Technology Built for Business: The Evolution of Blockchain Utility with Avalanche's John Nahas
For wealth professionals following digital assets, the episode sets out how one infrastructure provider frames institutional adoption and the shift in regulation after the GENIUS Act. It is a vendor-side view of where blockchain utility is heading rather than portfolio content.
Summary
By the real estate & infrastructure deskAt the 2026 Wyoming Blockchain Symposium, Fortune's Jeff John Roberts spoke with John Nahas, chief business officer at Ava Labs, about the blockchain industry entering a phase focused less on speculation and more on real-world adoption by businesses, financial institutions and governments. The conversation covers Avalanche's approach to customizable, purpose-built blockchains, the outlook for general-purpose Layer 1s, consolidation and so-called "zombie" chains, decentralization as a journey, and the role of blockchain foundations. It also touches on blockchain M&A and the regulatory environment following passage of the GENIUS Act.
- The discussion centres on the industry moving from speculative projects toward real-world adoption.
- Nahas describes Avalanche's model as customizable, purpose-built blockchains aimed at businesses, financial institutions and governments.
- Topics include the future of general-purpose Layer 1s, blockchain consolidation and "zombie" chains.
- The regulatory environment is discussed following the passage of the GENIUS Act.
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