Three Questions: Takeaways From CIS 2019 (Exclusive) Part 3

As part of the continuing coverage of the Cryptocurrency Investment Summit 2019 (CIS) E-Crypto News continued to reach out to the Speakers and what their opinions on key issues as regards the cryptospace were. Here is what they had to say.

 

Three Questions: Takeaways From CIS 2019 (Exclusive) Part 3 1

Bryce Buffaloe Hybrid and Edge Compute Specialist GOOGLE

E-Crypto News:

In the area of specialization that you covered at the CIS, what is the greatest challenge faced currently?

Adoption is the largest challenge to all Blockchain technology companies and solutions. Great ideas and solutions need well thought product roadmaps, go to market plans, and more importantly evidence they are solve a problem for users. Without this they will fail.

 

E-Crypto News:

What solutions can be proffered to these challenges?

The technology needs to be focused a  very clearly defined problem that users face. This solution needs to clearly solve the problem and scale to common everyday users. Many companies and solutions are attempting to solve for everything vs solving for a targeted use case that affects many.

E-Crypto News:

What is the single most important message you want to pass across to the audience and to the world concerning cryptocurrencies and blockchain technology?

This is not going to be a sweeping change. Yes the technology makes sense, yes it can be world changing, but it needs to be more widely accepted by the world in a digestible form. If you solve a problem using blockchain customers does not really care as long as it works and its easy to use.

Three Questions: Takeaways From CIS 2019 (Exclusive) Part 3 2

David Ritter CEO Penta Network

E-Crypto News:

In the area of specialization that you covered at the CIS, what is the greatest challenge faced currently?

Mass adoption of blockchain technology.

E-Crypto News:

What solutions can be proffered to these challenges?

Greater focus on commercial deployments of blockchain in early adopter industries.

 

E-Crypto News:

What is the single most important message you want to pass across to the audience and to the world concerning cryptocurrencies and blockchain technology?

We live in a world increasingly dependent upon data processes. The key value proposition of blockchain technology is bringing transparency and accountability to the data processes that power our businesses and public institutions.

Three Questions: Takeaways From CIS 2019 (Exclusive) Part 3 3

Keren Kay Co-Founder, CMO Innovesta

E-Crypto News:

In the area of specialization that you covered at the CIS, what is the greatest challenge faced currently?

Recreate trust that will draw in more capital, more people and new great projects.

E-Crypto News:

What solutions can be proffered to these challenges?

A better, more transparent way to asses companies, projects and assets.

 

E-Crypto News:

What is the single most important message you want to pass across to the audience and to the world concerning cryptocurrencies and blockchain technology?

Invest with your eyes open!

Three Questions: Takeaways From CIS 2019 (Exclusive) Part 3 4

Jon Farjo Founder, Chief Product Officer LunarCRUSH

E-Crypto News:

In the area of specialization that you covered at the CIS, what is the greatest challenge faced currently?

Our greatest challenge this CIS was simply time. Our team had to split up as we were also presenting at Techstars Demo Day at the same time. See a few highlights at https://twitter.com/LunarCRUSH/status/1184521099423313920.Crypto is driven by the community. Not earnings reports, management or borders. Crypto research has been way too hard. Investors have been faced with lengthy research time, manual intelligence, endless spam, few trusted resources and inaccurate sentiment.

E-Crypto News:

What solutions can be proffered to these challenges?

At LunarCRUSH, we simplify crypto investment research. We believe that community engagement around crypto projects drives adoption. We heavily focus on measuring social metrics around over 2,000 different cryptocurrencies with over 100 million pieces of social and news content collected and over 150 thousand new posts collected every day, we seek to give a much more complete view of community engagement.

 

E-Crypto News:

What is the single most important message you want to pass across to the audience and to the world concerning cryptocurrencies and blockchain technology?

It’s still very early but the implications of the crypto space are enormous. Be patient and invest thoughtfully, carefully and slowly. Most projects will fail but the ones that thrive will completely restructure the world.

Three Questions: Takeaways From CIS 2019 (Exclusive) Part 3 5

Aidan McCarty Co-Founder Unum ID

E-Crypto News:

In the area of specialization that you covered at the CIS, what is the greatest challenge faced currently?

In blockchain identity, nobody knows how to drive adoption.

E-Crypto News:

What solutions can be proffered to these challenges?

One counterintuitive approach is to leverage civics and government for adoption. Literally everyone understands the problems and limitations of current online ID solutions in this context, and there are strong incentives (e.g. election security) to fix it, with huge financial upside.

 

E-Crypto News:

What is the single most important message you want to pass across to the audience and to the world concerning cryptocurrencies and blockchain technology?

Nobody (outside of crypto) cares that your platform uses DLT. The only thing they care about is the value you provide. You need to focus on providing value to a customer, not just generating new technology and talking about the newest ICOs.

Three Questions: Takeaways From CIS 2019 (Exclusive) Part 3 6

Jenny Q. Ta Founder/CEO CoinLinked.com & VCNetwork.co

E-Crypto News:

In the area of specialization that you covered at the CIS, what is the greatest challenge faced currently?

Female founders receiving funding for both traditional investments and crypto industry. Crypto industry doesn’t have much data as yet, but traditional investments have been stagnated at 2% for 2-3 years now.

E-Crypto News:

What solutions can be proffered to these challenges?

Support more female founders by investing in female founding projects.

 

E-Crypto News:

What is the single most important message you want to pass across to the audience and to the world concerning cryptocurrencies and blockchain technology?

We’re just at the starting point. Things will be mega STARTING the next 1-2 years. That is 1000% for sure!!

Three Questions: Takeaways From CIS 2019 (Exclusive) Part 3 7

Jude Regev CEO Element Zero

E-Crypto News:

In the area of specialization that you covered at the CIS, what is the greatest challenge faced currently?

As of today, there are hundreds of stablecoins, including Tether, Libra, and DAI, with varying protocols yet none completely remove volatility. As long as a stablecoin trades on exchanges with their current protocols, they cannot stay stable, even if they are 100% baked by assets. As long as a stablecoin’s volatility is greater than 1-2% they cannot replace Visa or Mastercard as a way of payment.

E-Crypto News:

What solutions can be proffered to these challenges?

For a stablecoin solution to truly bring mass adoption, it must have the ability to surpass credit cards as a way of payment. To accomplish this goal, there must be absolutely zero volatility on both the stablecoin and exchange of value.

 

E-Crypto News:

What is the single most important message you want to pass across to the audience and to the world concerning cryptocurrencies and blockchain technology?

Element Zero created the world’s first zero volatility protocol that can be used to create a new generation of payments and exchanges. Element Zero is offering free licenses of this technology on their website.

Three Questions: Takeaways From CIS 2019 (Exclusive) Part 3 8

Kyle White Chief Make-It-Happen Officer Jointer.io

E-Crypto News:

In the area of specialization that you covered at the CIS, what is the greatest challenge faced currently?

Current tokenization solutions do not address equity barriers faced in the Commercial Real Estate acquisition industry. They are limited in scalability, liquidity, and accessibility, mirroring crowdfunding rather than revolutionary technology.

 

E-Crypto News:

What solutions can be proffered to these challenges?

Solutions must provide long-term advantages to commercial real estate professionals looking to utilize the true power blockchain technology by making it easier to unlock equity and access capital for lucrative properties. Currently, in the CRE industry, REITs offer many advantages but provide low returns due to leverage regulation limitations.

E-Crypto News:

What is the single most important message you want to pass across to the audience and to the world concerning cryptocurrencies and blockchain technology?

Jointer is a blockchain based alternative to a REIT syndication model with double the returns than a REIT.

Three Questions: Takeaways From CIS 2019 (Exclusive) Part 3 9

Steven Lehat Senior Regulatory Counsel Regulatory World

E-Crypto News:

In the area of specialization that you covered at the CIS, what is the greatest challenge faced currently?

Separating the me-too companies from those that really have something to add to be entrepreneurial conversation.

E-Crypto News:

What solutions can be proffered to these challenges?

Drill down to the team, their articulation of the problem to be solved, and their solution.

E-Crypto News:

What is the single most important message you want to pass across to the audience and to the world concerning cryptocurrencies and blockchain technology?

Embrace Regulators rather than running from them to assure you have the long legs necessary to take your enterprise the distance.

Three Questions: Takeaways From CIS 2019 (Exclusive) Part 3 10

Barbara Bickham Founder/Managing Director Women’s Innovation Fund Accelerator

E-Crypto News:

In the area of specialization that you covered at the CIS, what is the greatest challenge faced currently?

Deal Flow, Co-Investing

E-Crypto News:

What solutions can be proffered to these challenges?

Platform, Networking.

E-Crypto News:

What is the single most important message you want to pass across to the audience and to the world concerning cryptocurrencies and blockchain technology?

Build a real company with real revenues.

Three Questions: Takeaways From CIS 2019 (Exclusive) Part 3 11

Michael Boyd Cofounder Streetcred ID

E-Crypto News:

In the area of specialization that you covered at the CIS, what is the greatest challenge faced currently?

Key Management.

E-Crypto News:

What solutions can be proffered to these challenges?

Social Recovery, export and import of wallets.

E-Crypto News:

What is the single most important message you want to pass across to the audience and to the world concerning cryptocurrencies and blockchain technology?

Death to fax machines.

 

About the author

Christopher is the Blockchain/DeFi Editor for E-Crypto News he also writes frequently about Crypto Gaming and Gambling. He is the author of the book "Profitable Cryptocurrency Gambling and Gaming: A Complete Guide." A content developer, Crypto-Enthusiast, and tech-savvy individual. He is also a Superstar Content Developer, Strategy Demigod, and Standup Guy.

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin60,983 0.09 % 0.12 % 1.34 %
Ethereum4,081.5 0.17 % 2.04 % 5.04 %
Binance Coin481.43 0.22 % 0.55 % 1.13 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Cardano2.140 0.05 % 0.87 % 3.66 %
Solana194.88 0.68 % 1.94 % 19.57 %
XRP1.090 0.20 % 0.54 % 5.20 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2477 0.27 % 0.66 % 5.37 %
USD Coin1.000 0.14 % 0.20 % 0.17 %

bitcoin
Bitcoin (BTC) $ 60,930.00
ethereum
Ethereum (ETH) $ 4,078.42
binance-coin
Binance Coin (BNB) $ 480.93
tether
Tether (USDT) $ 1.00
cardano
Cardano (ADA) $ 2.15
solana
Solana (SOL) $ 194.72
xrp
XRP (XRP) $ 1.08
polkadot
Polkadot (DOT) $ 43.15
dogecoin
Dogecoin (DOGE) $ 0.247675
usd-coin
USD Coin (USDC) $ 0.999473