We are now firmly entrenched in the age of functionality for blockchain technology. Moving forward, there will be a heightened focus on the technical aspects, infrastructure, and advancement of various blockchains.

The upcoming London Blockchain Conference will place significant emphasis on the technical capabilities of utility blockchains, serving as the focal point for discussions and debates in this space. If you have insights to share, this event is the ideal platform for you.

A Shift in Focus that Cannot Be Reversed

During the early days of the Dot Com era, there was a frenzy where virtually everyone was investing in anything and everything, inflating the values of seemingly worthless companies and enriching individuals without substantial contributions. A similar scenario unfolded in the past decade with blockchain technology.

Nonetheless, the era of speculative frenzy is gradually drawing to a close. Major players such as IBM (NASDAQ: IBM), global financial entities like the International Monetary Fund (IMF) and Bank for International Settlements (BIS), as well as governments ranging from the United Kingdom to the Philippines, are starting to explore and implement blockchain technology. The attention has now shifted towards solutions that can demonstrate tangible technical prowess.

Instead of fixating on coin supply and price fluctuations, reputable businesses and organizations are now concerned with transaction processing speed, fees, and the scalability of potential applications. Factors like reliability, scalability, and adherence to legal frameworks have taken precedence for entities viewing blockchains as decentralized databases and immutable ledgers.

Historically, serious stakeholders eventually identify authentic technical solutions, paving the way for substantial future developments. Current exploratory use cases include establishing transparent supply chains, tokenizing financial assets such as promissory notes and stocks, and even establishing sovereign nodes to uphold national data integrity.

These endeavors will necessitate robust blockchains with the capacity to handle millions of transactions per second at minimal costs. Such blockchains must support smart contracts built on durable foundations that can be relied upon for extended periods. While few existing popular blockchains currently meet these stringent criteria, there are promising contenders in the field.

Exploring Blockchain Infrastructure and Development at the London Blockchain Conference

If you recognize that blockchain technology is poised to serve as a global infrastructure spanning multiple vital sectors and wish to delve into viable solutions, the London Blockchain Conference offers an ideal platform.

Scheduled for May 21 – 23 at ExCel London, this event welcomes all individuals intrigued by the practical applications of blockchain technology in real-world scenarios. It distinguishes itself from typical ‘crypto’ gatherings by focusing squarely on the pragmatic uses of blockchains for governments, enterprises, startups, and other entities.

Secure your attendance at the London Blockchain Conference today. We look forward to your participation!

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Watch: The Increasing Significance of Utility in Blockchain Technology

New to blockchain? Visit CoinGeek’s Blockchain for Beginners section, an extensive resource hub to expand your understanding of blockchain technology.