Blockchain Still in Early Days, Following Same Path as Internet: “It’s Like the Early 90s of Blockchain Technology.”

DENVER, CO – Many would say that blockchain is driving the data center conversation, especially in regions such as the Mountain West, where the bitcoin business is booming. So CapRE’s Second Annual Great Denver Data Center Summit last week featured a panel titled “The Next Chapter: Blockchain, Cryptocurrency and Bitcoin: What are They and How Do They Impact Data Center Design, Construction, Development and Operations?” and the conversation featured some remarks by Josh Finkleman, Managing Partner at Colorado Blockchain Capital, LLC about what people need to understand about blockchain and crypto-currencies. “Why is this all important? That’s what it all comes down to,” Finkleman began. “Unfortunately I spend most of my time educating people on this technology. Which most people don’t understand. Most people…are watching CNBC, and they see that “Bitcoin is dead” or that it’s crashing. But what people don’t realize is happening is that you’ve had a technology breakthrough that’s happened, due to crypto. And it’s the equivalent of IP addresses.” Finkleman then turned back the clock a bit. “Back in the early 90s we had the internet and if you remember -- those of you who are old enough, and I am -- we didn’t really know what the internet was,” he recalled. “It came out and it was like, what’s this? What’s it going to be? How can I leverage that? So fast forward, and we know how prolific that was. How it changed all of…