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Commercial Finance Companies Can Benefit from Blockchain Growth, The Alta Group

February 05, 2018, 06:50 AM
Filed Under: Industry News

Nevada’s quest to encourage blockchain technology start-ups is creating new business opportunities for commercial finance companies in the state and nation, says Patricia Voorhees, director of The Alta Group. Voorhees will discuss blockchain opportunities for commercial finance businesses on Tuesday, Feb. 6 at Blockchain: Building the New Nevada on Trust. The invitational conference will be held at the Nevada Museum of Art.

“We are pleased to contribute our knowledge to this important event,” adds Alta CEO John C. Deane. “The conference will bring together leaders in business and state government to unleash the potential of blockchain in Nevada.”
Capital equipment purchases top $1.2 trillion annually in the US, powering business growth. The emergence of fintech-enabled companies, including blockchain businesses, is having a significant and growing impact on small business lending and equipment finance. Blockchain technology offers tremendous promise for bringing greater efficiency, new financing products and access to new funding structures to commercial finance, Voorhees says.
Blockchain tracks and secures cryptocurrencies like bitcoin and other data. The technology has multiple applications that are expected to impact industries ranging from commercial finance and fintech to mining, energy, gaming, healthcare and the public sector. Nevada, which has experienced considerable success attracting technology companies, rolled out the welcome mat to blockchain businesses when Governor Sandoval signed SB 398 in June of 2017 supporting the growth of blockchain startups.

Other conference speakers will include State Senator Ben Kieckhefer, Tod Colegrove of the University of Nevada, Reno, Eric Piscini of Deloitte Consulting, Allison Clift-Jennings of Filament, Nathaniel Enders of Energy Blockchain Network, Mark Smith of Symbiont, Kingsley Edwards of Unikrn, Sarabjeet (Jay) Chugh of Oracle, Meltem Demirors of Digital Currency Group and Jennifer O’Rourke of the Illinois Office of Entrepreneurship, Innovation & Technology. Conference organizers are Cafferata & Co, McDonald Carano, and Clift & Co.

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