On March 18th - 20th, The Cisco CEO•CIO Leadership Council will run in Kiawah Island, South Carolina, bringing together CEOs from Fortune Global 500 companies with their CIOs. The High–level discussions will focus on transformative technologies facing business, including bitcoin and payments.
The popular Cisco Leadership Council CEO-CIO 2015, an event that brings together the CEOs and CIOs of Fortune 500 companies and other industry pioneers to discuss technology of tomorrow, has Bitcoin on its agenda for this year. The event, which takes place from March 18-20 this year, will see a special guest, Tony Blair, the Prime Minister of UK until 2007. The event has gained popularity in recent years as a platform that challenges the boundaries of technological innovation by bringing together the largest stakeholders and the companies that are moving towards these uncharted territories. The list of speakers for this year is still being confirmed.
Bitcoin and Virtual Currency Discussion
There is a whole panel at this event, dedicated to the new payments ecosystem. The four main points of discussion as presented in the agenda include –
- How will mobile payments and digital currency change the entire value chain?
- Will virtual currency fill a much-needed void for the “unbanked” of the developing world?
- Is the Bitcoin platform the game changer?
- What is the opportunity for large companies?
- Who is the next disruptor in the payments space?
This is a great platform for the Fortune 500 companies that don’t yet work in the Bitcoin and virtual currency space to learn more about this technology and its possible future impact on these companies.
More Mainstream Companies
More and more mainstream companies are taking a look at Bitcoin and what it can do to help their business. Several large multi-billion dollar companies, notably in the technology sector, have been looking at Bitcoin and blockchain technology for future innovation. IBM, for instance, has been aggressive in pushing for blockchain-connected internet of things devices which can perform operations on a fairly autonomous level and interact and trade with other connected devices.
Since Bitcoin lies at the intersection of finance and technology, some of the largest companies in both these areas and companies at the intersection of these two sectors, are increasingly becoming interested in Bitcoin. Bitcoin provides several opportunities for seamless cross-border trade and potentially helping the world’s unbanked, considering it is generally easier to create a Bitcoin wallet than a bank account for the majority of the world’s population.
The most interesting use cases that these companies are exploring, however, are not even related to Bitcoin as a simple currency. Instead, these companies discuss the impact of Bitcoin’s blockchain technology on several industries in the future, and how this will affect their own business. With hundreds of millions of dollars being invested by the top venture capital funds in this industry, it is only a matter of time before the larger technology industry takes notice.