Wood’s predominant focus today for Polkadot, a blockchain community that is enhancing scalability and throughput with up to date structure. At Jam, he spoke for greater than an hour about technical upgrades that will enable folks to run extra commonplace laptop software program straight on the blockchain.
Conventional monetary use circumstances – one thing Hong Kong has been more and more targeted on – usually are not that fascinating to the person who helped put automated transactions by way of good contracts on the blockchain.
“As Web3 turns into a extra accepted a part of the surroundings that banks function in, that regulators function in, we’ll most likely see elevated integration [with financial systems],” Wood advised the Put up after his Jam Tour speech at Cyberport on February 17. “Tentatively talking, we could also be on a path to the mixing of extra reliable Web3 applied sciences than the kinds of issues that we have been seeing 10 years in the past with banks taking over permissed ledgers.”
“I believe there’s a number of fascinating use circumstances for Web3, and I believe stablecoins are literally one of many much less fascinating ones,” he added.
