The Issue of Interoperability - TOKEN2049 Singapore 2022

Explore the complexities of interoperability within the blockchain universe in this intriguing panel talk at TOKEN2049 Singapore 2022. Led by Alyssa Ostrov, Chief of Staff at CryptoCompare, expert panelists Rigank, Co-founder and CEO of Merkle Science, and Malcolm Wright, Director of Regulatory Affairs for GBBC Digital Finance, delve into the critical challenges and potential solutions enhancing the interconnectedness of different blockchain technologies.

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With the exponential rise in blockchain networks, interoperability emerges as a crucial element for improving user experience and advancing decentralized finance (DeFi). However, the panelists identify several obstacles, including technological discrepancies, lack of collaboration among blockchain parties, and global divergence in regulatory frameworks.

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Highlighting regulatory interoperability, Malcolm Wright emphasizes the necessity for harmonized rules to facilitate seamless cross-border operations in the global digital space. The discussion also underscores the pressing security concerns, with high-profile hacks like those on Nomad and Ronin Bridges illustrating the vulnerabilities inherent in new technologies.

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This recording provides valuable insights into the pressing need for industry-wide collaboration and regulatory clarity to foster innovation while safeguarding the ecosystem. For those interested in the future connectivity of blockchain networks, this talk presents expert observations and recommendations on overcoming current challenges and advancing towards a more secure and unified crypto space.

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