TThe future of blockchain is here, said Shekhar Gupta, emphasizing that since the technology gained mainstream interest, it has proven to be essential in a wide range of use cases that could help reshape the world as consumers and innovators know it.
“A lot has changed over the last three or four years in the blockchain and Web3 space,” said Gupta, a serial entrepreneur from Kansas City and founder of Heartland Web3 Conference. “Things like NFTs, smart contracts, and distributed finance have emerged, and many people still don’t fully understand their potential.”
Educating the public about this potential – and working to fuel greater innovation in the emerging industry – prompted the return of Gupta’s Heartland Web3 conference.
The daylong conference, scheduled for November 8 at The Gallery in downtown Kansas City’s Power & Light District, is designed as an opportunity to actively engage with experts through panel discussions, workshops and presentations, while staying up to date with the most recent developments in the field. blockchain and Web3, Gupta said.
Click on here for tickets to the Heartland Web3 conference.
With the conference returning in 2023, Gupta is determined to use the Web3 gathering to share valuable insights into the evolution of technology. The conference is expected to cover topics such as digital identity, NFTs, legal aspects of smart contracts and the social impact of blockchain technology.
Among the conference’s 14 speakers, notable experts include Kansas City entrepreneur Toby Rush, founder of Deem; Show Jones, focusing on DAOs for social causes; and Raven Josiah, an innovator exploring QR codes and commissions.
Making the future accessible
With the rapid evolution of blockchain technology and the Web3 landscape, many people do not find the industry accessible, Gupta acknowledged, emphasizing that one of the key principles of the Heartland Web3 conference is to ensure accessibility for all , even for those new to Web3.
“We want to provide education to people who may not know what it is,” he said. “And also provide conversations for people who maybe know what Web3 is, but don’t know how to develop a product in that space.”
The Web3 conference first made waves in 2019 when it attracted more than 200 attendees to Kansas City, including prominent speakers from various parts of the country, Gupta said.
“We had speakers from the West Coast, northern Minnesota, Austin and Chicago,” Gupta said. “It was a real success.”
The event had a profound impact before the pandemic, he said.
“I know there were entrepreneurs shaking hands and coming together, and so I know at least a few different companies or products emerged after that conference,” Gupta said.
Digital solutions for the real world
Web3 technology can be adapted to address real-world social problems, such as the homeless and refugee crises, Gupta said. He sees Web3 as a tool to easily establish the identity of those who need it.
“My personal belief has always been that people don’t want to be homeless,” Gupta said. “There are many government resources available, but many times these people don’t know how to get them or have no way to prove who they are. »
Using Web3 in the form of an identity verification app, for example, could play an important role in overcoming these obstacles, he said.
“You can create an identity similar to a state ID or a driver’s license and put it on the blockchain,” Gupta continued. “No one can refute it. No one can say, ‘Oh no, my name is Shekhar Gupta.’
He also highlighted the role of blockchain technology in supply chain management, where it can ensure the integrity of products during transit. Gupta gave the example of how a smart contract simplifies car purchases by automating the agreement between the buyer and seller.
Smart contracts can specify car details, including make, model, mileage, condition and conditions. When both parties agree, the contract automatically transfers funds to the seller, ensuring a secure and efficient exchange while confirming the condition of the car.
“There is no middleman,” Gupta said. “So you’re not afraid to send me a car, a means of transportation, because you know it’s on the blockchain. Once I answer “yes”, you will receive the money. If I answer “no”, you will get the car. There is therefore no fraud per se. »
Blockchain can also track and verify critical data such as temperature in a shipment of perishable goods, ensuring conditions are met and regulatory requirements are met.
An evolving conversation
Kansas City has recently been recognized as a growing tech hub, and Gupta believes a bigger look at blockchain in KC can bring even more attention to the city.
“Having a national-level technology conference can definitely bring that kind of visibility where the mayor can say, ‘In addition to getting this designation, we’re also having this technology conference, and people have come from all over the world.’ country to attend,” Gupta said.
As Web3 technology continues to advance, the conference will adapt to meet the themes of the day, Gupta said, noting that future gatherings will reflect whatever innovation is at the forefront of the conversation.