Exploring the Blockchain Frontier with Alex Nascimento at Future Blockchain Summit
In a captivating discussion, Oscar Wendel Senior Manager at Dubai World Trade Centre, had the pleasure of sitting down with Alex Nascimento, the co-founder of Blockchain at UCLA and the author of The STO Revolution.
As an esteemed blockchain educator, Nascimento sheds light on the perils, prospects, and realities of blockchain in the realms of finance and government.
Teaching blockchain courses at UCLA since 2017, Nascimento aims to bridge the knowledge gap between blockchain technology and business executives, entrepreneurs, and students. His workshops have reached various corporate and financial institutions, including China Everbright Bank and FICO, opening up the world of blockchain to a wider audience through online courses.
Over the years, Nascimento’s course has evolved with the rapidly changing industry, adapting to new trends and regulations. Notably, the focus shifted to emphasize regulatory compliance to ensure the technology’s alignment with local jurisdictions.
Looking ahead, Nascimento foresees a future where the term “Web3” will overshadow “blockchain.” This convergence of frontier technologies, including cryptocurrencies, metaverse environments, AR, VR, machine learning, and AI, will revolutionize every industry.
Discussing CBDCs (Central Bank Digital Currencies), Nascimento highlights Brazil’s plans for a wholesale CBDC named Real Digital, distinct from China’s retail approach. He explores how tokenizing assets and integrating Web3 technologies can improve transparency, programmability, and data protection, while acknowledging the potential privacy concerns.
The conversation also delves into the critical issue of biometrics and secure wallets. Nascimento acknowledges the cybersecurity challenge in the industry but stresses the importance of integrating biometrics with blockchain for a more secure digital asset management system.
Regarding the BRICS (Brazil, Russia, India, China, and South Africa) economies, Nascimento reveals their collaborative effort to create a BRICS coin as an alternative to the US dollar. This initiative seeks to provide these nations with a stronger voice in the global economy, with blockchain playing a significant role in supply chain logistics.
As for the Federal Reserve and the US CBDC, Nascimento predicts that the US will likely follow a decentralized ledger technology route similar to Brazil, focusing on instant payments. The digital revolution is unstoppable, and the US must adapt to stay competitive.
At the end of the discussion, Alex Nascimento enthusiastically invited all participants to join the workshop at the Future Blockchain Summit, which will take place from October 15 to 18. He emphasized the excitement of exploring the latest technology in Web3, offering participants from diverse industries the opportunity to grasp how Web3 will impact their businesses profoundly.
The workshop also covers Dubai’s friendly regulatory environment. However, Nascimento urges caution in navigating it to capitalize on opportunities while ensuring compliance with the correct business model.
Besides focusing on the tech aspects, the workshop will also delve into Dubai’s legal framework, empowering executives and entrepreneurs to leverage its potential fully. With this comprehensive approach, the Future Blockchain Summit promises to be an enlightening and transformative experience for all attendees.
The interview with Alex Nascimento offers a captivating glimpse into the dynamic world of blockchain technology and its far-reaching impact on the future of finance and government.
It serves as a reminder that embracing Web3 technologies is not just an option but a necessity for staying relevant and competitive in the digital age.
