BB: Blockchain is a tool, not a solution

Block.one CEO BB (Brendan Blumer) said at the 2019 Blocksburg Summit that the blockchain is a tool, not a solution for converting business. When it comes to the blockchain's position in business processes, BB points out that blockchain technology should make all processes cheaper and faster, especially in the enterprise. Blockchain technology also provides companies with an “super-secure, ultra-transparent layer” that eliminates the boundaries between producers and consumers. The most obvious example of this potential elimination is the big data domain. In addition, BB expects that most industries will be tokenized in the future.