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🗓️ Save the date for the BERYL ELITES 6th Annual Alternative Investments conference, happening in NYC on Oct 28-29. Immerse yourself in 18 dynamic panels featuring 85 esteemed speakers from top financial, investment, and technology companies.
Speakers: Ivan Bakrac (Consensys), Rob Hadick (Dragonfly), Robert Materazzi (Lukka), Rabia Iqbal (Nural Capital)
In a focused panel discussion on recent innovations in blockchain scalability, Ivan Bakrac introduces the topic by sharing insights on Ethereum rollups. He discusses his company’s launch of a rollup solution, noting its promising aspects despite not achieving the desired transaction speeds yet. Bakrac believes that Ethereum will remain the dominant chain, supplemented by various rollup technologies, which represent a modular approach to scaling.
Rob Hadick, responding to Bakrac’s points, reflects on the ongoing challenges of scaling Ethereum. He recalls the significant congestion on Ethereum’s layer one in 2021, driven by retail speculation and NFT trading, which resulted in prohibitively high transaction fees. Despite these issues, Hadick observes that a substantial portion of transactions, particularly in decentralized finance (DeFi) and NFT markets, still prefer Ethereum layer one, with platforms like Uniswap and Blur handling most of the trading volume. This scenario underscores that while scaling solutions like Arbitrum (a layer two solution) are gaining traction, they have not yet fully shifted user behavior or institutional practices.
Robert Materazzi, adds a broader industry perspective, noting a better integration and understanding of blockchain technologies in traditional sectors compared to previous years. He points out that while the industry has seen improvements, failures are inevitable but likely to stem from execution issues rather than technological inadequacies or misuse. Materazzi is optimistic about the future, highlighting the growing maturity in the application and understanding of blockchain technologies.
Rabia Iqbal, concludes the discussion by focusing on the investment trends in blockchain. She points out that the venture capital focus is increasingly on the tokenization of real-world assets, driven by both investment and discussion within the community. Iqbal also brings up the critical regulatory challenges related to Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance, which need to be reconciled with privacy-preserving technologies like zero-knowledge proofs. She emphasizes the importance of finding a balance between regulatory requirements and technological advancements to ensure the broader adoption and utility of blockchain technologies.
