Coinvention 2019 to Tackle Scalability Challenges of Taking Blockchain to the Masses

As the blockchain community prepares for Coinvention 2019, the challenges of scaling blockchain technology for mass adoption is confronting the industry. It is a challenge that the conference plans to tackle head-on by bringing together blockchain enterprise companies, developers and enthusiasts for a two-day event, September 20-21, at the landmark Loews Hotel in Philadelphia, Pennsylvania. Importantly, for those involved in the space, the gathering also offers a platform to broadcast corporate visions, reach target audiences and engage peers. Given its diverse attendee profile in the past, Coinvention 2019 will likely provide the perfect platform to reach out to blockchain developers, marketers and executives in a way that will help efficiently scale this new technology.

Blockchain is having teething problems. While the technology very cleverly solves the ‘double spending’ problem associated with the transfer of digital assets, it uses a rather cumbersome methodology to do so. Every new transaction adds one more block to the chain, and each additional block is larger than the one before, since it not only has the information pertaining to the new transaction, but traces of all previous transactions. Blockchains can get big pretty quickly. The bitcoin blockchain, for example, was “approximately 226.6 gigabytes in size as of the end of June 2019,” according to Statista (http://nnw.fm/Dj0Kr). That’s an increase of almost 40 percent from a year ago, when it was 162.7 gigabytes. The exponential growth in blockchain infrastructures is impeding the development of practical applications.

However, there’s no doubt that solutions will be forthcoming, clues to which are likely to be offered by the stellar cast of speakers scheduled to give addresses at Coinvention 2019. The conference will feature 32 leaders and innovators in the crypto space, including Mike McCoy, Arpit Mathur and Aaron Kosowski, speaking on mass market blockchain adoption, regulation in the industry, blockchain use cases and other related issues.

McCoy is an emerging technology implementation specialist who leads the Healthcare Blockchain Practice at Accenture and the ‘Blockchain for Healthcare’ curriculum at Thomas Jefferson University. Mathur is a principal software engineer at Comcast Labs, where he is currently working on virtual and augmented reality and conducting research on blockchains and the decentralized internet. Kosowski is a co-founder of Backyard Crypto, which aims to provide “technical blockchain knowledge, transforming it to an everyday language, while rewarding the community that helps build (its) vision.”

Presentations will be segmented, with three or four keynote addresses and demos, followed by Q&A, eight STO/ICO presentations and several panels for follow-up discussion. On both days, there will be ample opportunity for networking, with a hackathon & meetup on day one and Coinvention & mixer on day two. Coinvention 2019 will be an integral part of Philadelphia Blockchain Week, September 15-22, which is also powered by Coinvention.

For more information, visit the event’s website at www.Coinvention.io

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