Joseph C. Guagliardo, a partner with Pepper Hamilton, a co-leader of the firm's Technology Group and chair of the Blockchain Practice, was quoted in the April 20, 2018 Philadelphia Business Journal article, "Big Bet on Blockchain: Companies Are Investing Millions of Dollars in the Technology."
"The promise of technology is still there and is stronger than ever," said Joseph Guagliardo, a partner in Pepper Hamilton’s technology group who focuses on blockchain companies. "There’s just a shadow over cryptocurrencies because regulators have to protect investors."
When looking beyond cryptocurrencies, he’s seeing an uptick in the region when it comes to businesses exploring blockchain.
"We’re seeing more and more activity in both new companies and companies that are showing they have people that are actively following it," he said. "There are companies that are looking to use blockchain to solve real problems, and to use the technology to solve problems traditional databases can’t do."
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The health care industry, a major driver of Greater Philadelphia’s economy, could also see increased efficiencies through blockchain technology, Guagliardo said. Electronic health records, medical trials, pharmaceutical development could all be areas where secure transfers of data could drive progress.
"This is a region that has a very strong life sciences industry, so I think this is an enormous opportunity in the region for health care institutions to use blockchain to solve their problems," he said, adding there are developments in this space already in the works. "You’ll see more of that in the coming months."