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Silicon Valley-based Venture Capital Sees Bright Future in Public Blockchain

Bitpush

Summary: Jiang Yanhong, a founding partner of Silicon Valley-based venture capital fund, Merkle Capital, spoke at the “Stellar New Wave” crypto summit co-hosted by Bitpush.news and ZT Global, June 5.

Jiang Yanhong, a founding partner of Silicon Valley-based venture capital fund, Merkle Capital, spoke at the “Stellar New Wave” crypto summit co-hosted by Bitpush.news and ZT Global, June 5.

Jiang believed in the future development of public blockchain networks, especially vertical scaling, through which a network expands by bringing in more power and memory to the system’s core processing unit. Jiang stressed the growing customer base, market need, and market scale of a public blockchain.

Jiang introduced the world’s first medical cannabis public blockchain CNC. CNC intends to employ blockchain technology to solve the problems of payment, tracking, and fund-raising in the field to build a closed-loop eco-network in the world for medical cannabis.

By Yiran Dai