CoinGeek Conversations

Are private blockchains the route to public blockchains for big business?

May 10, 2019 Steven Kok, BCG, Kaj Burchardi, BCG, Aisling McGibbon, PWC, Charles Miller (presenter) Season 1 Episode 19
CoinGeek Conversations
Are private blockchains the route to public blockchains for big business?
Show Notes

There’s no question the corporate world is serious about blockchain technology. Exhibitors at the recent Blockchain Expo in London included multinational tech, finance and consultancy firms. 

But what stage have big companies reached in developing blockchain projects? And are they ready to accept the original Bitcoin vision of public blockchains - rather than working on ‘in house’ private blockchains? Many in the Bitcoin world see the latter as like the so-called ‘walled gardens’ of online services such as AOL and Compuserve, which were popular before the Internet overtook them as the public grew more confident about going online.

CoinGeek spoke to two executives from the Boston Consulting Group (BCG) at the conference to understand their perspective on blockchain adoption. 

The podcast also includes a detailed example of one blockchain project in an interview with Aisling McGibbon, senior product manager with PWC. It’s called Smart Credentials, and is a platform which allows users to get their qualifications validated by the bodies that issued them.