push for blockchain, link below:
https://www.banklesstimes.com/2018/03/ ... -led-by-comcast-ventures/
