The consensus, the annual crypto and blockchain conference, attracted more than 15,000 participants, 220 sponsors and 410 speakers in its edition in 2023 in Austin, Texas, despite recent regulatory difficulties around the adoption of cryptocurrency in the United States.
The rate of participation in consensus 2023 has shown that American companies and international organizations are always very interested in implementing web3 technology in their commercial models.
Caitlin Long, founder and CEO of the Custodia Bank – A Wyoming -based digital asset bank – told Cintelelelegraph that the conference attracted serious participants in the ecosystem, saying: “We saw during the cryptographic winters before where consensus is exaggerated with people and businesses preferably (for example, several years of the arrow And New York companies in 2018. This year was the second.
Adios Austin! It was my favorite #Consensus Conf since 2017 – by my assumption, there was the highest% of the presence of his colleagues “PEEPS preferably at low duration on the missions of principle” since this year. A big thank you to everyone who showed your support – it was like a great warm hug! Safe house! pic.twitter.com/nopmu03vav
– Caitlin Long ⚡️ (@caitlinlong_) April 29, 2023
Companies discuss web3 strategies
Several major organizations were present at the 2023 consensus, with Mastercard, Google, Robinhood and Coinbase, among others, gathering to discuss their web3 strategies.
James Tromans, web3 manager at Google Cloud, said Cointelegraph about certain Blockchain initiatives that the company recently launched.
“At the end of last year, Google Cloud announced Blockchain Node Engine, which allows users and developers to execute an Ethereum node without having to manage or support it themselves,” he said.
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During the consensus, the company announced that it had extended the support for the Blockchain node engine to proof of proof of the implementation, in addition to Ethereum.
Tromans added that Google Cloud knows what Polygon has done in zero knowledge space (ZK), noting that Polygon ZK Ethereum virtual machines (ZKEVM) and polygon supernets will benefit from the supply of Google Cloud infrastructure and developer.
In addition, Tromans stressed that the Google Cloud’s start -up program will help businesses interested in web3 using existing Google Cloud products. “Polygon is an important part of this initiative, because they provided a contribution of $ 3 million in their venture capital fund to take off with us,” he said.
The Global Giant of Financial Services Mastercard announced its solution “Mastercard Crypto Credential” during the consensus. Raj Dhamodharan, chief of the crypto and the Mastercard blockchain, said during a discussion by the fireside during the consensus that he is “enthusiastic by the underlying potential of blockchain technology” because of his ability to store and move the value transparently.
However, Dhamodharan explained that “this potential is not fully achieved today”, then Mastercard began to work on several products like Mastercard Crypto Credential.
“I believe that once you have the good constituent elements necessary for safety and simplicity, you can have more companies built and count on the basic utility of storage and movement of value,” said Dhamodharan on stage.
Conversations continued at secondary events
Although there were 10 stages dedicated for 285 panels during consensus, many parallel events have enabled major conversations to continue outside the conference.
For example, evidence of zero knowledge (ZK resistant) were widely discussed during consensus, but in-depth conversations around ZK-insproots took place during the “ZK360” event organized by the Mina protocol. Evan Shapiro, CEO of the Mina Foundation and co-founder of the MINA protocol, told Cointelegraph that ZK360’s objective was that participants strengthen the latest ZK advances and how they can be applied in the real world. “Web3 needs both confidentiality and verified calculation. ZK’s intermediary provides both people both when applications need these features to be more efficient, decentralized and scalable, “he said.
Other layers of Blockchain of layer 1 such as Ripple and Algorand welcomed lateral events, allowing consensus participants to better understand the specific offers of blockchain while networking with members of the community. These events also presented an opportunity for non -consensus participants to find out about important subjects in the web3 sector.
Lack of an international presence
Although the participation rate during the 2023 consensus is notable, some industry experts stressed that the conference did not have an international presence.
Yat Siu, President of Animoca Brands – a venture capital company focused on blockchain games – told Cintelelegraph that Asian regions like Japan and Hong Kong offered a progressive and welcoming regulatory environment for the adoption of cryptography. He noted that most of the people he spoke with consensus seemed surprised or even skeptical. He said:
“I think that a broader presence of participants abroad would have helped to allow the consensus participants to better understand the extent of the excitement and the opportunities that exist outside the United States. I would like to see a stronger international presence during consensus next year. »»
Despite this, Siu said that the 2023 consensus was a highly frequented and high energy conference. “I was surprised at the level of competition activity that took place, even if the story was that the United States was negative on the crypto,” he said.
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Siu echoes Siu, president of the Enterprise in Moonpay. He told Cointtelegraph that he had been impressed to see so many leaders of some of the largest companies present in consensus. “Transactions have been discussed, and I think we will come back to the 2023 consensus, recognizing that it was a maturation in the industry with regard to the way web technologies can be deployed significantly for businesses and their customers.”
