Blockchain is Second only to AI: Brock Pierce

Brock Pierce, founder and managing partner of Blockchain Capital and chairman of the Bitcoin Foundation, is a venture capitalist and entrepreneur. Pierce pioneered the market for digital currency in games and has raised more than $200 million for companies he founded. A faculty at the Singularity University, Pierce is also the founder of IMI Exchange (the world’s leading digital currency marketplace for games), ZAM (one of the world’s largest media properties for gamers) and IGE (the pioneer of digital currency in online games). In an email interview, Pierce—who was a speaker at the two-day SingularityU India Summit ((held on 7-8 April in association with INK, which hosts events like INKtalks, a platform for the exchange of cutting-edge ideas and inspiring stories)—spoke, among other things, on why companies would want to invest in blockchains. Edited excerpts: