The next wave of blockchain is going to require a certain level of credibility. And we think being public provides us that. So the security token aspect is also really the only compliant thing that exists today. I think entrepreneurs don’t want to hear that because they just want to raise quick, easy money. But if you do the right things and you approach the SCC in a way that is playing by the rules that they’ve already established, you can go pretty far in establishing a blockchain-enabled ecosystem.
I think the technology is still very obscure to a lot of major institutions.
If you look broadly in the market, there’s not too may blockchain developers. There’s not a lot of schools or universities out there that are training developers to code on the blockchain.
The thing about blockchain and cap tables is, if you put your cap table on blockchain, you don’t have to issue a token. But it gives you the option, the ability ...
Easily, yes, right.
... to issue a token later.
And if you’re in this business like we are, you’re here because you believe that this is a mega trend, right? So, Vertalo is working to capture the early part of that mega trend by helping companies raising money to put their cap tables right on blockchain for self-sovereign ownership of the things that people are investing in, connections between issuers and investors.
The simple thing you said, that there’s a way to help so people don’t even have to know that they’re in blockchain, because there are so many inherent benefits of everything that you’re doing, but if you have to explain it to someone, they don’t ... “It’s too much, I’m just going to go back to my yellow pad.” But if it’s just, “Here’s a way you can do something you like to do faster or cheaper or better, you don’t need to know how,” I think that’s going to be the key that unlocks mass adoption.
Adam, there’s no question. That’s when the industry’s really arrived, when mom and pop use it, and they really don’t care ...
They don’t care, right.
... that it’s blockchain. And again, you can look at the way credit card transactions occur and all of the complexity that has to actually happen. And if someone came to you and said, “Here’s ... Guess what I’m going to give you a piece of plastic and it’s going to be able to do a transaction, but it has to go through, and there are many, many steps and many, many components to it,” you’d say, “That’ll never work.”
But at the minute where you can go buy something, swipe, and actually ...
... purchase it, that’s all you need to know.
We think we’ve very close now. So all of the technical components that we’re doing are really to make this accessible, easy, global, practical at any level.
What is it about the blockchain itself that is more interesting than say just building a marketplace or building an app, or what is it about it that attracts you?
The blockchain is the intersection of kind of technology, economy, money, security. So it has all those different aspects to it. And there are a lot of hard, interesting problems to solve. And so, as a technical person, you’re very interested in solving hard, juicy, meaty problems. And so that’s one of the attractions of the blockchain.
SecurityTokenAcademy.com is a platform for information about the new world of Security Tokens. We are not a registered broker-dealer or investment advisor. We are not a Security Token or blockchain platform, nor can you purchase or invest through our website. We do not offer investment or purchase advice; nor do we endorse or recommend purchases or investments in any Security Token, and we don’t tell you if any purchase or investment is suitable for you. Additionally all investments entail risk, and investments in start-ups as well as Security Tokens involve a potentially greater risk.
Copyright © 2020 SecurityTokenAcademy.com®. All Rights Reserved.