Three Questions: Takeaways from CIS 2019 (Exclusive) Part 2

The Experts at the CIS 2019 bare their minds

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As part of our continuing series on the Cryptocurrency Investment Summit 2019 (CIS), E-Crypto News has continued to relay the various comments that Speakers at the event relayed to us. Here goes!

Andy Singleton Partner Unbundled Fund

E-Crypto News:

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

Small-cap tokens and tokenized security offers are bad investments. They have adverse selection (good deals aren’t distributed) and allowing them to trade just drives the price down due to lack of bidders on small caps.

E-Crypto News:

What solutions can be proffered to these challenges?

Achieve the dream of tokenization (securitized access to small-cap assets) by acquiring stakes in good investments from professional lead investors, and rolling them up into much bigger Unbundled Funds.

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?

Blockchains and blockchain communities are going back their origin as a specialized tool for Decentralized Finance – removing banks as a central counterparty and transacting directly peer to peer.

Tom Meredith Founder CEO BitMinutes

E-Crypto News:

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

Widespread adoption of blockchain and tokens to provide financial inclusion to the 2 Billion Un-banked.

E-Crypto News:

What solutions can be proffered to these challenges?

BitMinutes’ Trusted Agent Network (TAN) solves the last mile problem of converting physical cash into mobile money.

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?

Every country in the world will be issuing their own “eFiat” digital currency within 5 years.

Phillip B. Shoemaker Executive Director Identity.com

E-Crypto News:

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

Getting mass adoption of Decentralized digital IDs.

E-Crypto News:

What solutions can be proffered to these challenges?

Leveraging new business models like self-checkout, age-gated consumer devices and vending machines.

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?

Blockchain is a powerful tool when used properly. It is not an all in one tool;it  needs to be utilized properly. 

Marc Scarpa co-founder Decentric Media

E-Crypto News:

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

Easy to use technologies.

E-Crypto News:

What solutions can be proffered to these challenges?

Intelligent Media to a global audience.

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?

Remember what this is all really about – mass adoption.

Mark Savage Manager ADOR

E-Crypto News:

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

The greatest challenge for me is getting the general public and companies to use virtual items in their everyday lives.

E-Crypto News:

What solutions can be proffered to these challenges?

A simple solution can be a CIS standard for virtual items and a few partnered wallets that are recognized. My company ADOR has a great solution for standards with virtual items, we are a pre-seed start up that would love a few angels to invest for us to build out our platform.

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?

The message I want to convey is that cryptocurrency is simple to use, and can be used today. Also that blockchain technology should be an extension of your current business model. Which can be used for audience engagement, decentralization, incentives, marketing and more!

Jonathan Turnham Partner Travers Thorp Alberga

E-Crypto News:

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

Shifting regulatory frameworks.

E-Crypto News:

What solutions can be proffered to these challenges?

Working in a stable jurisdiction (such as the Cayman Islands) that is supportive of DLT technology.

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?

Share your knowledge and be prepared to collaborate in order to grow.

Justin Newton CEO Netki

E-Crypto News:

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

The new globally applied “Travel Rule” regulation that all crypto companies must comply with by June 2020.

E-Crypto News:

What solutions can be proffered to these challenges?

Netki’s TransactID solution as well as proposed solutions from CipherTrace, Shyft and others.

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 are just at the beginning of the journey and there are still way more things to build than have been built.

Dan Hannum Founder and Chief Investment Officer Hannum Capital Management

E-Crypto News:

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

Getting more entrepreneurs to build amazing businesses in Crypto.

E-Crypto News:

What solutions can be proffered to these challenges?

Investing in the future because it’s inevitable and I think I can help accelerate the efforts of the founders and innovators who are missionaries, not mercenaries.

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?

Cryptocurrency is not about the ups and downs of the digital currency market; it’s not even about a new unit of exchange to replace the dollar, the euro or the yen. It’s about freeing people from the tyranny of centralized trust.

Vlada Marjanovic SVP Sales and Business Development Theblockbox

E-Crypto News:

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

Blockchain in Enterprise: The greatest challenge is acceleration of the projects across the leading verticals (Supply chain, Finance, Environment, eGovernance) and the lack of technical leadership within the IT&Ops organizations (due to decades of outsourcing) to lead the business process change.

E-Crypto News:

What solutions can be proffered to these challenges?

Starting with smaller scale proof of concept (PoC) solutions in partnership with other in the industry vertical instead of trying to do it alone and testing the idea instead of trying to design for massive scaling and not being able to secure the development budget for the project.

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?

Within next 3-5 years, business process change enabled by blockchain technology will change the way you will conduct the business in a similar way Internet and e-commerce did in 1990s. You have a chance to embrace the change or be ignorant and risk that you may be impacted by it.

 

Lee JacobsonCEO Robot Cache Inc.

E-Crypto News:

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

Mass market awareness of the benefits of blockchain and smart contracts.

E-Crypto News:

What solutions can be proffered to these challenges?

Continued evangelism and successful case studies.

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?

Inevitably the blockchain space will touch practically every tech vertical and delivery benefits that aren’t even yet known or understood.

Blake Richman Verlato

Blake Richman VP Finance Vertalo

E-Crypto News:

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

With regards to the digital asset ecosystem, the technological pieces are in largely place, now it’s just a matter of architecting business models and products that expand access rather than inhibit and gatekeep. A lot of effort will be focused over the next 12-24 months to put this technology in the hands of the common user, which includes building interfaces and workflows that are linear, integrated, and intuitive.

E-Crypto News:

What solutions can be proffered to these challenges?

You’re already seeing technology companies work with financial institutions and professionals to understand how the technology will actually fit into existing lines of business. Multidisciplinary cooperation is imperative at this point.

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 are hardly in endstages with this technology, and it will require significant financial industry input and mutual benefit to deploy at scale.

 

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