Flow Traders CEO Highlights Blockchain's Potential At SmartCon 2024

According to BlockBeats, on October 30, Flow Traders CEO Mike Kuehnel spoke at the 2024 SmartCon conference hosted by Chainlink. During the 'Bridging Worlds: DeFi Meets TradFi' roundtable discussion, Kuehnel emphasized the importance of ongoing interactions with regulatory bodies. He highlighted that the transparency provided by blockchain inherently embeds trust within its concept. Kuehnel noted that financial markets are undergoing significant transformations, which he believes also impact society at large. He referenced recent data from the World Bank, indicating that 1.7 billion adults remain unbanked. Kuehnel suggested that while blockchain alone may not solve this issue, it could serve as an effective solution and should be included in discussions with regulators and other public interest stakeholders.