ConsenSys Founder Joseph Lubin Gave His Outlook for Blockchain in 2019 to CNN Money Switzerland

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Joseph Lubin, the co-founder of Ethereum and founder of Enterprise Ethereum Company ConsenSys, talked to CNN Money Switzerland.

He sat down with Olivia Chang and answered her questions related to blockchain technology.

This was Lubin’s second year at the World Economic Forum (WEF) in Davos, Switzerland.

The Blockchain Conversation Has Changed

Chang asked Lubin how the conversation around blockchain has changed since his last outing at the WEF.

Lubin replied that ConsenSys decided to attend the conference in Davos because they wanted to bring some new content to the people who were growing excited about this space.

This year, the conversation is more centered on applications he said.

Chang further asked him where he sees blockchain technology heading.

Lubin noted that technology has gone through several booms and corrections in the past ten years.

He said:

“I think we’re back to the real breakthrough territory again.”

When asked if the blockchain market is maturing slowly as compared to the internet, Lubin said that internet took decades before it was relevant to anybody apart from academics.

Blockchain technology, he said, is very complicated and doing much more than just messaging and publishing. He said it affects the world of finance, devices, identity, and more.

Unique Use Cases of Blockchain

He said one of the unique uses of blockchain could be in helping to remove plastic pollution.

He said that this could come through the creation of mechanisms that make use of blockchain-based identity and enable collective funding and action to help stop plastic from flowing into rivers and the ocean.

He also talked about FUDs spreading in the blockchain space due to certain journalists which is why he chooses to be so vocal and optimistic on Twitter.

Lubin also noted that this year we would see scalability breakthroughs and private and confidential transactions through permissioned networks.

When asked, Lubin said that the knowledge gap is not a primary concern in the space.

He noted that there are more 60 stablecoin projects underway and many other building blocks that enable:

“More and more people are able to use those building blocks, and entrepreneurs and technologies are able to compose those building blocks into more complex solutions that consumers can actually make use of.”

He went on to talk about the utility of blockchain as a platform to change our value system and consortia. A full version of the interview is available on CNN Money Switzerland.

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