What is the future of blockchain technology?

                                                What is the future of blockchain technology?                                                     What is the future of blockchain technology? Is it worth investing in cryptocurrency? Establish whether to market a new bubble? These and other questions were discussed at the meeting Next Money July 7 at the Moscow school of management SKOLKOVO.
The conference brought together representatives of business, implementing or intending to implement FINTECH for the solution of business problems, and also the investors who invest in the blockchain of a company or considering the opportunity.
This time, the speakers focus more on blockchain technologies than to cryptocurrencies, which, by the way, had seven people out of 150 had gathered. Igor Pesin, managing partner at Life Sreda VC said that in the first quarter of 2016, investments in the blockchain for the first time in history exceeded investment in bitcoin startups.
The head of The Financial Services Club (UK) Chris Skinner, who spoke with participants from London Heathrow, I am sure that in the next decade, "the Protocol of the blockchain with the big share of probability will determine the infrastructure of States, industry, and generally Finance trade and Commerce".
The main advantage the expert considers the possibility of quick, transparent and secure transfer of funds, independent of intermediaries, such as SWIFT and the Central banks. On the question of whether FINTECH threat to traditional banks, Skinner replied that the banks themselves have to implement, oversee and encourage such technologies. To mention other potential applications of the blockchain, Chris Skinner noted that the UN is going to use it to solve the identification issues in troubled regions and refugee registration.
Gleb Davidyuk managing partner of iTech Capital, presented a challenging point of view — that in the future the blockchain will be auditors, so as to ensure the transparency of management accountants in the world.
Artem Tolkachev, managing partner of the law firm "Tolkachev and partner, told about the situation around the legal status of cryptocurrencies in Russia. He recalled that to harass citizens engaged in bitcoin transactions, not because of the law prohibiting the use of cryptocurrency in the country at the moment. So far there are only recommendations of the Central Bank about their potential danger from the point of view of fraud, but the Ministry of Finance does not leave attempts to ban so-called "money surrogates" by law. Today Russia is one of the strictest jurisdictions regarding the regulation of cryptocurrencies (most liberal is considered to be Luxembourg). Tolkachev noted that the Russian authorities are much more friendly attitude to blockchain technology and are even considering the possibility of their use by authorities. Thus, in the framework of the Central Bank of the Russian Federation to explore the blockchain created two working groups.
Gleb Davidyuk has warned that in a relatively new field, where the passions are the same as now — around cryptocurrency — invariably there is a lot of "new doctor"; he reminded the meeting that the most important thing when buying bitcoins is to select a service provider you can trust.
The experts used to NextMoney quite a colorful analogy: "the blockchain is a byproduct of bitcoin", "blockchain rails, bitcoin engine". However, the most interesting comparison suggested Sally Parulava from Consult Hyperion, comparing the transparency that the blockchain provides, with the Bank of glass that is impossible to Rob because "everything is visible from the street."