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About Fortune Global Tech Forum in China last week, a panel member outlined the roadmap for a future blockchain. Lei Chen, CEO of Xunlei Technology, said that a $ 30 billion blockchain company is not impossible, but must meet three major goals:
- One million transactions per second.
- A "unified and well-pondered" regulatory framework.
- A blockchain application with 10 million users.
This combination of factors could trigger the first big company in the vanguard of blockchain space.
Chen claims that his company's blockchain platform, ThunderChain, is able to take advantage of the transaction speed required by leveraging the unused computing power of inactive computers.
However, creating a blockchain application with 10 million users will be the biggest obstacle. For example, current applications on the Ethereum blockchain can not reach 1,000 daily users.
Finally, Chen discussed the possibility of blockchain by changing the way personal data are owned and shared with others. "Blockchain will challenge data ownership models today because data should be people's people's data."
(Source: Fortune)
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