On August 8th, 2019 EVEN co-founder Alex Kuzin presented cross-chain use cases on VIII International Blockchain Summit in Irkutsk, the Russian Capital of Mining.
Global leaders discussed the latest innovations, opportunities for cooperation, analyzed interesting cases, tell their stories of success, reveal important trends and show how innovative technologies can change world and support in the development of the global economies of Russia, Asia, and the West.
The Summit gathered business, communities, investors, media, associations, and governments. There were representatives of Bitcoin Association, BitFury, Alpha Omega Capital, Forbes Japan, Ambassador of Indonesia and many other experienced speakers. Alexander started his report with an overview of the blockchain landscape. He has listed 6 industries:
The total market cap of blockchain companies in these industries is whopping $7542 bln. Then Alexander compared different interoperability solutions on the market. He continued with specific cross-chain technology application for digital and crypto, such as loyalty programs, logistics systems & supply chains, digital asset transfers, which need to integrate more than one blockchain.
At the conclusion, he said, that in the future blockchain technology will coexist with the cross-chain technology.