Crypto, AI, Blockchain Trends 2021
Updated: Aug 13, 2021
It was inside this interview I did over here with Earle Hall, CEO of a Crypto Tech firm, Axes, already transforming the Gambling industry, that cattle prodded my wake up call into Crypto, AI and Blockchain trend being more, on our heels, and less, something to look forward to circa 2030.
I have swam in the traditional financial services waters for just shy of a decade.
I spent most of that time working with FinTechs who were selling to Funds, Banks and Insurance firms around the world.
Q2 2021, I added Crypto, AI and Blockchain to my remit after partnering with Crypto Curry Club to support the commercial side of the community - a few months in, and I can’t help but notice a rather stark contrast between Traditional Finance and Emerging Finance and the lack of bridges between the two.
I’m defining Traditional Finance as: FinTechs (Built on Tech that is 5+ years old or older that use technology that sits outside of blockchain, AI and Crypto protocols), Banks, Funds, and Insurance
I’m defining Emerging Finance as: CryptoTech, AI, Blockchain
Having spent the last few months talking to dozens from both camps about their focus, their interests and where they see the bridge between the two camps, I’m fascinated as to when, and how, these two worlds will converge.
I figured a proper look at the current trends and activities taking place in Crypto, AI and Blockchain (CAB), dubbed Web 3.0, may shed some light on where some of this is headed.
If you want a wee cheat sheet in Crypto, AI and Blockchain - then this Crypto, AI, Blockchain Glossary, Shannon Style may be worth a visit.
TRENDS 2021, TABLE OF CONTENTS:
The Crypto Trends, 2021
Digital Assets Labs - Global Fund Firms who could be deemed the age of grandparents within the Traditional Finance camp, eg, global, big, and easily 100 years old, are organising internal teams to form committees that are being tasked with running Digital Asset Labs to resolve how, and where, they will enter the Crypto space. <- I’m so happy to hear this.
Traditional FS Professionals buying Crypto - of the people I’ve talked to...85% of the professionals working withinTraditional Finance have not yet purchased crypto currency. 15% have, with €500 to €1000 invested.
Crypto Insurance - Insurance firms are starting to insure crypto accounts, crypto firms, and insure against attacks on crypto assets.
Google Finance’ Crypto Tab went live 26 March, 2021 - as of the date of this article, that’s going on 5 months old now.