Jamie-Burke-Blockchain-Tech-Needs-to-Better-Appeal-to-the-Masses

Mass adoption of cryptocurrencies and blockchain technology is often touted as a prerequisite to the successful integration of cryptocurrencies into everyday life, and to the success of the markets. If the public were to suddenly understand and embrace blockchain technology as the future, there would be very little to prevent the tech from becoming the foundation of an entirely new economic system. But in order for this mass adoption to be successful, a number of things need to happen.

According to leading economists, the biggest prerequisite to mass adoption of blockchain technology is the participation of institutional money into the existing cryptocurrency markets and blockchain industries. Institutional money typically refers to Wall Street and large investors in first-world countries like the United States. When these big firms pick up blockchain tech as an investment and a tool, the markets respond very positively.

Some within the cryptocurrency community remain stubbornly opposed to the concept of institutional money. To the hardcore fans of crypto-tech, traditional investment is an idea which flies in the face of the very anti-establishment beginnings of Bitcoin, way back in 2012. But to the majority of sensible analysts, it appears that institutional investment would be a benefit—not a detriment—to the development and adoption of blockchain technology.

Jamie Burke

Jamie Burke serves as the CEO of Outliers Ventures, a venture capitalist firm with specialized interest in blockchain technology and cryptocurrency speculation. In an exclusive interview with cryptocurrency news website “LetstalkBitcoin.com,” the professional spoke expansively on the importance of institutional investment to the future of cryptocurrencies and blockchain.

First, Burke argued that the support of institutional investors is important in establishing a reputation for any industry. Additionally, he held the view that institutional backing of blockchain technology could help to provide much-needed regulation in the growing market, which is currently filled to the brim with price manipulation, fraud, and crime.

Institutional Development

Burke was also clear in his conviction that the blockchain technologies which drive the evolving fintech sector require incredible and ever-increasing amounts of energy. In order to respond to and satisfy these energy requirements, Burke believes that institutional hands must be present to guide and encourage sensible reform, development, and improvement.

His analysis is spot on, especially given the financial history of countries like the United States. Institutional money from venture capitalist and investment firms consistently encourages the incentivizing of core innovations, pushing individuals from all sectors to try their hand at the new technologies driving the industry.

Blockchain For Equity

But even Burke expressed his belief in limitations for the cryptocurrency community’s embrace of institutional support. He outlined that corporate powers like Uber or Amazon do not typically use their infrastructures in a way that is conducive to providing for their employees fairly and equitably. Given the fair adoption of blockchain technology, however, Burke is convinced that the nature of big businesses like these behemoths could be radically changed—and for the greater good.

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