Blockchain technology is unstoppably rolling out across just about every industry, not just (as some predicted) the world of financial services, but anywhere with a community of users.
Blockchain is technology that cuts out the middleman. It creates trust between parties who, possibly, don’t know one another at all.
And any industry that falls under these definitions could successfully employ blockchain.
What it does lack, however, as a new sector, is advisors and mentors to guide passionate and intelligent people through the process, avoiding the pitfalls, and ultimately launching a successful funding round - whether that’s an ICO or not.
After fifteen years working within financial services, increasingly with exciting fintech companies, Ophir Gertner co-founded invest.com four years ago to help retail clients manage their investment portfolios. And at the same time he became fascinated by the rise of blockchain and began researching how this would change business altogether.
With a passion for starting new projects and new businesses, he co-founded Stox Blockchain Prediction Markets Platform in early 2017, which launched a successful ICO that August and raised $33m.
But he didn’t stop there!
Noticing the number of great people moving into the blockchain product stratosphere with passion, but little experience, Ophir left Stox in the hands of a great team and set up his Smartologic Technologies. Here he offers blockchain consultancy services to both start-ups and established companies, as well as investors with an interest in this space, on how to launch revolutionary ideas, raise funds, reinvent and optimise their existing operation through harnessing blockchain technology - and possibly launch an ICO.
In episode ICO Radio 18 Barry E James talks to Ophir on how he works with clients, through analysis, whitepapers and products; who are his ideal clients – including Buff Coin; and, importantly, the legal and regulatory aspect of launching successful products in the blockchain space.
Key Takeaways from this episode:
· Advisors who understand the technology are best placed to help people take their first steps;
· Blockchain is the technology that cuts the middleman out, that creates trust between parties;
· The ideal blockchain client is aligned well with the technology - such as fintech – or anywhere that needs to create trust, and has a strong community, such as gaming;
· Regulation is vital for the growth of blockchain, and many jurisdictions are already on top of this, including Cyprus, Gibraltar and, to some extent, the UK – but the way forward will be open-minded regulators who are prepared to talk to people with experience of this space, who want to help for the good of all;
· Whether people trust crypto currency or not, blockchain as a technology will continue to grow and become more scalable – and as a community grows, that is good for the whole economy;
· The rise in local meetups is something to be encouraged, it creates communities in itself, real people meeting like-minded thinkers to discuss their ideas;
· Blockchain will continue to advance and will become the norm very quickly - within the next five years.