The Blocknorth team attended the inaugural FinTech North event in Newcastle on Friday 5th October at Hedgehog Labs.
The event was a big success, covering a wide-range of topics related to the fintech sector, though interestingly spilled over into some broader issues regarding entrepreneurial spirit & the relative merits of business growth in the North as compared to London.
The impact of blockchain technology in the fintech sector was a big interest for the Blocknorth team in attendance, and the subject drew considerable interest in different use-cases.
It was great to see the excitement and interest at the mention of blockchain technology, even as it remains in relative early stage of adoption. Businesses are becoming increasingly aware of the need to address the potential use-cases for blockchain technology.
Some of the fastest growing fintech businesses right now are in the blockchain space, with the likes of Ripple & Coinbase leading the way for innovation. Ripple specifically is threatening to shake up the world of cross-border payment settlement through the use of the XRP token, and traditional financial institutions are being forced to react.
Here at Blocknorth, we believe that this will be a theme that will continue to gain traction at fintech events. It will be interesting to monitor the increased mention of blockchain as the technology becomes more mature.