306.
Week 306 in Detroit. Mid-week I spent some time in Miami. Inveniam hosted Data 3.0 for web3. Blockchain was the main event. While crypto played a starring role in the buzz around the hotel, tokenization and blockchain are the fundamentals that can change asset markets and asset management.
One of the panels featured Miami Mayor Francis Suarez and New York City Mayor Eric Adams. Mayor Suarez talked about innovation and competition as two of the reasons the American economy has thrived for so long. Mayor Suarez called the goal “a tsunami of opportunity.” At the same time, both Mayors expressed concerned about how the status quo and particularly old (stale?) regulations are stifling growth. Mayor Adams talked about how we’re still in the Stone Age in certain areas of our cities and governance while trying to compete for talent, companies and residents.
It’s not unlike the challenges our companies face looking for talent, funding and differentiation with fewer resources and more constraints.
Both cities have embraced emerging technology including blockchain and crypto currency. Miami’s CityCoin has raised $20 million in less than a year. According to Mayor Suarez, the benefits of the coin will be used to fund a rent stabilization fund ($5M) and as a dividend pro rata to Miami city residents ($15M).
My opportunity to speak to the audience was the application of blockchain in residential mortgage. I’m always optimistic and enthusiastic when it comes to…
