It seems fintech and technologies like Blockchain are being shaped as industries that might help the UK economy after the UK leaves the EU.
Listening to Margot James, minister for digital and the creative industries, speaking at the recent Blockchain Live event in London it was clear that governments interest in Blockchain is not so much its ability to make departments more efficient, but that it could become a key industry for the UK.
Which of course is a good thing. According to Gartner the business value-add of blockchain will grow to more than $176bn by 2025, and then it will exceed $3.1trn by 2030. Yes forget billions and think trillions.
You can almost hear a call in the corridors of power: “Don’t worry Blockchain will save us.”
She did mention how government departments have run pilots of Blockchain, but the passion in the talk was all about the opportunity to grow an industry around expertise around Blockchain and other technologies.
The government looks set to throw money at it and create the right regulatory and skills environment for fintech development, and of course Blockchain and other distributed ledger technologies (DLTs).
This is good news for companies in the Blockchain space but will it make up for the loss of EU membership, I am not sure. How big could the UK be in Blockchain and is it not better to be a Blockchain leader within the EU?
The reason I am writing this post is for feedback. I am no expert in the technology but as it moves towards the enterprise space I am attempting to understand where it fits.
According to Dean Demellweek digital innovation strategists at BNP Paribas speaking at Blockchain Live in London: “Enterprise Blockchain will help us cross the chasm from early adopters and visionaries to pragmatists in business as we need to show them that Blockchain will have real impact on their business.”
I would like to hear from UK Blockchain companies about what they are doing and how are they approaching enterprise customers?
I am also interested in what these companies think the UK government should do to help the industry.
I also want to know more about other DLTs as all I ever hear about is Blockchain.
So please email me on [email protected] and let me know.