“It will be a world of many chains.”

While many participants in the crypto space continue to advocate for a single blockchain, some believe that the future will consist of multiple blockchains working together.

From Toronto in 2017 to now, we've taken the #RippleSwell around the world. I closed out this year's event with a fireside session with CNBC's @dan_murphy on how we can get to the next level of enterprise crypto adoption with regulatory transparency. 1/2 https://t.co/kXLxeAGAEk

— Brad Garlinghouse (@bgarlinghouse) November 11, 2023

During a fireside discussion at the Ripple Swell 2023 event in Dubai, Ripple CEO Brad Garlinghouse made mixed comments, saying that he is actively encouraging self-proclaimed “super-experts”. According to the CEO of Ripple, the world will be multichain in the future. He explained.

“I'm very knowledgeable about the whole range of things going on in crypto. I'm definitely trying to convince people not to be super experts about any particular crypto. It's going to be a multi-chain world.”

In addition to scaring away pessimists, Ripple's CEO spoke about what he believes are incentives that could drive further institutional adoption for crypto. According to Garlinghouse, two factors may promote greater institutional adoption of digital assets globally. This includes clear regulatory frameworks and the existence of what he describes as “visible utility”.

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Garlinghouse explained that while the United States accounts for 22-23 percent of global GDP, the country is “lagging behind” when it comes to regulators creating clear rules for crypto. Ripple's CEO said the U.S. is lagging behind if regulators are engaging constructively with the sector compared to jurisdictions like Dubai. He explained.

“You know, America has been behind in creating those structures, especially unlike Dubai's world structures. And you have to have frameworks for big institutions to accept and participate.

In addition to clear rules and regulations, Ripple's CEO believes that it will lead to more institutional adoption. According to Garlinghouse, crypto speculation is not the end goal. “You also have to have that proven facility because if it's just a hypothesis, it's not, in my judgment, the promised land,” he added.

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