As an equity investor, Jay Eum attended #BlockchainConnect 2018, looking for the most exciting projects and teams to invest in. Jay shared his thoughts regarding the potential of blockchain and the large companies stepping into the blockchain space. Jay do think that Blockchain has the potential to be the next Internet. “Because blockchain is a technology that has been embraced a lot of high quality people that are both developers, as well as business people. Engineers, product managers from top startups as well as large companies like Google and Facebook, now are actually in the crypto and blockchain space. And they have the capability to develop real-life applications and fundamental infrastructure improvement.” Due to the limitations of public chains in scalability, security, transaction, Jay believes that a lot applications have to happen in private blockchains to adapt blockchain in their real businesses. A lot big companies have active teams working on various blockchain projects. They do have much more resources and potential compared with those newly established ICO projects. Taking Telegram and Wechat as an example. Telegram is one of the most successful ICOs so far in history, and is a well-established messaging platform with million users. “They did a very successful ICO, raised a couple of billion dollars. And they are gonna utilize that token across the various services they gonna launch on their messaging platform. But relatively speaking, Telegram as a service, I would argue even though it’s much more neutral, decentralized in control, their quality of services compared to WeChat, or Kakao or Line is far less. There are so many services can be monetized through tokens on these existing platforms. So if you think about the success of Telegram and you think that WeChat with a much bigger user base, how big ICO, if it happens, it could be.” --------------- Please follow Heidi on LinkedIn http://bit.ly/heidiyu Twitter: @heidihanyu Support Heidi's startup: BOOSTO.io Support crypto community: CryptoInfluence.io