London Blockchain Conference 2024 – Highlights Day 2

It’s day two of the London Blockchain Conference – the biggest blockchain and web3 event of the year. The London Blockchain Conference is the premier event dedicated to exploring the transformative impact of blockchain technology in our world.

After a wildly successful first day, attendees were again treated to exciting panels and presentations which featured cutting-edge ideas and insights. With a focus on real-world applications, the conference also demonstrated how blockchain is revolutionising industries and governments alike.

Below is a recap of some of the major technical discussions on the second day. The BSV blockchain is an environmentally friendly, fast, and robust choice for enterprise-grade applications. It offers reliable and scalable technology that is ideal for businesses and organisations looking to leverage the power of blockchain.

Virtual and in-person tickets for the London Blockchain Conference are still available. Video highlights will be available at a later date with a full recap of every panel and presentation to follow.

Exploring the future of identity, contracts and assets on the Metanet

Digital identity, smart contracts and asset ownership are fundamental pillars of blockchain technology. This panel discussion focused on why interoperability in these areas is paramount, with the panellists giving several live demos and illustrations of groundbreaking products in each of these three areas.

The discussion then shifted to why engagement on Metanet is so crucial for the future of identity, contracts and assets. The Metanet is a vision for a new Internet built on top of the BSV blockchain that provides a platform for the creation and management of valuable digital assets. This has the potential to enable new business models based on on-chain-based content distribution and microtransactions.

London Blockchain Conference 2024

The role of governments in fostering innovation

Can effective policymaking and government intervention serve as a catalyst for growth and societal progress, or should the market be entrusted to determine its own destiny? This was the focus of this important panel discussion which featured top legal and financial experts as well as government officials.

BSV Blockchain is pro-regulation and believes that the global adoption of blockchain technology requires enterprises and lawmakers to become comfortable with legal compliance by industry participants.

To ensure the development of a regulatory environment that both fosters lawful conduct and facilitates innovation, BSV Blockchain regularly engages with leading policymakers to advise on the development of positive policy.

Regulation provides clarity on legal obligations, encouraging compliance, good governance, and accountability. It also fosters innovation and market development by providing a clear legal framework, building trust, and attracting investment.

P2P blockchain: Blockchain scaling with IPv6-based new Internet

How will the convergence of IPv6 and blockchain accelerate and enhance the utility of blockchain? This was the key focus of a panel discussion which focused on blockchain as an end-to-end Internet Network and application and the importance of an IPv6-based new Internet.

IPv4, the fourth version of the Internet Protocol, was standardised in 1981 and uses a 32-bit address space, supporting approximately 4.3 billion unique addresses. Initially, this seemed sufficient, but the rapid expansion of the Internet and the proliferation of connected devices soon highlighted its limitations.

To address this, the Internet Engineering Task Force (IETF) introduced IPv6 in 1998, featuring a 128-bit address space to accommodate an almost infinite number of devices, especially with the rise of the Internet of Things. Despite IPv6‘s clear advantages, its adoption has been slow due to the significant infrastructure changes required.

The panel noted that blockchain requires stable routable IP address space provided only by IPv6, to identify the source and destination Internet protocol (IP) addresses for better traceability and peer-to-peer transparency, where needed.

The panel also discussed the different ways that regulators and governments can maximise the benefits of blockchain technology including encouraging innovation and experimentation and promoting standards and interoperability to ensure the long-term viability and success of blockchain initiatives.

London Blockchain Conference 2024

Navigating the academic landscape of blockchain research: opportunities, challenges, and collaborative Initiatives

This panel focused on the latest blockchain research happening within academia. The initial discussion focused on some of the opportunities, challenges, and real-world impacts stemming from blockchain innovation in higher education.

The experts also shed light on both the theoretical underpinnings and applied research in this domain, including the emerging prospects and hurdles for blockchain research within academic environments.

Finally, the panel discussed some of the ongoing initiatives in the space and open invitations to foster new cooperative blockchain research efforts across institutions. This included a showcase of successful cross-institutional collaborations and recent ground-breaking publications.

AI-Enhanced Blockchain: AI’s Role in Optimising Blockchain Systems

The session looked at the transformative potential that integrating Artificial Intelligence (AI) into blockchain operations can have. The panellists discussed how the merger of these two technologies could lead to significant improvements in revenue generation, productivity, efficiency, cost management, and more.

The panel also offered valuable insights into:

  • The variety of use cases that AI has in a blockchain business setting;
  • How AI can be used to process and analyse the vast amounts of data generated on blockchain platforms;
  • How implementing AI algorithms can lead to overall better outcomes for a business.

Finally, the group discussed how AI and blockchain can work in tandem to revolutionise various aspects of blockchain operations; this session is ideal for anyone looking to harness the power of artificial intelligence within their company or personal lives.

London Blockchain Conference 2024

Monetising strategies for content creators in Web3

As the digital landscape evolves with the emergence of Web3 technologies, content creators face both unprecedented opportunities and new challenges in monetising their work.

This panel discussion explores innovative strategies for content creators to thrive in the blockchain-powered ecosystem of Web3. There was a specific focus on how blockchain and Web3 technologies can revolutionise the economics of content creation, enabling creators to establish new revenue streams, engage with their audiences in novel ways, and navigate the evolving digital landscape with confidence.

Rad is powering the next generation of video streaming. By giving creators the tools to distribute innovative content to major streaming devices, Rad takes traditional video streaming to the next level for viewers and storytelling, adding increased support for new formats like generative AI video, VR and volumetric video, and blockchain-based content.

Not only can viewers subscribe to Rad’s large library of content, but fans can also purchase content directly from creators via blockchain for instant, direct, and transparent payments, and ownership. Rad also launched the world’s first subscription NFT, the Rad Stream Pass, that you can own and resell.

London Blockchain Conference 2024

Proof-of-work or Proof of Stake: Discovering the right consensus mechanism for your business

Dive into the considerations between proof-of-work (PoW) and Proof of Stake (PoS) including other hybrid consensus mechanisms, exploring the unique advantages for business and enterprise use. Delve into the characteristics that make a public blockchain PoW system, with unbounded throughput capacity, an energy-efficient option. This session aims to provide insights into common misconceptions about blockchain consensus mechanisms, offering decision-makers valuable information to make informed choices for securing enterprise data.

EBOOK: The fallacy of private, permissioned blockchains

Recovery of lost and stolen digital assets

The professionalisation and mass adoption of blockchain technology and digital assets, hinge critically on the industry’s compliance and the enforcement of property rights. With this in mind, this panel brought together leading experts in the field to tackle the challenges, methodologies, and opportunities for the legally compliant restitution of lost or stolen digital assets.

Without effective mechanisms for the recovery of lost or stolen digital assets, achieving this milestone remains elusive. Part of the BSV Association’s stewardship delivers on the concept of Digital Asset Recovery, a protocol that aligns blockchain technology with existing legal frameworks for asset protection.

This initiative enables the recovery or freezing of digital assets in cases of loss, theft, or if they require ownership or transfer. This is essential in establishing a regulatory-compliant network and framework for digital assets, as well as for enforcement and compliance with existing property laws.

Learn more about BSV Association’s Digital Asset Recovery tools:

Best practices for Enterprise Blockchain adoption

What will it take to go from proof-of-concept to scaled enterprise impact with blockchain technology? In the final session of the day, BCG X Managing Director and Partner Tibor Mérey shared learnings from 150+ blockchain and web3 projects BCG has done in the enterprise space.

Merey gave concrete examples of scaled adoption and shared tangible life hacks for any blockchain player including a recipe for how to spot the right application, what it takes to scale and which traps to avoid.

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