Three key takeaways from our South Summit panel on Enterprise Blockchain security applications

Ross Strachan, Principal, Adara Ventures

Last month at South Summit Adara Ventures ran a panel on Blockchain to understand the potential use cases this emergent technology may provide for enterprises as part of their Cybersecurity strategy. The panel formed part of our Cybersecurity track, and followed exciting conversations on AI in Cybersecurity, IoT and Cloud Security, and a discussion with some of Spain’s top Chief Information & Security Officers (CISOs) to hear how large organisations are approaching cybersecurity in an age of ever more frequent cyberattacks (you can read about that here).

We were delighted to have participate in this discussion Alex Puig, CEO of Alastria Blockchain Ecosystem, Adam Draper, Founder and Managing Director of BoostVC and Olga Blanco Poves, Blockchain Lead at IBM. We were lucky enough to have Leonard Boord of Tokenizo, as Moderator of the Panel, and he directed the discussion towards some key issues currently dominating the Blockchain ecosystem, namely, how enterprises are engaging with startups to build enterprise Blockchain solutions, the potential areas where such solutions can add value to an enterprise, and the continuing need for education at the enterprise level over the power of blockchain to improve products and services.

From L-R: Alex Puig (Alastria), Adam Draper (BoostVC), Olga Poves Blanco (IBM), Leonard Boord (Tokenizo)

Similar to our post on Cybersecurity strategy, we wanted to distil the discussion into three key learning points that emerged from the panel:

Whilst it is clear that we are still in the early days of Blockchain adoption at the Enterprise level, it appears that attitudes are shifting towards recognition of the technology as foundational for value creation. This opens ever more opportunities for collaboration between the Enterprise and the startup community, on a global level. We hope the above discussion encourages more entrepreneurs to engage Enterprises at an earlier stage, and to focus on the use cases, and not just the hype, surrounding Blockchain.

Ross focuses on the origination and execution of new investment opportunities and supports the existing portfolio with corporate and strategy development. Ex-WPP M&A, completing 30+ investments at the intersection of data, digital and media. MBA alumni of IE Business School. Scotsman in Madrid. You can follow him on Twitter here.

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